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Leviathan: Stranded Between Low Prices And Anti-Netanyahu Backlash?
...te 2017,” Mr Davidson said (MEES, 2 May 2014). Mr Fisher now says the “timeframe from sanction to production” will be “anywhere from three to four years” – that is to say early next decade at best. Currently Tamar is Israel’s only producer with first phase capacity of 1.2bn cfd – production hit a re...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Sabic And Exxon Start First Saudi Elastomers Plant
...astomers capacity in 2016 or early 2017. The 50/50 Kemya JV was established between Sabic and ExxonMobil’s Exxon Chemical Arabia affiliate in 1980 and began producing polyethylene in 1984. Kemya currently produces 700,000 t/y of ethylene and 1.1mn t/y of polyethylene for sale in the domestic, regional an...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Bahrain Signals Start Of Sitra Refinery Expansion, Targets 2020 Start-Up
...finery. Bapco and Saudi Aramco awarded $300mn of EPC contracts for the pipeline recently, for completion in late 2017/early 2018 (MEES, 25 September). SITRA BY NUMBERS Sitra refinery currently receives crude through an ageing 230,000 b/d pipeline, which is due to be shut down in 2018, from Dhahran in...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Jordan Powers Ahead With Renewables Expansion
...mpany plans to add another HRSG on at the Samra plant, which will add 75MW of capacity by the end of 2017 without burning any more gas. SOLAR NEXT Tafila is Jordan’s first utility-scale renewables project, and is a milestone on the kingdom’s path to reduce its heavy reliance on imported oil and ga...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Prices Hit 11-Year Lows With No Sign Of A Reprieve
...Oil prices are testing lows not hit since early 2004. Amid increasingly bullish signs that Iranian output will ramp up sooner rather than later, a market rebalance may have to wait to 2017. The IEA, in its 11 December oil market report, revises down its ‘call on Opec’ forecast for the fo...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Egypt Secures $1bn Funding For Gas-Fired power, $500mn For Energy Reforms
...0mn to support “ongoing bold economic reform” and sustain economic growth. AfDB says this will be the first of three loans, with others to come in 2016 and 2017, under its Governance and Energy Support Project. AfDB says the project will target three critical areas of reform: increasing government re...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Egypt Scraps Plan To End Energy Subsidies
...2% in fiscal 2014-15, up from 2.2% in the previous year. Mr Isma’il says the government is targeting GDP growth of close to 6% and a reduction in the budget deficit to 8.5% by the end of the 2017-18 fiscal year. EGYPTIAN REVENUE AND SPENDING (E£ bn) FIGURES ARE FOR FINANCIAL YEARS ST...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015