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