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Baghdad Caught in North-South Pincer As Basra Oil Heartland Seeks Autonomy
...x major oil fields in the south, within and around Basra province, that are being developed by foreign oil companies and where the bulk of additional crude oil is expected to be produced as Iraq ramps up to a targeted 9mn b/d of capacity by 2017 from around 3.3mn b/d. Call For Recogniton Ba...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Egypt Touts Block Awards But IOC Debts Mount
...periencing chronic delays. Originally slated for start-up in 2014, the 1bn cfd project will now likely come online in 2017. It is a delay that gas hungry Egypt can ill afford, and the government’s eagerness for future supply provides a powerful rationale for not letting payments to BP slip further....
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Algeria Completes 1.2GW Plant, Building 11.2GW New Capacity
...andards. GE sees Algeria’s peak demand rising by 14% a year, from 12GW now to 20GW by 2017. Mr Yousfi’s sense of urgency in tackling the capacity requirement was reflected by the recent securing of deals for six 1.4GW CCGT plants simultaneously. Further ahead, he has also announced a plan to build a 1GW nu...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013