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Abu Dhabi Burns More Crude And Gasoil To Meet Power Challenge
...abi’s program to inject carbon dioxide from up to 17 power stations and industrial plants into its oil fields, releasing reinjection gas. The CO2 output of a 1gw gas-fired plant could replace some 80mn cfd of natural gas. But its earliest start up would be 2017 (MEES, 2 April), and Abu Dhabi has yet to se...
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Oman Relies On PDO And BP To Meet Gas Challenge
...OMAN Oman Relies On PDO And BP To Meet Gas Challenge Oman is building gas-fueled power plants to meet demand that is rising at 7-8% per year. Before BP’s 1bn cfd tight gas project starts up at the end of 2016/early 2017 – which has slipped six months – Oman will rely heavily on Sh...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Kuwait Gives Optimistic Start-Up Dates For Asia-Pacific Refineries
...KUWAIT Kuwait Gives Optimistic Start-Up Dates For Asia-Pacific Refineries Kuwait’s joint venture refinery-petrochemical plants in China and Indonesia will start-up in 2015 and 2017 respectively, state-owned Kuwait Petroleum International (KPI) chief Husain Isma'il said on 10 April. An...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Lebanon’s $950Mn Eurobond Oversubscribed
...Lebanon Lebanon’s $950Mn Eurobond Oversubscribed The Lebanese Ministry of Finance last week put together a $950mn Eurobond issue, consisting of two tranches – $600mn maturing on 12 October 2017 with a yield of 5% and $350mn maturing on 27 April 2026 with a yield of 6.4%. The issue, wh...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Development Of Joint Tunisian-Libyan Discovery On Hold
...quids). Sonde says the field could produce “tens of thousands of boe per day by 2017-18”. In addition Sonde says that four further prospects on the block indicate a potential total of 1.4bn barrels and 5 trillion cu ft respectively of oil and gas in place. Sonde, which operates the JO block, has ha...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Kurds Warn Over Oil Payment, Kirkuk Field Rehabilitation
...xonMobil’s exit from leadership of the Common Sea Water Supply Project, bringing together ExxonMobil, Lukoil, BP and Eni-led upstream projects, has pushed a 4.2mn b/d phase one of this critical project back from 2015 to 2017 and maybe further, sources say (MEES, 26 March). Delays in implementing the Common Se...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
SEC Sees Orders Of $18Bn For Debut International Sukuk
...ars are priced at 195 basis points (bps) over benchmark 10-year mid swaps (equating to 200.8 bps over 2017 US treasuries) and the five-year at 140 bps over mid swaps (163.5 bps over 2022 US treasuries). These tightened 15-20 bps from initial guidance. The coupon on the five-year sukuk is 2.665% and on th...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Greece-Cyprus-Israel Energy MOU Postponed Indefinitely
...e export “on a non-exclusive basis” of 2-3mn tons/year of LNG starting in 2017. MEES understands that the joint development of Cypriot and Israeli blocks is as yet undecided, since the Cypriot government would prefer to export its gas to European and not Asian destinations, despite the fa...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Socar Offers BP Option To Explore For Further Gas In Shah Deniz And ACG Fields
...gotiations are in their final stage. The investment amount and other details are under discussion right now.” He noted that ACG’s deep gas reserves are estimated at 200-250 bcm and that Socar was looking for production to begin as early as 2017, first from Chirag and Guneshli and then from Azeri. He ad...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Qatar’s $5Bn Barzan Project Financing Moving Ahead
...ve been awarded and progress has been made on the financing plan further big delays are not expected, although a slip to 2015 would not be problematic, given that Qatar has a gas surplus up to 2017 and does not need new North Field supply (MEES, 13 December 2010). Barzan is a two-train project an...
Volume: 54Issue: 17Published at Mon, 25 Apr 2011 -
Levant Basin Gas Potential Shows Upside For Israel, Companies Involved, Says UBS
...2017 and that “tighter market conditions towards 2015, and the inclination of European and Asian buyers to diversify their supply base should help to secure supply agreements.” For monetizing Leviathan, the bank said it views a gas pipeline through Turkey (such as those planned as part of th...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Moody’s Upgrades DP World Ratings To Baa3
...5bn sukuk issued by DP World Sukuk Limited, which is due in 2017. All ratings have a stable outlook. “The rating action reflects Moody’s view that the company has achieved credit metrics that are commensurate with a higher rating category and are likely to be maintained over the medium term,” said Fr...
Volume: 54Issue: 16Published at Mon, 18 Apr 2011 -
Kuwait Eyes Permanent LNG Facilities As Politics Holds Up $90Bn Energy Plan
...the Dorra offshore field in the Neutral Zone between Saudi Arabia and Kuwait, which share production. It could give Kuwait 500mn cfd in 2017, if Kuwait’s previous plans stay on schedule. The gas crisis could ease by 2020 when gas production capacity will be 3.5bn cfd. If KPC’s upstream di...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Al-Janabi Sheds Light On Allawi Policies
...ey really be achieved in accordance with the schedule set for them providing Iraq with a production capacity of 12mn b/d by 2017? How will Iraq deal with OPEC in implementing such a fast-track increase in production-capacity? A: We are talking about policies, strategy, a step-by-step approach, and ca...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Ukraine Gets Russian Gas Reprieve With Amendments To Gas Supply Agreement
...e to expire in 2017, but now in place until 2042. Sevastopol, on the Crimean peninsula, is a strategic location for Russia’s presence in the Black Sea. Ukrainians in opposition to Mr Yanukovich have criticized the deal, including former Prime Minister Yulia Tymoshenko, who brokered the current gas ag...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Korean Consortium Wins Jordan Nuclear Research Reactor Contract
...er a number of firms from Argentina, China and Russia. Construction will begin later this year near the city of Irbid, 70km north of 'Amman, with the reactor expected to be commissioned within five years and a nuclear power plant built by 2017, according to official news agency Petra. Work will involve th...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Shell Calls For Iraq’s Gas Potential To Be Unlocked
...e AGP was designed to take 10 bcm/y, current volumes are pegged at around 4bcm/y. On the oil side in Iraq, Shell (with Petronas) won the Majnoon field contract. With reserves of 38bn barrels of oil, the contract calls for production capacity to be hiked to 1.8mn b/d by 2017. It is expected to cl...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
Demand Growth Has Changed Radically, Says Fesharaki
...ar before October 2006. However, if prices go much higher, price controls are likely to be reimposed. China can be a potential exporter or importer on a very small scale, depending on her demand growth. India is planning to add nearly 1.8mn b/d of capacity between 2007 and 2017. In co...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
Italy Cancels $40.4mn Of Jordan’s Debt
...reement between the two countries signed on 22 June 2000 (MEES, 3 July 2000). As a result, Jordan’s debt installments to Italy due until 2017 have been cancelled. The amount of debt cancelled corresponds to the disbursements made by the Jordanian Government in 2001 for financing a number of social and ec...
Volume: 46Issue: 17Published at Mon, 28 Apr 2003