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MENA Turns To Solar Power For EOR As Well As National Grids
...the Neutral Zone, whose production is shared 50:50 by Kuwait and Saudi Arabia. Chevron says it could increase production by an additional 500,000 b/d. A final investment decision on the full field steam injection program is scheduled for late 2014, with first injection scheduled for late 2017. So...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
North Africa’s Investment Star Wanes
...heduled to come on stream in the second quarter of 2014 at a targetted capital investment of $920mn. Total is struggling to keep costs to below $1bn, MEES understands. Low gas prices have pushed Algeria into stopping spot gas sales (MEES, 11 October). A number of foreign operators had output slashed ea...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Abu Dhabi Plans Artificial Islands To Boost Oil Output By 470,000 B/D
...kum expires in 2026, and ZADCO’s operating concession for offshore fields Umm al-Dalkh and Satah expires in 2018. While ExxonMobil is happy with its ZADCO partners, it is not however content with its position in ADNOC’s onshore oil company ADCO, whose agreement expires in 2014. ExxonMobil has a 9....
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...dium term demand projections from last year’s WOO, but higher projections for non-OPEC supply means the call on OPEC crude remains constrained until 2014, the report highlights. The WOO’s reference case now predicts demand growth of 1mn b/d this year, more than double that expected in last ye...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Egypt Poised To Hit GDP Growth Target, But Long Term Challenges Linger
...onomy,” he said, noting expectations of improved capital inflows from Europe and the US in 2011, once the liquidity issue is resolved. Furthermore, the Ministry of Finance plans to reduce the overall fiscal deficit to 7.7% in 2010-11, gradually cutting it to 3.5% of GDP by 2014-15. This is optimistic, gi...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Tunisia Touts Export Potential, As Gas Projects Unfold
...15% on 2007, and compared with annual production of around 3 bcm. Furthermore, as ETAP’s Mr Becheikh himself said, Tunisia aims to cover 60% of its energy consumption with natural gas by 2014, compared with 40% in 2007 and just 5% in 1980. But exploration activity has produced good results si...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009