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Morocco’s ONEE Announces 2013-17 Electricity Plan
...e 300MW Tarfaya wind farm at the end of 2014 and Spain’s Gamesa is adding 120MW of capacity at the Metline and Kchabta wind farms (MEES, 23 August)....
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
OPEC Relaxed On Supply, Prices
...OPEC Secretary-General ‘Abd Allah al-Badri is not losing any sleep over the impact of surging tight oil production in the US, which he says will be short-lived. He says oil prices above $100/B are “reasonable” and likely to hold at current levels at least until the end of 2014. The call on OP...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Iranian Economy Shrinks By 5.4%
...bn in the year to 20 March 2014, from $50bn a year earlier, according to the NDF Deputy Director Qasim Hosseini. By law 20% of oil revenue is usually allocated to the NDF, which is intended to finance major development projects. In addition to the NDF, the Iranian government with pa...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Damage To Syrian Economy Tops $20Bn – Officials
...me buildings and infrastructure and that a further S£50bn ($365mn) have been allocated in the 2014 draft budget to continue reconstruction activities. Prime Minister Wail al-Halqi last month called for austerity and rationalization of current and investment expenditure in the 2014 budget an...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
The US Shale Revolution, Part 3: Overcoming The Obstacles
...oice for power generation, the EIA projects in its May 2013 Short-Term Energy Outlook that “year-over-year increases in natural gas prices [will] contribute to declines in natural gas used for electric power generation from 25bn cfd in 2012 to 22.8bn cfd in 2013 and 22.2bn cfd in 2014.” Low we...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...r 2016 – revised back from 2014 earlier this year. But potentially Total’s biggest Algerian project is the 4bcm/y Ahnet tight gas development, also in Algeria’s deep southwest. A “technical” development plan filed in July 2011 still awaits approval. The delays are largely due to a st...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
...art-up at 20,000 b/d in the first half of 2014 before ramping up to 36,000-40,000 b/d plateau volumes of 44°API crude from 2016. PetroVietnam has 40% and is operator, PTT has 35% and Sonatrach 25%. Development now appears to be going smoothly – 2012 has seen progress on the drilling of 16...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Saudi Aramco Progressing Strategic Downstream Projects
...dustrial City II, with completion scheduled for 2014. While the value of the contract and the capacity of the plant were not disclosed, JGC did say that the aromatics unit will be one of the key upstream manufacturing units in the Sadara complex. Sadara’s 26 manufacturing units will produce a wide range of pe...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
East Asian Firms Come Of Age In Middle East With Iraq Investment Drive
...ed another pipeline. Mega-projects at Rumaila, Zubair, and West Qurna-1 are also ramping up, and at the end of 2013 a 200,000 b/d phase 1 of the Lukoil-led West Qurna-2 will begin to start up. Potentially, West Qurna-2 could rise steadily through 2014 to hit 400,000 b/d – the field capacity will be th...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
AES Jordan Secures OPIC Funding For New Power Plant
...080 7.5 18,733 7.8 2014 3,317 7.7 20,231 8.0 2015 3,...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Morocco Awards 160MW Solar Project To ACWA
...0mw concentrated solar power (CSP) plant at Ouarzazate. Masen President Mustafa Bakkoury said that work on the project is scheduled to begin before year-end with a view to start-up by the end of 2014. He estimated the total investment requirement for the project at $1bn. He said that AC...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Storm Clouds Gather Over Iraqi Oil Development
...Neel’s presentation estimates. The problem, the source says, is that rising demand means that new capacity won’t really begin to be felt until what could be a politically unacceptable 2014. Mr Neel urged Baghdad to review its electricity subsidy policy sooner rather than later to promote co...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
BP Reveals Fourth Pipeline Option For Shah Deniz 2 Gas
...ere is concern about the potential extent to which it would overlap with a number of interconnector pipelines that are due to become operational throughout Southeast Europe by 2014. BP’s Vice-President for Shah Deniz Development, Al Cook, described the SEEP project as “another possible so...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Qatar Faces Challenge of Complex, Changing European Gas Market
...laysia has reportedly paid Qatar $15.40/mn BTU – up from the market’s typical $8.50/mn BTU at the beginning of the year. Competition From Coal LNG also has to compete against coal. The EU will stop subsidizing domestic coal production by 2014, making Europe more dependent on imports. Furthermore, Eu...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Offshore Exploration To Continue, Says Cyprus, As Turkish Ship Enters Republic’s EEZ
...Turkey’s reason for insisting that Cyprus halt the work in Block 12 on the grounds that it would not be beneficial to Turkish-Cypriots. Gas from Block 12 is not expected to arrive on the island until 2014 – by which time a federal Cypriot government and an island-wide gas distribution system co...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011 -
Barka-3, Sohar-2 Financing Shows Good Lender Appetite For Oman Power
...xt IPP, which is the 1.5gw plant being planned for Sur. This invites bids from developers to provide around 400mw of early power ahead of peak summer demand in 2013, and proceed with full commissioning ahead of 2014 peak summer demand. OPWP had originally planned to set up an IWPP at the al-Gh...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Kazakhmys To Accelerate Ekibastuz Power Plant Modernization
...08 acquired the country’s largest power plant, located at Ekibastuz near Pavlodar, announced on 24 September that it will speed up its $400mn modernization program. The company plans to boost the power plant’s generation capacity by 40% to 3.5gw by 2014. Kazakhmys CEO Oleg Novachuk said that the co...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Kuwait Looking To Start-Up Of Vietnam Refinery In 2014
...Middle East Economic Survey VOL. LIII No 40 4-Oct-2010 KUWAIT Kuwait Looking To Start-Up Of Vietnam Refinery In 2014 Kuwait intends to keep hold of its 35.1% stake in the $6bn Nghi So...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
MENA Region Could Become World’s Petrochemical Hub, Says Al Masah Capital
...ng term demand outlook for petrochemicals is very positive, supported by rising consumption rates in emerging economies of Asia, primarily China and India, maintains the report. The region’s share of global ethylene capacity is set to reach 23.4%, equivalent to 174.8mn tons/year, by 2014, up fr...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
APICORP Prepares To Launch First Ever Bond
...e end of 2009. This is already stronger than most A-rated commercial banks, and is expected to rise to around 30% by 2014. APICORP’s extremely low leverage ratio of 3.1% and non-performing loan (NPL) ratio of 0.7 % further contribute to its stability in the currently difficult global financial en...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010