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Kuwait Withdraws From Key Neutral Zone Project
...e second quarter of 2014. Kuwait Crude Production (‘000 b/d)* ...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
KRG Set For Independent Exports Despite Iraq-Turkey Thaw
...at output was heading towards a targeted 200,000 b/d by the end of 2014. DNO Executive Board Chairman Bijan Mossavar-Rahmani says, however, that DNO is awaiting guidance from the KRG as to when exports through the independent export route through Turkey could begin from Tawke, which he said cu...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
DNO Touts 1bn Barrel Tawke: ‘Why Stop At 200,000 B/D’
...es a potential to take production beyond an initially targeted 200,000 b/d by the end of 2014 (from 100,000 b/d now) as it taps into the upper and lower reservoirs of the structure. Announcing third quarter results last week, executive chairman Bijan Mossavar-Rahmani told analysts that the company ha...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Mideast Condensate To Increasingly Feed Gulf Petchems
...ed As Petrochemical Feedstock (‘000 B/D) Direct Use Splitters (40% of below numbers)* 2012 2014 2016 2012 2014...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
OPEC Holds Firm On 2013-14 Call On Its Crude
...13 oil demand in non-OECD countries was revised downward versus the previous month’s estimate on weaker demand growth data from the Asian economies of Japan, South Korea and India. For 2014, world oil demand is projected to increase by around 1.04mn b/d relative to this year, hitting 90.78mn b/d (un...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Services Firms Bullish On Saudi, Wary Of Iraq Security
...sts, each resulting from delays under Zubair early production facility construction project. This project was approximately 60% complete at the end of Q3 with an anticipated project completion date of Q3 2014.” “As the Zubair contract is accounted for on a percentage of completion basis all known an...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Jordan Approves 2014 Budget, Spending Up 13%
...JORDAN Jordan Approves 2014 Budget, Spending Up 13% Jordan plans to raise its 2014 budget expenditure by 12.8% to JD8.096bn ($11.41bn at the fixed exchange rate of 1JD=$1.41) from the 2013 budget, according to the draft budget approved on 13 November. Revenue is slated to ri...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Dubai Set To Launch Plastics Futures
...UAE Dubai Set To Launch Plastics Futures Dubai Gold and Commodities Exchange (DGCX) announced early this week that it will launch the MENA region’s first plastics futures contract on 28 February 2014. The product to be traded is polypropylene, for which the exchange says gl...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Gulf Producers Face Increased Competition In Asia Condensate Markets
...e gap. East of Suez Segregated Condensate Supply Outlook - Base Case (MN B/D) 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Abu Dhabi Concession - Game On For BP
...erations (ADCO) consortium whose concession to run the emirate’s major onshore oil fields expires on 11 January 2014. UK Prime Minister David Cameron visited the UAE in early November to meet UAE President Shaikh Khalifa bin Zayid al-Nuhayyan and Crown Prince Shaikh Muhammad bin Zayid al-Nu...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Abu Dhabi Looks To Offshore Future
...t to start ramping up end 2014-early 2015 and hit its 750,000 b/d target in 2016. Construction of the first island, North Island, with targeted capacity of 279,000 b/d, a planned permanent population of 500 workers and 200 well slots, has just been completed. Total island facilities’ pr...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Middle East Refining Capacity To Rise, Says OPEC
...01 0.03 0.11 0.59 0.22 0.33 1.76 2014 0.09 0.41 0.05 0.00 0....
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
KOC Eyes $56bn Investment Bonanza
...pital expenditure of $11.5bn in 2012-13, $5.9bn in 2013-14, $11.4bn in 2014-15, $12.5bn in 2015-16, $9.1bn in 2016-17, and $5.4bn in 2017-18. Bad Press To some Kuwait may appear a poster child for how not to run an oil industry. But while there are clear issues surrounding pa...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Cyprus-Israel-Greece Electricity, Gas Links Studied
...ll identify EU-wide gas and electricity interconnection projects that it will partly finance from its 2014-20 budgets. If the HVDC cable is included, it could secure 5-10% of its final construction cost in the form EU grants and become eligible for loans from the European Investment Ba...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Mubadala To Invest $8bn In East African LNG Production
...jairah. This would complement or replace any contracts it will sign for supplies that will start in 2014. Abu Dhabi has been unable to import more gas through the 3.6bn cfd Dolphin Energy’s pipeline network to the UAE. The pipeline still has spare capacity of 1.6bn cfd. But Dolphin, in which Mubadala ha...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
LNG Producers Face Market Challenges, Qatar Mulls Russian Partnership
...til the North Field study is completed in 2014. Data from the RasGas-managed Barzan project’s production wells will help finalize QP’s study into the North Field reservoir’s structure and depletion rate. RasGas manages the 1.4bn cfd sales gas Barzan development within the North Field for the do...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
S&P Warns Of Refinancing Risks As Gulf Debt Matures
...rvices. Bonds and sukuk worth $25bn will mature in 2012, rising to $35bn in 2014, according to industry estimates, and this could prove challenging, especially given that capital market volatility and economic growth concerns are already curbing bond issuance. S&P said that potential Gulf sovereign bo...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
TPAO Plans East Mediterranean Offshore Deal With Shell
...ving our strategic weight from the Black Sea to the Mediterranean Sea,” he said. Mr Yildiz said that Shell would take over TPAO’s current Antalya operation and finalize it in two years. “In accordance with the seismic data, we plan to begin three years of drilling by the start of 2014,” the Turkish da...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
CBI Statistics Show 19.7% Fall In Oil And Gas Exports Revenue In 2009-10
...12-13) 1.951 1392 (2013-14) 1.553 1393 (2014-15) onwards 4.127 Parliament Removes President From CBI Assembly The Iranian parliament on 14 November passed a law to remove President Mahmoud Ahmadinejad from chairing the CBI General Assembly in a move which de...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Barzan Project Financing Kicks Off With Approach To ECAs
...ndensate Barzan, which is now planned for startup in 2014, after the original 2012 date slipped, will be supplied from a designated block (Barzan) in the North Field. Given the feed is rich gas, it will produce LPG and condensate (to be sold separately from the 1.5bn cfd of gas). Barzan is the last ma...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010