1. BP, CNPC Bag Improved Rumaila Terms As Iraq Slashes State Stake

    ...e oil ministry is negotiating a lower PPT with Malaysian Petronas, operator of the Garraf oil field in Thi Qar province with partners Japex and the North Oil Company. Garraf entered into production in 2013 at a rate of 35,000 b/d and the PPT was set at 230,000 b/d to be attained by 2017. When Ir...

    Volume: 57
    Issue: 37
    Published at Fri, 12 Sep 2014
  2. Qatar Hires Rigs In Boost To Crude Output Plans

    ...Congo. This is expected to come online next year and ramp up to about 140,000 b/d by 2017. QPI’s working interest will be about 16,000 b/d of crude and just under 5mn cfd of gas (MEES, 24 May 2013), offsetting potential declines at home. Early this year, QPI bought 23% of the ultra-deep water Pa...

    Volume: 57
    Issue: 37
    Published at Fri, 12 Sep 2014
  3. Egypt: Gas Shortage Fuels Record Diesel Demand

    ...e map) to 825,000 b/d by 2017 (MEES, 22 August). Assiut Oil Refining this month secured $198mn financing from Saudi Arabia-based Islamic Development Bank (IDB) to help fund a $2.9bn upgrade of its 47,000 b/d plant 320km south of Cairo. A 26,000 b/d hydrocracker at the refinery will convert heavy fu...

    Volume: 57
    Issue: 37
    Published at Fri, 12 Sep 2014
  4. Oman’s Orpic In Catalysts R&D Venture

    ...finery capacity from 116,000 b/d to 197,000 b/d by 2017 (MEES, 9 May). For Orpic, the deal will provide valuable access to catalysts technology, since Middle East refiners largely depend on outside companies for catalysts at a time when regional demand is growing in line with refining capacity. Gr...

    Volume: 57
    Issue: 37
    Published at Fri, 12 Sep 2014