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Jordan Secures Finance For 50MW Solar Project, Brings 43MW Online
...oposed 49.5MW Daehan wind farm at Tafila, for which Korea’s Daelim and Kosco have signed a power purchase agreement with Jordan’s Ministry of Energy. The partners aim to begin construction in 2017 for start-up in 2019. SOLAR START-UPS Jordan has recently started up its first solar plants, in th...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
OPEC Agrees To Cut, Now The Hard Work Starts
...rst is now behind it, with the futures curve indicating a less painful 2017, with earnings rising back above the $500bn mark to within touching distance of last year’s figure (see table). As the largest producer, Saudi Arabia’s earnings have fallen the most, by an estimated $130bn this year alone, bu...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
IS, Syria, Yemen – World Leaders Face ‘Crisis-Control’ On Multiple Fronts, IISS Says
...ipman. “Multiple strategic earthquakes” have left “world leaders in a constant state of crisis control.” As a result, said Mr Chipman, “foreign policy has become and will continue to be in 2017 a branch of psychology. Managing competing interests or settling neat balances of power…will be superseded by th...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Kurdish Political Unity Fragments As Barzani Reaches Out To Baghdad
...litics is becoming increasingly fractious and there is a growing geographical split between the KDP-dominated Erbil and the PUK/Goran-stronghold of Sulaymaniyah. With parliamentary elections due by September 2017, the region’s political stability could deteriorate further. Its demise was the cu...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
IOCs Stall KRG Investment On Renewed Payment Concerns
...invest $71mn at Shaikan over 2016 and 2017 ($35.5mn/year) to maintain production at 40,000 b/d, rising to $88mn to increase this to 55,000 b/d. Some $13mn of the additional spend would be for a third production facility. Investment is therefore $3.4mn below the level needed to maintain output an...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Iraq Plans For $42/B In 2017, Exports At 3.75mn b/d
...Iraq is to base its 2017 draft budget on an oil price of $42/B and exports of 3.75mn b/d. Both figures look broadly realistic, albeit with some key caveats. The Iraqi government’s statement on the 2017 draft budget, released 27 September, adopts a $42/B oil price assumption that errs on th...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016