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Algeria Refining And Petchems: Ambitious Vision, Feedstock A Big Concern
...nder for the new refineries at Biskra and Tiaret with a view to a 2017 start-up. However, Sonatrach has yet to award front-end engineering and design (FEED) and project management consultancy contracts for either. Meanwhile, Sonatrach planning director Lamine Ouis told last week’s North African Oil an...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Oman Advances Downstream Projects
...pelines and terminal are expected to be operational in the first half of 2017. The MSPP will carry up to 93,000 b/d of products between Orpic’s Mina al-Fahal refinery near Muscat, the Sohar refinery, a storage terminal at Jifnain and Muscat International Airport. The system will include 290km of re...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
MENA Coal Plans Supported By ‘Unrealistically Low’ Electricity Prices
...ty Utico/Shanghai Elec. 0.27 2016 1.28 Morocco Jerada Sepco III 0.32 2017 1.51 Tu...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
OPEC’S Choice: Low Prices Now, Or Low Prices & Low Output Later-Naimi
...mmodities Research said on 15 December that a move below $60/B is not sustainable in the long run “as it would place considerable strain on the cost curve of the unconventional supply system required to meet demand requirements in 2016 and 2017.” Its analysts expect Brent to average $67/B in the first half of...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Abu Dhabi Advances Upstream Projects Despite Mounting Cost Pressure
...8mn b/d target. Meanwhile, the Zakum Development Company (Zadco) is moving forward with plans to boost production at the offshore Upper Zakum field by some 200,000 b/d to 750,000 b/d by 2017. Adnoc holds a 68% stake in Zadco, while ExxonMobil and Japan Oil Development Company (Jodco) hold 28% and 12%, re...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Repsol To Boost Algeria, KRG Presence With Talisman Purchase
...wnstream operations in Oman, Egypt, Algeria and Morocco. Looking ahead, Repsol says that its 29.25% stake in the Reggane Nord project in Algeria, which will see first gas in 2017, will net the firm about 14,000 boe/d as it looks to expand its global footprint. Repsol has just two exploration blocks in Ir...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
GCC Ratings Under Pressure From Oil Price Slide
...st $80/B in 2015-17, compared with a slow decline to $95/B in 2017 in the firm’s previous forecast. In a report issued on 1 July S&P noted that key Gulf producers would find themselves in a complicated fiscal position if oil prices turned south – which indeed they did, just weeks after S&P pu...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Turkey Advances First Nuclear Plant, Eyes New 4.4GW Project
...actor in 2017. Japan’s Mitsubishi Heavy Industries (MHI) and Itochu Corporation and France’s GDF Suez and Areva were awarded a contract last year to build four 1.1GW nuclear plants at Sinop, with the first scheduled for start-up in 2023 (MEES, 10 May 2013). Long-Term Needs Turkey’s 9.2GW of ap...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Turkey Bags More CCGT Funding, Russia Pledges Gas
...the plant in 2017 (MEES, 7 November). EBRD says it will provide a loan of $250mn, comprising $200mn from its own account and $50mn syndicated to Banque Saudi Fransi. The latter is also providing parallel financing of $100mn under a murabaha Islamic financial instrument, says EBRD. The Wo...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014