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Oman Invites Bids For Building Duqm Refinery, Awards Liwa Cracker
...r a PET technology license. Ompet had planned to achieve financial close for its PTA/PET plant by mid-year, with a view to project start-up in 2017. However, the financial arrangements have yet to be concluded, which suggests that the PTA/PET plant start-up target is likely to be pushed into 20...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Egypt Joins MENA Nuclear Club Through 4.8gw Deal With Russia
...pco E&C has started construction of the containment building for the last of its four 1.4GW reactors at Barakah. State nuclear firm ENEC says it is on schedule to start up one plant per year during 2017-20 (MEES, 25 September). Iran signed a deal with Rosatom to press ahead with two further 1GW re...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
BG Deal Brings Cyprus, Israel Gas A Step Closer To Egypt
...rket, rather than re-export as LNG, is concerned). This is especially the case given that, according to any conceivable timeframe, Zohr, slated for fast-track development with first gas in 2017, will come online years before Leviathan or Aphrodite (MEES, 23 October). Eni and Spanish firm Union Fe...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Iraq Hikes 2015 Export Projections, Includes Kirkuk, KRG Oil
...2009 and 2010 for further development or development of major oil fields in the south with initial plans to raise production capacity to over 13mn b/d by 2017. It has since lowered its target to around 9mn b/d and has negotiated lower plateau production targets with nearly all the major op...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Dubai Solar Shortlist
...en completed in 2030. Phase-2 is slated for 2017 start-up. Phase-1, a 13MW capacity solar PV plant was connected to the Dubai grid in October 2013. Dubai aims to generate 5% of its electricity from solar plants by 2030, although gas will still be the main provider with 71%. While DEWA is keen to...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Qatar Looks Resilient To Lower Oil Prices
...ile lower oil prices will sooner or later feed through into lower LNG revenue, Qatar, with its already established infrastructure, is in a much stronger position than the nascent competition. Australia is set to overtake Qatar as the world’s number one LNG producer by 2017 on their way to pr...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Jordan Moves Toward Austerity In 2015
...760mn) for current spending an JD1,175mn ($1,657mn) for capital expenditure. With inflation estimated at 2.4% in 2015, total spending is slated to rise by less than 1% in real terms. Real GDP is expected to grow at 4% in 2015 and 4.5% in each of 2016 and 2017. The Economy In 2014 Reviewing the cu...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
US LNG To Challenge Qatar In Key Asian Markets
...A). This could mean additional competition for sales to Qatar’s key Asian customers Japan, China and India, as well as Europe from 2017, when Freeport hopes to begin exports. Of LNG importers only South Korea and Singapore currently have FTAs with the US. Freeport will be able to export a total of 1....
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Oman Takes Its Place In Gulf Refining Expansion
...gineering and design (FEED) for a $6bn, 230,000 b/d refinery at Duqm. DRPIC has received both technical and commercial bids for the FEED, expected to take 14 months. Delays in awarding the design work are expected to push the refinery’s target start-up date back from 2017 to 2018. Once completed, DRPIC ai...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Hydrocarbons Remain Key To MENA Power Expansion
...nagement contract for PP13 and PP14 to Australia’s WorleyParsons. SEC plans to award engineering, procurement and construction (EPC) contracts for the plants in 2014 with a view to 2017 start-up (MEES, 3 May). In September, Korea’s Hyundai awarded France’s Alstom a €170mn contract for four 720MW steam tu...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...me online in late 2017 at the earliest following repeated delays. “The new oil minister is trying to stimulate investment and [gas] supply, particularly from the Mediterranean. They have some deepwater and shallow water discoveries, [but] it’s pretty much stranded at the moment because of the gas pr...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
China Consolidates Its Position In The Iraqi Oil Sector
...conclusive. CNPC’s third success is Halfaya, where it is the operator with a 37.5% interest along with Total and Petronas (18.75% each). The field, with proven reserves of 4.94bn barrels, is expected to reach a plateau of 535,000 b/d in 2017 sustainable for 13 years. First phase development to a capacity of 10...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Qatari Condensate Production On The Rise
...2 into what it says is the world’s longest horizontal well, at about 12km, in a reservoir which in places is only one meter thick. Maersk won the contract after majors said they could only get its production to 20,000 b/d. Its PSA expires in 2017. US independent Occidental Petroleum (Oxy) is st...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
POGC And Sonatrach Step Up Libyan Exploration; Others Wait On Sidelines
...presentatives were in discussions with NOC chief Nouri Berruien in Vienna earlier this month with the aim of finalizing the German company’s $500mn plans to produce 30,000 b/d from the acreage by the end of 2017. France’s Total also has near-term development plans – including for Murzuq basin Block NC...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Iran Nuclear Plant Shut Down, UAE Gauges Impact Of Korea Safety Scam
...rean nuclear plants. Korea Electric Power Corporation (Kepco) won a $20bn contract in 2009 to build four 1.4gw nuclear plants at Barakah during 2017-20. However, Kepco discovered that fake safety certificates had been issued for equipment installed throughout South Korea’s 23 existing nuclear pl...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Kuwait 2012-13 Budget Maintains Record Spending
...ternational Monetary Fund (IMF) in May this year said that Kuwait’s spending is unsustainable and warned that “government expenditure will exhaust all oil revenues by 2017” and that fiscal consolidation is needed in the medium term if current trends continue. But this was dismissed by economists who ma...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Petroceltic Eyes Production Debuts In Algeria And Kurdistan
...$1.7-1.8bn just to get to first gas,” Mr O’Cathain said. ʹAin Tsila partners – Petroceltic (56.625%), Sonatrach (25%) and Italy’s Enel (18.375%) – are provisionally looking at a first quarter 2017 production start-up. Petroceltic, which farmed out to Enel in April this year, is looking at se...
Volume: 54Issue: 48Published at Mon, 28 Nov 2011 -
Iraq And The Security Of Energy Supplies For Europe
...d-2009 to a plateau of about 11.7mn b/d sustainable for the six consecutive years of 2017-22 and generating a substantive influx (trillions of dollars) of oil export revenues for a duration of 20 years. There will also be 820mn cfd from the three gas fields mentioned above and significant associated gas, es...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Private Financing To Play Key Role In Developing Saudi Power Projects, Says NCB
...ctor involvement in building 25,275mw capacity on a BOT basis with capital investment of SR67.43bn ($17.98bn). These projects would have an 80:20 capital structure and are targeted for completion by 2017. In addition, SEC would need to mobilize an estimated SR36.92bn ($9.85bn) to install 18,755mw ca...
Volume: 47Issue: 48Published at Mon, 29 Nov 2004 -
Oman LNG $1.3Bn Refinance Moves To Second Round Of Bidding
...ming to market at this time. He also noted that acquiring two preliminary ratings would support the transaction. Standard and Poor’s (S&P) rating agency announced on 5 November that it had assigned an A- bank loan rating to the proposed $1.3bn commercial bank facility due 2017. The agency noted th...
Volume: 44Issue: 48Published at Mon, 26 Nov 2001