1. 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: 55
    Issue: 18
    Published at Mon, 30 Apr 2012
  2. 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: 55
    Issue: 17
    Published at Mon, 23 Apr 2012
  3. 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: 55
    Issue: 17
    Published at Mon, 23 Apr 2012
  4. 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: 55
    Issue: 16
    Published at Mon, 16 Apr 2012
  5. 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: 55
    Issue: 16
    Published at Mon, 16 Apr 2012
  6. 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: 55
    Issue: 15
    Published at Mon, 09 Apr 2012
  7. 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: 55
    Issue: 15
    Published at Mon, 09 Apr 2012
  8. 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: 55
    Issue: 14
    Published at Mon, 02 Apr 2012
  9. 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: 55
    Issue: 14
    Published at Mon, 02 Apr 2012
  10. 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: 55
    Issue: 14
    Published at Mon, 02 Apr 2012