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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