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Lebanese Politicians Pass Essential Financial Laws
...oductive cabinet. LEBANON: KEY ECONOMIC INDICATORS -IMF 2011 2012 2013 2014 2015 est. 2016 est. 2017 est. GDP Gr...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
North African Oil Benefits From New EBRD Focus
...nisia through the takeover of Canada’s Winstar, and net production is a modest 1,660 boe/d. Four of the fields are fully owned by Serinus, one is majority owned by state oil company ETAP. A development program spanning to 2017 is expected to boost output to at least 3,020 boe/d according to the co...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Egypt Plans Nuclear Tender, UAE Progresses First Reactor
...clear plants over 2017-20 is a key component of an “energy portfolio that guarantees security of supply and dependable electricity,” UAE Minister of Energy Suhail al-Mazrouei says. Speaking on 11 November at an Emirates Nuclear Energy Corporation (ENEC) conference, Mr Mazru’i predicted UAE electricity de...
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 Looks To Offshore Future
...16 2018 Nasr 0 65 2018 2018 Sarb (Satah Ras al-Boot)* 0 100 2017...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Petroceltic Eyes Algerian And Egyptian Expansion
...ving to front end engineering next year and development drilling in 2015. A total of 20 wells are planned before first gas production in the third quarter of in 2017. Some 150 development wells are planned over the field’s lifetime. 10 Tcf Reserves, 7 BCM/Year August’s declaration of...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Producers And Consumers Seek Cure For Oil Market Turbulence
...ntracted fields by 2017-20. Some IOCs have already submitted revised development plans and our own reservoirs department is conducting its own studies. Both the IOCs and the oil ministry are not far from the consultants’ initial figures – but there is no decision yet. No decision on production levels will be...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Repsol Strikes Gas In Algeria
...produce 3.6 bcm/year from late 2017, and where Enel is a partner. The key Algerian projects for both Repsol and GdF going forward are in the country’s far southwest. Repsol is operator of the $3bn Reggane Nord development which is slated to produce 2.9 bcm/y from late 2016, whilst Gd...
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 -
Leviathan Partners To Drill 4Th Well
...chel license area. This is also designed to function as a production well once it starts up in 2017-18 and will be necessary to complete the field’s mapping. Expected to be drilled in four months, the well will be located 125km to the west of Haifa and will reach a total depth of 5,...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Mubadala To Invest $8bn In East African LNG Production
...s joint venture with ADNOC that operates Shah, Al-Hosn Gas, to run all three fields. Mr Kubota says Fujairah’s permanent import LNG terminal could be completed by 2017 taking total import capacity up to 1.2bn cfd. Phase one – 600mn cfd of LNG – will come from a floating regasification and st...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Saudi Arabia Pens Nuclear Cooperation Deal With South Korea
...ntract in 2009 to build four nuclear plants in the UAE, set to be ready between 2017 and 2020, making the UAE the first Gulf Arab nation with nuclear power (MEES, 4 January 2010)....
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
TPAO Plans East Mediterranean Offshore Deal With Shell
...oduction by the beginning of 2017,” he said. Commenting on TPAO’s status, the minister said it had strengthened and can now enter partnerships with large firms. He said that the company might one day be capable of conducting searches with its own ship. Recently, the CGG Veritas seismic ship Oceanic Ch...
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
IAB Invites International Experts To Review UAE Nuclear Energy Plans
...e year 2020, official figures show. The UAE is planning to build four nuclear power plants by 2020 as part of a $20bn nuclear program scheduled to begin commercial operations by 2017 (MEES, 14 November)....
Volume: 54Issue: 47Published at Mon, 21 Nov 2011 -
Baghdad Initials Mansouriya And Siba Gas Deals
...rgeted 12mn b/d-plus production capacity by 2017 is a tall order and quite possibly unwanted given the potential negative impact such a tsunami of incremental production could have on outright prices. The infrastructure challenge is prompting outside observers to completely dismiss Iraqi official ta...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Socar Sees Shah Deniz 2 Gas Agreements By Mid-2011
...ose maximum production capacity is estimated to reach 16 bcm/y by 2018-19. Early gas is expected to start flowing by late 2016 or early 2017, he noted. On 14 November, Socar’s Vice-President for International Affairs Elshad Nassirov, who is leading the company’s negotiating team with Botas and th...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Iraq’s Technical Service Contracts – A Good Deal For Iraq?
...fer for the West Qurna 1 project (southern half of the West Qurna field) combined a Remuneration Fee per Barrel (RFB) of $1.90/B with a seven-year plateau production rate of 2.325mn b/d to be reached by 2017. Capital and operating costs were set at $25bn each over the life of the TSC (20 years ex...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
OMV Starts Nabucco Gas Supply Talks With Shah Deniz Consortium
...rameters of their cooperation. A draft of the agreement has been circulated in recent weeks. The Nabucco partners envisage first phase capacity of 8-12 bcm/year to start up in 2013, with completion of a second phase by 2015 and a third phase in 2017-18. Mr Auli said that, while Nabucco’s proposed fi...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Syrian Parliament Ratifies Extension Agreements With Shell And Total
...tal, which were approved by the Syrian Council of Ministers on 5 August and signed on 3 September (MEES, 8 September). The extension with Shell covers agreements which are due to expire during the period 25 December 2008 to 31 December 2017, while that with Total extends the existing license for 10 ye...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008