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Libya’s NOC Tries To Look Beyond Continued Chronic Instability
...oduction resume from eastern fields, output could average 500,000 b/d in the fourth quarter, while the longer term forecast is for a production average of 800,000 b/d, assuming that some groups will keep substantial volumes offline, through 2014 and 2015. “In the meantime, the risk of state collapse re...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Saudi To Keep Crude Output High Amid Soaring Domestic Demand
...abiyah non-associated fields had been expected to come online in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand months, Saudi Aramco revealed. Also starting up in 2014...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Iran Revisits Hydrocarbon Contracts In Effort To Boost Output
...uld cut its current account deficit, and save up to $8.5bn in foreign exchange over the current fiscal year (April 2013-March 2014) by increasing its reliance on Iranian oil, for which it is in theory able to pay entirely in rupees (MEES, 8 September). And while Tehran is yet to give an of...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Abu Dhabi Puts Tacaamol Back On Track With Aromatics FEED
...integrated BTX unit would produce benzene, toluene, paraxylene, orthoxylene and metaxylene, as well as light naphtha and LPG for export. The Tacaamol schedule has slipped from the initially envisaged 2014 start-up. Until recently Chemaweyaat had been looking to start FEED work in late 20...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Oryx GTL: Sasol Cautiously Optimistic
...gher US GTL feasibility study cost.” Sasol plans to debottleneck Oryx by 2014 in a drive to boost capacity by 10%; however, industry sources indicated to MEES that this may slip back to early 2015 (MEES, 16 August). The Oryx plant’s current production capacity is 24,000 b/d of gasoil, 9,...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Turkey Orders Turbines
...tsubishi Electric. The plant is scheduled to go onstream in 2015. Meanwhile, Abu Dhabi’s TAQA has deferred to 2014 a decision on the development of up to 7GW of coal-fired power capacity and associated mines in the Afsin-Elbistan region with Turkey’s Electricity Generation Company (EÜAŞ). The fi...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
OPEC, IEA Say Oil Market ‘Well Supplied’ Despite Ongoing Disruptions
...ice of oil. 2014 Call Edges Down With the supply disruptions hitting a number of OPEC’s key members over the past quarter, the MOMR puts total August output for the producer group at 30.23mn b/d based on secondary sources, down around 124,000 b/d on its July estimate of 30...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
BG Takes Further Egypt Hit; BP Upbeat On Drilling Success
...EGYPT BG Takes Further Egypt Hit; BP Upbeat On Drilling Success UK mini-major BG has again downgraded its production forecasts on the back of Egyptian delays, having made a previous major downgrade only seven months ago (MEES, 14 February). For 2014, BG an...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013