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Confusion Reigns As Iran Denies Russia Oil Deal Reports
...ssian state companies Gazprom and Zarubezhneft have also been keeping a close eye on proceedings, with the latter having a significant presence at Iran’s 2014 Oil and Gas Show in Tehran in May. Zarubezhneft became the first Russian oil company to be awarded a permit to operate in Iran in September last ye...
Volume: 56Issue: 32Published at Fri, 08 Aug 2014 -
Iraq Shake-Up: CNPC Enters West Qurna-1; Shell Slammed Over Majnoon
...ly and the 40,000-60,000 b/d first phase of Gazprom’s Badra oilfield now postponed to early 2014. The West Qurna-2 development led by Russian Lukoil is due to start up at the end of the year at an initial rate of 100,000 b/d, but MEES soundings suggest the timetable may slip to early next year be...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iran Gas Supply Deal Back On For Gas-Hungry Oman
...oduction from which, Iran says, could begin as early as March 2014 – although MEES views this timetable as rather unrealistic (MEES, 24 May). “We had a number of issues in the past about putting up a pipeline, but both countries are still very keen to see that project [be implemented],” Mr Rumhy sa...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iran Dusts Off Refineries Plan As Zanganeh Takes Charge
...rs gas field. State news agency IRNA says the first of the project’s three 120,000 b/d condensate splitters is two-thirds complete and scheduled to start up in 2014 (MEES, 15 March). NIORDC boss Alireza Zeighami says Tehran authorized the company to spend up to $5bn to speed up construction of...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Saudi Arabia Stems Domestic Oil Demand Growth
...of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand months, Saudi Aramco revealed. Al...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Orpic Tenders Liwa FEED As Oman Joins Middle East Plastics Boom
...increased propylene supply. Deliveries will be raised by 30,000 t/y to 80,000 t/y beginning 1 January 2014 as APC hikes PP output. 2013 Additions To Middle East Petrochemicals Projects Pipeline Operator(s) Location Start-Up...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Wind Power Dominates Near-Term MENA Renewables Projects Mix
...entified six potential sites for new wind farms in the Gulf of Suez area. It has invited companies to prequalify to develop 100MW projects. France’s GDF Suez is currently building Africa’s largest wind project, the 300MW Tarfaya wind farm in Morocco. This is due online at the end of 2014. Meanwhile, in Tu...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Uncertain Fundamentals Threaten To Ambush Projections
...OPEC Uncertain Fundamentals Threaten To Ambush Projections OPEC ministers will have to contend with a series of challenges when they meet in December as they contemplate the impact of soaring US-led non-OPEC oil production and an anticipated slump in demand for OPEC oil in 2014...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
SEC Head Resigns, Replacement To Come From Aramco
...ecutive of the state utility in October 2006, will step down from his post officially on 1 January 2014. SEC has already lined up his successor – Ziad bin Muhammad al-Shiha, currently Executive Director for Power Systems at state oil firm Saudi Aramco. Mr Barrak instigated a major expansion of ge...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Rohani Promises Iranians Better Days Ahead
...ES, 9 August). Iran’s real GDP fell 1.9% in 2012 and is projected to fall by a further 1.3% in 2013, before rising 1.1% in 2014, according to the IMF’s World Economic Outlook. Iranian Vice-President Ishaq Jahangiri has warned that about one-third of the Iranian budget for fiscal year ending on 20...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Bahrain GDP To Hit 5.6%
...l production from Abu Sa’fa due to maintenance. The non-hydrocarbon sector is expected to rise by 4.4% in 2013. For 2014 real GDP is projected to grow by 4.0%. Due to its modest hydrocarbons endowments, Bahrain had managed to diversify its economy between 2000 and 2012, according to the Ye...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Former Algerian Minister Latest Casualty In Widening Oil Corruption Scandal
...ans and repairs to the Skikda LNG plant damaged by an explosion in 2004 have been delayed while a new plant being built at Gassi Touil is behind schedule. Other projects on the backburner, include the Galsi pipeline project to Italy, which was due to be operational in 2014 but is now on hold du...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Qatar Nears Full GTL Output, Eyes Competitors’ Projects
...tput: “Most of the problems of reliability have been resolved to some extent,” an industry source tells MEES. But the debottlenecking – from tuning various parts, such as pumps – to boost capacity 10% by 2014 may slip back to early 2015, he said. The expansion will give a production capacity of 24...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Morocco Awards 2 Power Projects, Lines Up Solar Bidders
...cond in April 2014. TAQA recently secured $1.4bn in finance for the project (MEES, 8 February). Solar Prequalification The Moroccan Agency for Solar Energy (Masen) meanwhile announced it had prequalified a number of consortia to build the Noor-2 and Noor-3 concentrated solar power (CSP) pl...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
OPEC sees Tight Markets As Libyan Volumes Slump, Iraq Disappoints
...r world oil demand growth of 1.04mn b/d in 2014 were unchanged though MOMR adjusted the numbers in absolute terms to account for minor revisions in 2012 and 2013. Global oil demand for 2014 was estimated at 90.75mn b/d, up from the 90.68mn b/d projected in the previous MOMR. The MO...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
KRG Drilling Surges As Turkey Partners With ExxonMobil
...mestic sales. On the oil front, Genel was on course to boost Taq Taq capacity from around 140,000 b/d to 200,000 b/d by end 2014. Extended well tests at Miran and Bina Bawi of 3,000 b/d and 1,000 b/d respectively should lead to larger oil developments of 50,000 b/d each by end-2015. KRG oil ex...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Golar LNG To Supply FSRU Units To Jordan, Kuwait
...th Excelerate Energy, set to expire this year. Golar will send its 170,000 cubic meter Golar Igloo to Mina al-Ahmadi port and hydrocarbons hub in 4Q13 with operations to begin in March 2014. Kuwaiti state firm KNPC will use the FSRU to import LNG nine months per year but will allow Golar a three mo...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Algeria: Key Oilfields Hit By ‘Temporary’ Production Restrictions
...rk will likely last at least into 2014, according to Talisman’s regional Executive VP Paul Blakeley. Both were speaking on a 31 July conference call to mark the firm’s second quarter results. Restrictions also currently affect the 24,000 b/d Menzel Ledjmet North (MLN) field which lies wholly on Block 40...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Saudi Petchem Firms Target Specialized Markets
...bail 2014 50,000 t/y nylon 66 SABIC Jubail 2014 140,000 t/y ABS SABIC/Mitsubishi Rayon Jubail 2014 25...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Occidental: Uncertainty Continues Over Middle East Assets
...s really just been exposed to this in detail at one meeting, and so it will take a little while and we want to consult fully with them and weigh all the alternatives for them. But clearly some things are going ahead quickly.” He added he hopes to achieve this before he steps down as CEO in 2014...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013