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Kuwait Plans Big Downstream Strides, But Takes Small Steps
...velopment of a 200,000 b/d joint venture refinery in Vietnam, which is due onstream in 2017 (MEES, 2 August), and is assessing a number of similar prospects across Southeast Asia. Kuwaiti officials have held talks with China about a planned joint refinery, but negotiations have reached a standstill. Ho...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
DEWA Plans $1.9Bn 2014 Projects Spend, Eyes Coal And Solar
...pected to be operational in 2017 (MEES, 25 October). More controversially, given growing environmental concerns in the region, Dubai has switched the fuel for its planned Hassyan independent power producer (IPP) project away from gas. Instead it plans to build a 1.2GW coal-fired plant, with the first of tw...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
OPEC Gets Through The Year But Oversupply Threat Looms
...om 2017-2020 but of course it is not that big a quantity…. we don’t say we are not concerned...but when you see the decline rate [of shale] and see the markets sometimes where they have a shortage here and there. To me we welcome it and also we can accommodate it,” Mr Badri said. Relaxed On Iran, Ir...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Iraq Pencils In 3.4Mn B/D 2014 Exports But Lowers Output Targets
...ter injection to compensate for the pressure drop,” he says. The success of the seawater project is a main factor in determining whether the contracts will be extended beyond 2020 for Majnoon and beyond 2017 for Rumaila, he adds. Water Project To Be Ready In 2018 But the minister denies that th...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
UAE Says 3.5Mn B/D Capacity Target On Schedule
...UAE UAE Says 3.5Mn B/D Capacity Target On Schedule The UAE is sticking to its 3.5mn b/d 2017 capacity expansion target. It says stalled renewal of the ADCO concession that makes up close to half of current 3mn b/d capacity will not delay its ramp-up plans. UAE En...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Umm Lulu Moves Forward
...RB) and Nasr fields. ADMA-OPCO’s plans are key to hitting the Emirate’s 3.5mn b/d 2017 production target. Yet ADNOC’s target production has slipped to 2019-20 thanks, in large part, to delays at key offshore fields such as Upper Zakum (MEES, 21 June). Three-quarters of ADMA-OPCO’s production wi...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
QNB Optimistic On Qatar’s LNG Future
...troleum Exploration Company (Kufpec) – the overseas, upstream arm of Kuwait Petroleum Corporation (KPC) – has a 7% stake in the $29bn, 8.9mn t/y Chevron-led Wheatstone LNG project, set to come online in 2017 and later ramp up to 15mn t/y. QNB makes no mention of East Africa, where up to 80mn t/y – sl...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Sonatrach To Replace Skikda Plastics Complex
...trochemicals project would face competition for state funding from other downstream plans. Sonatrach recently started building a new refinery at Biskra, the first of four 100,000 b/d plants due onstream in 2017. The company has proposed building a petrochemicals plant alongside the Biskra refinery, which Mr Yo...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
SEC Awards Revised Rabigh-2 IPP Project
...nounced on 2 December that it had become the engineering, procurement and construction (EPC) contractor for Rabigh-2. The company valued the EPC contract at $1.2bn and said the 2.1GW combined-cycle gas turbine (CCGT) plant is expected to begin commercial operations in 2017. IPP Progress SEC’s IPP pr...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Alstom, Bemco Target Region With Saudi Generators Plant
...r 2017....
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Abu Dhabi’s 3.5Mn B/D Target Slips To 2019
... UAE Abu Dhabi’s 3.5Mn B/D Target Slips To 2019 By Nick Wilson Abu Dhabi is unlikely to hit its 2017 target of 3.5mn b/d crude production capacity until 2019 at the earliest, MEES learns. The delay is caused by: project slippage; a shortage of...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
UAE Signs Nuclear Deal With Russia
...pco) a $20bn contract in 2009 to build four 1.4gw nuclear plants at Barakah during 2017-20. Recently Kepco discovered that fake safety certificates had been issued for equipment installed throughout South Korea’s 23 existing nuclear plants, but has reassured the UAE that this will not affect its own pr...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Dana Gas Agrees $1Bn Sukuk Restructuring
...restricted to the company’s Egyptian and some UAE assets. Dana has the option to pay down the outstanding debt prior to the new maturity date of 31 October 2017. To proceed with the restructuring, Dana needs the consent of its shareholders, current Sukuk holders and regulatory au...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Eni Rocked By Algeria Corruption Probe
...June 2011). The Iraqi part of the investigations relates to Eni’s contract to spend $18bn raising production at the giant Zubair field from the current 270,000 b/d to 1.2mn b/d by 2017 (though there is likely to be some slippage on both volumes and date). Eni has maintained a code of si...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
‘Welcome Change’ In Qatar’s LNG Export Strategy, Says Fesharaki
...ndow of opportunity for Qatar’s LNG marketing efforts: “An expected buyer’s market was turned into a mild seller’s market very quickly and the market promises to become tighter. Still, by 2017 another buyer’s market is likely to emerge.” Qatar has normally sought long term contracts with cu...
Volume: 54Issue: 52Published at Mon, 26 Dec 2011 -
Chevron’s Neutral Zone Steam Injection Project To Cost $10-15Bn
...mping up steeply from first steam injection in 2017 to 100,000 b/d by mid-2019 and 300,000 b/d by end-2021, reaching full output in about 2026. This would plateau for two or three years before falling to 300,000 b/d by about 2040. Production from the Neutral Zone’s four onshore fields, South Umm Gu...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Final Phase In Battle Of The Caspian Gas Pipelines
...stern Thrace via Ukraine, Romania and Bulgaria. Ankara plans to make up for this loss by increasing its LNG imports to augment the flow of Russian gas via the Blue Stream pipeline until it can begin receiving the Shah Deniz Stage 2 gas in 2017. TANAP Twist The second of these developments was the an...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Despite Claim Of Breakthrough, Climate Change Conference Makes No Real Progress
...e conference could not agree to draw up a new pact for the governance of carbon dioxide emission and therefore agreed to extend the existing 1997 Kyoto Protocol – due to expire in 2012 – by a further five years, until 2017. The US never ratified the Kyoto Protocol because it did not include re...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Shah Deniz To Reach EU Gas Pipeline Decision By June 2012
...ogram. The Shah Deniz partners have said that the first Stage 2 gas will flow into Turkey in 2017, while the 10bcm/year capacity pipeline to Europe would be filled by 2019 at the latest. An apparent discrepancy between Mr Mammadyarov’s pronouncements and the consortium’s plans was addressed by Socar Pr...
Volume: 54Issue: 51Published at Mon, 19 Dec 2011 -
Gulf Arab Producers: We Can Guarantee Energy Security
...troleum (QP) to build a $6.4bn petrochemical plant to produce 1.5mn t/y of monoethylene glycol and 300,000 t/y of olefins (see page 17). If the final investment decision is taken the two firms will form a joint venture (Shell 20%, QP 80%) by the end of 2012 and start commissioning the plant in 2017. Qa...
Volume: 54Issue: 50Published at Mon, 12 Dec 2011