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Engineering Firms Wait On West Qurna-2 Contract Award
...oject has been hard going, with demining, relations with local communities and negotiations with the joint operating committee all proving significant challenges, MEES understands. The West Qurna-2 development aims to hit its 1.8mn b/d plateau target by 2017. Statoil (15%) and state-owned North Oil Co...
Volume: 54Issue: 49Published at Mon, 05 Dec 2011 -
BSF Says Saudi State Expenditure Increasing Breakeven Oil Price
...vernment spending, the breakeven price of oil could rise to $98/B by 2017,” the report asserts. Saudi Breakeven Oil Price Rises Rapidly Source: SAMA, Banque Saudi Fransi forecasts. Nominal GDP figures released by the government for 1H10, meanwhile, have indicated strong growth in the non-oil pr...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Union Railway Awards Consultancy And Preliminary Engineering Contracts
...ance’s Systra has won the project management consultancy contract for the UAE’s $11bn Union Railway project. The initiative, which is due for completion in 2017, will see the emirates linked by 1,500km of freight and passenger rail networks. It will form an integral part of the planned pan-Arab Union Ra...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
DEWA’s Ratings Constrained By Debt, Helped By Central Role In Dubai
...an, which involves addressing a $2.2bn loan maturity by April next year, he explained. DEWA continues to execute an ambitious investment plan which is expected to add 15.5gw of additional generation capacity by 2017. Its rating is also a function of the close ties – operationally, strategically an...
Volume: 51Issue: 49Published at Mon, 08 Dec 2008