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Iraq Shake-Up: CNPC Enters West Qurna-1; Shell Slammed Over Majnoon
...tronas were awarded the 20-year service contract for further development of the Majnoon oil field in January 2010, when they submitted a winning bid to raise output from a baseline of 46,000 b/d to a plateau of 1.8mn b/d by 2017 for a remuneration fee of $1.39/B. The contract came into effect in March 20...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Qatar Faces Challenging, Rapidly Changing, LNG Market
...mn t/y by 2020 – allowing for slippage on the 61.8mn t/y under construction due onstream by 2017. The next plant to start up comes onstream in 2015. North American shale gas production poses a long-term threat to Qatari dominance. Three US LNG projects totaling 5.6bn cfd of gas production ca...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Orpic Tenders Liwa FEED As Oman Joins Middle East Plastics Boom
...,000 t/y iso-butanol SABIC/Celanese Jubail, Saudi Arabia 2016 50,000 t/y polyacetal QP/Shell Ras Laffan, Qatar (Al-Karaana) 2017 1....
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Qatar Nears Full GTL Output, Eyes Competitors’ Projects
...,000 2014 $9.5bn Chevron (75%) NNPC (25%) Uzbekistan GTL Uzbekistan 33,000 2017-18 $4bn Sasol (44.5%), Malaysia’s Petronas (11...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
SEC Awards Shuqaiq Power Plant To Hyundai
...atement to the Saudi Stock Exchange, SEC said work on the project would begin immediately, with commissioning scheduled to begin in November 2016 and commercial operation to start in January 2017. Hyundai said the Shuqaiq plant will incorporate the supercritical pressure technology being used in th...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013 -
Kuwait’s New Oil Minister To Push Through ‘Mega’ Projects
...ogress Lower Fars heavy crude, Ratga fields 270 2017 2030 Delayed Neutral Zone Wafra field, heavy crude $10-15bn 500 (Kuwait 25...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Kuwait Fast Tracks Refinery Projects
...madi – a fifth NGL fractionation train – is expected to tender for construction contracts in 3-6 months. “Muhammad al-Mutairi is really pushing the fifth train,” the contractor says. Capacity will be 105,000 b/d of LPG and condensate and 800mn cfd of ethane and natural gas. For 2017, when the fifth train is...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Orpic: Plastic Expansion
...,000 b/d of condensate) Khazzan-Makarem tight gas field project starts up. The project will set a new price range the government is prepared to pay gas producers to attract upstream investment. It is due to start up in the first half of 2017....
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Iraq’s National Energy Strategy: Oil And Gas Output, Diversification and Employment
...oduction capacity, and in all newly offered technical service deals in Iraq, contracted plateaus determine production capacity after 2017. Table 1: Iraqi Oil Production Scenarios (Mn B/D) INES IEA-Iraq NDP 20...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Chevron’s Neutral Zone Steam Injection Pushed to 2020
...gin in the 1Q16, he adds. This would push back a final investment decision (FID) until the start of 2017 at the earliest. The project has slipped by at least three years (MEES, 25 October 2010). Mr Shammari says Chevron will inject its first steam as part of the main phase of its steam in...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Germany’s RWE Faces Challenging Sale Of North African Assets
...60%, RWE 40%) and West Mediterranean (BP 80%, RWE 20%) deep water concessions. RWE is committed to spending $3.6bn. But the project has been subject to chronic delays. RWE’s latest presentation material indicates that start-up will not be before the end of 2017. Instead of moving forward with the pr...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Twilight Looms For OPEC’s Golden Age
...ll narrow dangerously; the country could slip into a budget deficit by 2017, according to the latest IMF projections (see graph 3). Saudi officials argue that trends will not continue. New efficiency standards are being rolled out and Riyadh is actively pursuing solar development. A National Energy Ef...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Kuwait JV Awards Foster Wheeler Vietnam Refinery PMC
...nstruction contractor (EPC) consortium through to the completion of performance testing.” Foster Wheeler carried out front end engineering for the project under a contract awarded in July 2008. Total investment will be $9bn with commercial operations due to begin in 2017, Foster Wheeler says. The plant will ha...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
Algeria: 8.4GW Boost
...ccessful bidders bring the gas turbines online in open cycle mode before summer 2015, with the installation of heat recovery steam generators to enable combined cycle operation to be completed by summer 2017. Mr Boutarfa – currently under investigation with 15 other Sonelgaz managers for alleged co...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013 -
UAE Growth To Slow-IMF
...ll on 30 July. However oil GDP growth is expected to recover to 3.1% in 2015 before falling to around 1.8% in 2017-18, according to projections made earlier by the IMF (MEES, 28 June). Mega-Project Risk Looking ahead, Mr Finger points to a number of risks to future growth. Fi...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013