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Iran Plans Major Gas Storage Expansion To Face Winter Shortages
...orasan Razavi. The latter province borders Turkmenistan and Afghanistan (see map). Fully commissioned in 2014, the two facilities receive gas via pipeline from processing plants in summer, when demand is relatively low, injecting volumes into their reservoirs. Gas is then withdrawn in winter and sent vi...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Qatar Petroleum Targets Transformation, Embargo Or No Embargo
...rth Dome gas field (MEES, 7 April) – Mr Kaabi’s moniker was earned for his role in the moratorium on development of the field enacted in 2005 (MEES, 19 September 2014). He then in July, less than a month into the embargo, unveiled a plan to double the size of the planned expansion, boosting Qa...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Qatar Revives Plan For New Petchems Capacity
...The revelation by QP chief executive Saad Sherida al-Kaabi of plans for a new “world scale” petrochemicals project in Qatar (see p14) represents an about-turn after the company ditched plans for a major polyolefins project in 3Q 2014 and a large ethylene glycol project in early 2015. Mr Ka...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Israel Gas: Will Relaxing Regulations Spur Development?
...sues are hardly a new thing for Israel’s gas industry. The writing has been on the wall since 2014 when Australian LNG experts Woodside pulled out of a $2bn deal to take a 25% stake in Leviathan citing regulatory uncertainty (MEES, 23 May 2014). Israel’s offshore was subsequently closed for bu...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Energean: Karish, Tanin Go-Ahead Imminent
...th an IPO also under consideration, according to a 13 November Reuters article. US firm Noble operates Israel’s only producing gas field, Tamar, as well as the under-development Leviathan field. Noble and partner Delek were forced to sell off Karish and Tanin as part of a 2014 anti-trust ru...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Kuwait Targets Heavy Oil Reserves With Eye On Future
...arted up a second pilot plant a month ago to test the same techniques in the south of the field; its initial pilot facility remains operational. KOC plans to ramp up Ratqa production here to 270,000 b/d by 2030. The Lower Fars reservoir of Umm Niqa was only discovered in 2014, but production began th...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Iran Launches New Contracts Ahead Of Opec Meet
...ximize recovery rates at fields (MEES, 13 November). The much-delayed launch of the IPC finally materialized on 28-29 November in Tehran. Initially planned to be launched in London in April 2014, the process has been inextricably linked to the nuclear negotiations with the P5+1, which were extended on...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
KRG: More Payments Needed To Unlock Investment
...4mn/month for July-September, far below the $1bn monthly payments the KRG had been expecting to receive from the Iraqi federal government under a December 2014 agreement. Federal payments peaked at $432mn in March. So far this year the KRG has received a total of $1.987bn from Baghdad for oil exports ac...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Baghdad, KRG: Peace In Our Time?
...eak-even oil price of $105/B to balance its 2014 budget. The draft 2015 budget, expected to show a deficit, is being revised to include a lower price assumption nearer $70/B, Iraqi politicians say. Iraq’s federal government and the Kurdistan Regional Government (KRG) ended years of discord over re...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Iran’s Upstream Opening Stalls On Nuclear Extension
...r our colleagues at the Foreign Ministry to deal with,” he added, referring to Tehran’s nuclear negotiating team, led by Foreign Minister Mohammad Javad Zarif, and his deputy Abbas Araqchi. $100bn Pause Iran, the ministry said in early 2014, is looking to attract upwards of $100bn in oil se...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Egypt Promises $1.5Bn Receivables Payout
...June 2014), the ministry said in a statement. The minister made waves last week when he spoke in favor of higher prices for gas produced in Egypt. The current gas price of a mere $2.65/mn BTU is the biggest stumbling block to further exploration and production by IOCs, and effectively renders un...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Iraq Pencils In 3.4Mn B/D 2014 Exports But Lowers Output Targets
...IRAQ Iraq Pencils In 3.4Mn B/D 2014 Exports But Lowers Output Targets Iraq is aiming for average oil exports of 3.4mn b/d in 2014, including 400,000 b/d from the KRG. This would translate into a rise in Iraqi production to 3.7-3.75mn b/d assuming no further details to fi...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Algeria Drums Up Interest Ahead Of Bid Round
...ALGERIA Algeria Drums Up Interest Ahead Of Bid Round Algeria is preparing a bid round for early 2014. A global roadshow concluded last month shows Algiers is intent on improving the appeal of its hydrocarbon sector to international oil companies. State oil co...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
UAE Says 3.5Mn B/D Capacity Target On Schedule
...NOC is running this process and we have confidence in that,” he said though he declined to say how much of a delay he expected beyond the 10 January expiry of the 70-year concession. “The concession ends in 2014 and obviously there will be a delay. The delay will not impact us at all. The company wi...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
South Tunisia Gas Development Pushed Back
...the block was dry. Gulfsands says it plans to drill a further well in 2014. On Kerkouane a commitment well is slated to be drilled “prior to February 2014,” Gulfsands says. ADX is in the process of further reducing its remaining 30% Chorbane stake signing a 28 November letter of intent to...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Baghdad Sets Road Show Date
...velopment project. Lukoil is hoping to start ramping up a 200,000 b/d Phase 1 of the 1.8mn b/d project at the end of 2013. Field capacity could eventually rise to hit 400,000 b/d by 2014. But sometime that year, this project, and others, are likely to “hit a wall,” sources say, unless significant efforts ar...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Aramco Awards Contracts To Maintain Production Capacity
...fshore oil field – has been producing since the early 1950s and has reserves of 35bn barrels. The work will be finished by end 2014 and includes a tie-in platform and auxiliary platforms. Engineering firms bidding for the work include Houston-based McDermott and Italy’s Saipem under their existing Long Te...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012