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UAE Faces Power Capacity Shortfall, Targets Improved Efficiency
...stall seven power plants with total combined capacity of 9.47GW by 2021, a 33% increase on current installed capacity of 28.9GW (see table). However demand growth is set to outstrip this with current trends indicating consumption will rise 50% between 2014 and 2021 to hit 171TWh by the latter date. By...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Kuwait Seeks IOC Help To Hit Production Targets
...rgets (Mn B/D) 2014 2020 Investment ($bn) Burgan 1.7 1.7 5 West Kuwait 0.5 0....
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Libya: Slashed Oil Exports Leave $16Bn Budget Hole
...asons for this deficit. However the reasons aren’t hard to figure out. The country has been wracked by political instability bordering on civil war for most of the year so far. Oil output for the first eight months of 2014 averaged only 320,000 b/d, and whilst volumes have increased in recent weeks th...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
IMF Calls For Hike In Saudi Energy Prices
...atistics. Crude Volumes Down, Prices Down Too Saudi crude oil exports fell by 2.4%, or 175,000 b/d, to 7.252mn b/d in the first seven months of 2014 from 7.427mn b/d in the corresponding period of 2013. Given that average prices for Saudi crude have also fallen moderately over the same period crude ex...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Benchmark Crude Prices
...Benchmark Crude Prices 25-Sep 15 - 19 Sep 8 - 12 Sep Aug-14 Jul-14 Q2 2014 Q1 2014 20...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Obstacles For Qatari Crude Boost As QNB Sees 800,000 B/D By 2017
...veral obstacles in realizing 800,000 b/d by 2017. Large-Scale Investment Plans QP is implementing a $6.6bn development plan between 2010 and 2014, according to the QNB report. As Qatar concentrated on flagship LNG projects, it under-invested in oil production, eventually falling behind Om...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
IOCs Hold Steady Despite Yemen’s Political Crisis
...ose, following six months of consultations over the signing of a new constitution and the forthcoming elections in 2014. Organizers have decided to extend the process by another two weeks however, to allow participants more time to debate a number of as yet unresolved issues – primarily that of...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Qatargas Signs Flexible UK LNG Deal With Malaysian State Firm Petronas
...s shift from Europe and the US, where demand is falling, to the Asia-Pacific market. Under the terms of the deal, Qatargas-4 – a joint venture, 70% controlled by Qatar Petroleum (QP) and 30% Shell – will supply Petronas’ Dragon LNG Terminal in Wales from January 2014; however, the deal is fl...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
MENA Generators Pushing Non-Conventional Power Projects
...MW farm at Qatinah in Homs province; a 100MW at al-Sukhnah in Homs province; and a 50MW at al-Halas in Qunaitra province. Bids are requested to be submitted to the ministry’s National Energy Research Center by 6 January 2014. MENA Non-Conventional Power Projects Co...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
IOCs Mull Algeria Safety
...ckenzie. Unconventional Plans Originally scheduled for this year the bid round will now likely be held in 2014. It will not only be a bellwether for conventional resources, but will also test the appetite for the country’s shale gas reserves, estimated to be the world’s third biggest by the US Energy In...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
APICORP Assets Hit $5bn
...cus on growing trade finance activities in the region, In the fourth quarter of this year, APICORP will be conducting an extensive exercise to develop a new five-year strategic plan for 2014-18 that will further support our mandate of raising capital access and enhancing the financial performance of th...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Lebanon Seeks Aid
...5Bn The fallout from Syria’s conflict will cost Lebanon $7.5bn in cumulative economic losses by end-2014 ($1.1bn in 2012, $2.5bn in 2013 and up to $3.9bn in 2014), according to a World Bank report prepared ahead of the planned donors’ meeting on the crisis. “With the escalation of the Syrian co...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Iraqi Electricity Industry Poised For 20,000MW Lift-Off
...nus Already Allocated + Mega Deal 2012-2017 $Bn 2012 2013 2014 2015 2016 2017 4....
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Egypt: Billion-Dollar Exploration ‘Commitments’ Fail To Disguise Delays
...lays Pre-revolution late 2014 project approved 19 July 2010 Nov-11 mid 2015 protests delay gas plant construction May-12 Q2 20...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Chevron Neutral Zone Delay Jeopardizes Kuwait 2020 Crude Target
...madi port. However, the push to get to 800,000 b/d by 2014 would be a major advance on a previous plan – in 2010 KOC said northern fields’ capacity will hit 820,000 b/d by 2020. And it would be despite KOC steadily dropping northern fields’ heavy oil targets in recent years from 900,000 b/d by 2020 to 27...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Abu Dhabi’s Oil Field CCS Projects Face More Delays
...servoir’s formation. ADCO – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – has a concession to manage most of Abu Dhabi’s onshore oil fields, which expires in January 2014. Abu Dhabi is asking majors to pitch for concessions without knowing the results of pilot sc...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Korea To Finalize Abu Dhabi Fields Deal, China Eyes Japan’s Concessions
...likely that ADNOC’s onshore oil fields concession will be broken up when it ends in January 2014, because it is too close to the renewal date. The Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – wh...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
ACWA To Develop World’s Biggest IPP For SEC
...ne 2014. The $2.85bn project will see 77% funded via debt, split equally between dollars and riyals, said ACWA. The dollar facilities will include tranches funded or covered by export credit agencies (ECAs) US ExIm, Eulerhermes and Kexim. Participating international banks include HSBC, KfW, St...
Volume: 54Issue: 39Published at Mon, 26 Sep 2011 -
Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ar (MEES, 9 August). Abu Dhabi is investing $20bn in four nuclear reactors with a capacity of 1.4gw each to come on line by 2017-20. There is no new planned major source of non-associated gas coming available before 2014, leaving the country’s gas output dependent on crude oil, whose production is cu...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
EU Facilitates Azeri-Turkmen Talks On Kyapaz/Serdar To Boost Nabucco
...mpressed natural gas (CNG) project, which could bring to Baku up to 4-5 bcm/year of gas by 2014-15, would have to be politically acceptable to Moscow before its implementation is seriously considered by Turkmen authorities. It is thought that the cost of shipping CNG between Azerbaijan and Turkmenistan co...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010