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Barzan Start-Up To Raise Qatar LPG Exports
...mn tons/year. An additional 500,000 t/y of LPG is expected to be added once the Barzan gas project is commissioned in 2014.” Dr Sada told the conference that LPG demand is rising rapidly, particularly in the residential and commercial sector: “This is particularly evident in emerging economies such as...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
US LNG To Challenge Qatar In Key Asian Markets
...gher than current production levels, by the end of the current Iranian calendar year on 20 March 2014. While this pronouncement is likely without merit, it is worth pointing out that Iran has expansive gas reserves to tap. If a future agreement between the P5+1 countries and Iran relaxes sanctions and Ir...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Oman Takes Its Place In Gulf Refining Expansion
...sref) Yanbu’, S Arabia 400 U/C**. Due onstream 2014. Takreer (Ruwais Expansion) Ruwais, UAE 417 U/C. Due onstream 2014. NIOC (Persian Gulf St...
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 -
Oman Plans First Solar Unit Under Rural Plan
...ar. Start-up is scheduled for June 2014. AER decreed in March that Raeco must incorporate renewables technology – either solar or wind – in each project for which it seeks authority funding. AER estimates Raeco’s total generating capacity at 282MW from 45 diesel-fired plants. Most of Oman’s ca...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Iran Prepares For Full Return To Oil Markets But Will Saudi Make Way?
...-nation group meets to determine output policy for the first quarter of 2014, it will have to contend not only with the faster-than-expected rise in US shale oil production, but also prepare the ground for the eventual rise in Iranian oil output if the sanctions are scrapped. Back home, Iran has been bu...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Lebanese Bid Round Hostage To Politicial Stalemate
...fore IOCs are sure what they are bidding for and under what specific terms – all subject to the approval of a future government. With no grand compromise in sight, it may be well into 2014 before Mr Salam is able to form a new government. It is therefore highly likely that there will be fu...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...ne 2014. This fiscal burden has prevented it from paying oil and gas producers in full, and IOC receivables stood at over $6.4bn by the third quarter of this year – likely well over given that this figure excludes key producers such as Eni, Shell and Apache (see table, MEES, 15 November). Eg...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
GCC Growth ‘Robust’ Despite Geopolitical, Economic Headwinds-IMF
...ojects are implemented and private sector confidence remains high. For 2014, the IMF projects an increase in oil production, which, coupled with steady non-oil growth, would yield an overall GDP growth rate of just over 4%. Curbing Energy Consumption Absent policy reforms, the IMF expects GCC do...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Iran: Rohani Slams Legacy
...mmitments this figure rises to some $133bn, he says. The country had entered a state of “stagflation” with year-to-year inflation in late September 2013 at 43%, but falling to 36% in the year to late October 2013. Mr Rohani is targeting a fall in the inflation rate to 35% by March 2014 and 25% by March 20...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
China Consolidates Its Position In The Iraqi Oil Sector
....33%. Production from the field is expected to average 1.45mn b/d in 2013, rising to 1.55mn b/d in 2014. The production plateau in the Rumaila contract is 2.85mn b/d sustainable for seven years. BP and CNPC have proposed three lower plateaus and longer periods, but negotiations have been in...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013