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Israel-Egypt Gas Flows Top 1bn Cfd For November, Helping Cairo Cut LNG Imports
...pplement gas, domestic output of which fell to a seven-year low 4.494bn cfd according to latest oil ministry stats (MEES, 6 December). Egypt burned an eight-year high 214,000 b/d of fuel oil in August and while it has dipped since, October’s 188,000 b/d was the highest for the month since 2014 (see ch...
Volume: 67Issue: 51/52Published at Fri, 20 Dec 2024 -
Saudi Crude Burn Tumbles In October
...cord 10.7bn cfd on 6 August 2020 (MEES, 6 November). When it comes to crude burn in particular, Saudi levels have remained well below record highs. While they did soar well above recent levels over summer, at 702,000 b/d in August the annual peak remained well below 2014-15 levels (see ch...
Volume: 63Issue: 51Published at Fri, 18 Dec 2020 -
Riyadh Set To Push For Saudi Power Privatization In 2018
...rkets to fund capital programs. Most recently SEC secured a $1.75bn international syndicated loan, taking to $36.2bn the total of outside funding raised since 2007 – including a $13.2bn ‘soft loan’ from the Ministry of Finance. SEC’s lending was highest during 2014-16, with $3.7bn raised in both 2014 an...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Iraq Adds Upgrades To Gas-Fired Plans, Keeping Pressure On Rising Supplies
...ard further upgrading projects, given that only 16.91GW of existing capacity is operable out of an installed capacity of 26.15GW. Yet despite the strain on Iraq’s gas resources, gas turbine plants are expected to provide up to 56% of Iraq’s electricity this year, up from 47% in 2014 (see tables). On...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Coal: Dubai Starts Work On 2.4GW Plant, Part Of 21GW Mena Expansion
...these and other western-dominated multilateral institutions which now refuse to fund coal-fired power (MEES, 11 July 2014), leaving funding increasingly in the hands of Asian state lenders, above all China. Acwa and Harbin are required to secure coal supplies for Hassyan 1. Besides the power pl...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Egypt Bidding: Top Players Apache, Shell Expand Western Desert Acreage
...ken blocks near or adjacent to their existing acreage in the region while Apex has used the knowledge of founder and CEO Robert Plank, who stepped down as CEO of Apache in 2014 and Thomas Maher former VP of Apache’s Egypt operations in taking the Southeast Meleiha and West Badr El Din blocks which bo...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Oil-Poor Arab States Get Multilateral Finance Boost For Renewables
...ectricity from renewables. EBRD and IFC began investing in energy projects in Egypt, Jordan, Morocco and Tunisia as part of the IMF’s ‘Arab Countries in Transition Program’ which followed the 2011 ‘Arab Spring.’ This targeted these four countries plus Yemen and Libya (MEES, 24 October 2014). At the re...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Saudi State Generator Taps $3bn Korean Funding, Eyes Large ISCC Project
...ectricity demand.” Saudi power demand has risen by 7-8%/year in recent years, Mr Shiha notes, adding that the kingdom’s peak electricity demand in 2015 surged to a new record of 62.2GW, which was about 6GW higher than the peak demand level of 2014. GLOBAL RECORD This year’s peak demand growth of ov...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
Morocco Diversifies Power Sources
...s started up in June 2014. Tarfaya is Africa’s largest wind farm to date, comprising 131 turbines of 2.3MW capacity each. The farm is expected to achieve a load factor of 45%, high for a wind project. GDZ Suez says Tarfaya will contribute significantly to Morocco’s target of having 42% of in...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Data Special: 2014 On Target For Record Gulf Oil Burn
...Data Special: 2014 On Target For Record Gulf Oil Burn Crude Oil Burn: Saudi Arabia, Kuwait Set To Hit Record This Year (‘000 B/D) Fuel Oil Consumption: Saudi Arabia Set For Record (‘000 B/D) Total^ Gulf Oil Burn To Hit 1.5mn B/D For 2015 (‘000 B/D)...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Turkey Advances First Nuclear Plant, Eyes New 4.4GW Project
...nd 2014 Kavakli 52 Wind 2014 Bakras* 23 Wind 2014 Samsun 600 Ga...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Algeria Awards $4Bn EPC Contracts For Six CCGT Plants
...time to help meet summer 2014 peak demand. Renewables Plans Sonelgaz’s SKTM renewables subsidiary has also awarded China’s Yingli Solar a contract to design and install 233MW of solar photovoltaic (PV) capacity at four separate sites, with construction expected to begin in January 2018 and to...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
DEWA Plans $1.9Bn 2014 Projects Spend, Eyes Coal And Solar
...UAE DEWA Plans $1.9Bn 2014 Projects Spend, Eyes Coal And Solar Dubai Electricity and Water Authority (DEWA) has announced a total budget of Dh20.56bn ($5.55bn) for 2014, of which more than one third is intended for spending on capacity expansion projects and equipment pu...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
SEC Awards Revised Rabigh-2 IPP Project
...bruary). SEC has appointed Germany’s Fichtner as consultant for the Dhuba-1 ISCC, which it expected to start up in 2017. Dhuba-2 is still envisaged as an HFO-fired plant, with start-up planned for 2018. ACWA and Samsung are already building SEC’s 3.93GW Qurayyah IPP, which is due online in 2014. Qu...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
UAE Signs Nuclear Deal With Russia
...ntract between Emirates Nuclear Energy Corporation (ENEC) and Russia’s Tenex for the UAE’s first nuclear power plant at Barakah. In August ENEC awarded nuclear fuel contracts worth a combined $3bn to six international firms. Beginning in 2014-15, Canada’s Uranium One and UK’s Rio Tinto will provide na...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
SWCC Awards Yanbu’ 3 Power Plant As Capacity Expansion Takes Shape
...at 55% of work had been done on the Ras al-Zour power and desalination project, for which contracts worth a combined SR15.7bn ($4.2bn) were awarded in November 2010. He said that electricity generation at Ras al-Zour was scheduled to start in April 2013, while desalination would begin in 2014. The Ra...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
Aramco Prepares To Enter Saudi Power Market
...ll scale procurement of up to 3gw. “KACARE recognizes that first projects will be pioneers – the objective is quality, utility-scale plants, rather than a fixed megawatt target,” he said. The next two phases – bidding for the first round will start in 2014 – could take the total to 6....
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
Qatar Launches Solar Program To Conserve North Field
...to its depletion is completed in 2014. Furthermore, Qatar faces a 10% drop in its associated gas production as crude output falls. Doha also has another interest in renewables – economic diversification. The Qatar Foundation’s joint venture Qatar Solar Technologies (QSTec), is building a $1b...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012