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Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...IC) expect to prequalify engineering firms by year-end for the planned $5-10bn, 200,000-300,000 b/d Duqm refinery and petrochemical complex, allowing start-up in 2017. State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) expects to award construction contracts to expand it...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Shahristani Eyes Extended Iraq Production Plateau Durations
...perts, realistic) revision to Iraq’s official 7-8mn b/d figure (MEES, 13 June 2011). Currently foreign operators have committed to maintaining plateau production for between seven and 13 years, with the plateau volumes to be reached by 2017. The critical Round 1 mega-developments – the 2....
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
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 -
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 -
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 -
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