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Iraqi September Exports Fall 500,000 B/D With Basra Maintenance
...rmal levels by the end of the month. Iraq’s designed export capacity is set to expand to 5.6mn b/d by early 2014 once two more SPMs, each with capacity to handle 450,000 b/d, are installed and pipelines tied to a central platform. This would theoretically cater to anticipated higher ou...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Libya: ’Arusi Confident Despite Wafa Outage
...nocoPhillips remain shut. NOC has taken advantage of the forced shutdown to bring forward extensive maintenance on the cluster of Waha fields which had been due to start in 2014. Waha, is one of Libya’s key producers, though labor strikes in recent months kept output below nominal 365,000 b/d capacity even be...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
ADNOC Prepares Contingencies As Clock Ticks On ADCO Concession
...%, Shell, BP, Total and ExxonMobil each with 9.5% and Portugal’s Partex, 2%. Each of the major partners (ie excluding Partex), now has to submit bids for a slice of a redesigned ADCO consortium, which currently accounts for roughly half of total UAE production. The concession expires in January 2014...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Dubai Refinery Doubts Amid Gulf Capacity Surge
...test Dimensions International magazine says construction is expected to be completed in June 2014. Gulf Refining Project Operator (Project) Location Plan Aramco/ExxonMobil (Samref) Yanbu’, S Ar...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
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