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Benchmark Crude Prices ($/B)
...OIL PRICES 30-Oct 20-24 Oct 13-17 Oct Sep-14 Aug-14 Q3 2014 Q2 2014 2013 20...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
Genel Energy Gets New Export Route For Taq Taq Oil.
...frastructure was expected by end-2013 and full oil exports to start in the first quarter of 2014, it added. The KRG has been in dispute with Baghdad over the legality of its production-sharing contracts, payments to foreign contractors and control over regional resources. The Iraqi government has said that an...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Gulf Petchem Firms Eye Additions To Busy Projects Schedule
...sts, and preparing a tender for front-end engineering design (FEED). Completion is scheduled for first quarter 2014. Foster Wheeler was also earlier awarded a contract by Kuwait’s Petrochemical Industries Company (PIC), for a pre-feasibility study and market report for a proposed ar...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Güriş Orders 53 Turbines For Wind Farms
...30 October that the projects are expected to be commissioned between late 2014 and summer 2015. The scope of work includes turbine delivery and a five-year service agreement. Siemens said that 25 turbines with a combined capacity of 77MW will be installed at the Fatma wind farm in Muğla. A to...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Supply Challenge Still Alive Despite Shale Surge
...anks to rising indigenous oil and gas production in the world’s largest energy consuming market. Non-OPEC producers, led by the US, Canada and Kazakhstan, are expected to raise output in 2014 by 1.7mn b/d, the International Energy Agency (IEA) said in its last monthly oil report. It predicted de...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Civil War And Partition Threaten Iraq
...nd a modus vivendi. The current instability coincides with plans to raise the export capacity of Iraq’s southern oil ports to 4mn b/d by the end of the first quarter of 2014. Crude oil storage capacity throughout the country has been increased to over 7mn barrels. According to Deputy Prime Mi...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Border Impasse
...nister of Energy Gebran Bassils early October announcement that the ministry had extended the deadline for IOCs to submit their bids. Originally set for September, the deadline has gradually been pushed back to 10 January 2014. In all likelihood, this is a moving target. Caretaker Prime Minister Na...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
UAE Issues 2014 Budget
...UAE UAE Issues 2014 Budget The UAE cabinet on 27 October approved the 2014 federal budget with total expenditure of Dh46.2bn ($12.6bn), of which more than half is allocated to welfare. The original 2013 budget had projected expenditure at Dh44.6bn (Dh12.1bn), but the go...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
South Sudan Orders Oil Production Restart
...vernments to raise output. The IEA said last week it expected Sudan to produce 70,000 b/d on average this year, which should jump to 90,000 b/d in 2014, before dipping to 60,000 b/d in 2017. “Sudan and South Sudan are expected to rebound to a combined 360,000 b/d by 2015, though still 10...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Qatar Faces LNG Market Challenges
...e Sabine Pass project, and the next project that is likely to go ahead probably won’t read final investment decision (FID) until 2Q13, or even 2014; putting them in the 2017-18 time frame,” Mr Flower says. But if Japan starts importing US LNG at Henry Hub prices, some feel this may re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Middle East Refinery Capacity To Surge, Says IEA
...ddle East refining expansion will include 400,000 b/d capacity projects in Saudi Arabia and the UAE – due on stream in 2013, 2014 and 2015 – and smaller expansions in Qatar, Iraq, Iran and Oman. Ambitious expansion plans in Kuwait, Bahrain, Oman, the UAE, Iraq and Iran are excluded from the forecast as fi...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Iraq Wakes Up From Power Shortage Nightmare
...ld a dominant position in Iraq’s Kurdish north (MEES, 28 September). In addition to the 500mw Najibiya power plant due on stream in 2014, and a 126mw facility specifically for the Lukoil-led West Qurna-2 oil field development, Turkish firm Enka is converting the 1,000mw Single Cycle Irbil power plant in...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Flow Of Egyptian Gas To Israel Resumes, New Price Struck With Jordan
...n per year by 2014. Meanwhile, Egyptian officials have said they have not yet received notice of a suit from EMG. The company told MEES in July that it had filed for international arbitration against the government for claims on damages of $8bn due to Egypt’s failure to meet the terms of its Ga...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
Political Comment (31 October 2011)
...21 October the UN Security Council intervened in the continuing political crisis in Yemen with Resolution 2014, in which, inter alia, it "strongly condemns the continued human rights violations by the Yemeni authorities, such as the excessive use of force against peaceful protestors as well as th...
Volume: 54Issue: 44Published at Mon, 31 Oct 2011 -
Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Shell Reduces Kashagan Phase 2 Cost Estimate By $18Bn
...start by 2014-15. Mr Kabyldin said that “the group of six Kashagan participants on July 27 informed the [Kazakh] oil and gas minister that the time frame for Phase 2 at the Kashagan field was being put back to 2018‐19,” according to Russia’s Interfax. As a consequence, Mr Kabyldin noted, th...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
EIB Grants €560Mn Support Package For Egypt’s Electricity Sector
...be commissioned in 2014. In addition to the EIB, it will be financed by the World Bank and the OPEC Fund for International Development....
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Tough Investment Climate Darkens North African Upstream Prospects
...pected on-stream in 2014, will feed into the planned pipeline connecting all the tight gas fields in the remote southwest to Algeria’s main gas hub at Hassi R’Mel. Another important gas development that has suffered unforeseen delays is the installation of a low-pressure compression project at the Ti...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
NBK Signs $279mn Loan Agreement With KIPCO
...five years. The loan, which matures in 2014, precedes the $500mn seven-year international bond which KIPCO issued earlier this year. “This deal is consistent with our strategy of actively managing our funding base through extending maturities and diversifying our currency and investor mix. It is...
Volume: 52Issue: 44Published at Mon, 02 Nov 2009 -
Iran Establishes New Naval Base In The Sea Of Oman
...approximately 37 bcm/year, with first gas planned from 2014. Mr Kasaeizadeh said that design engineers had been hired and that NIOC had started talks with European countries on their participation in the implementation of the project. Nozar Arian, Managing Director of the Iranian Of...
Volume: 51Issue: 44Published at Mon, 03 Nov 2008