- Sort by:
- Score
- Published ▼
-
Algeria: Sonatrach Re-Engages With IOCs In Race Against Upstream Decline
...geria as part of its wider company strategy, provided that it finds a willing bidder in the current environment. Repsol, which secured the Boughezoul block in partnership with Sonatrach last year, is not expected to start drilling before 2017. The block is located in the Atlas mountains in the north of...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
What Does 2016 Hold For The Eastern Mediterranean?
...velopment plan for Zohr while UK-firm BP will be preparing for the 2017 start-up of its $12bn, 5 tcf West Nile Delta (WND) project, which will start paving the way for Egypt to become energy independent by the turn of the decade. Cyprus and Israel hope Zohr and by association, Eni’s exploration model of ta...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Petchems To Dominate MENA 2016 Downstream After 2013-14 CDU Boost
...its during 2017-18. Egyptian state petchems firm Echem is also progressing a number of petrochemicals projects, including two which could potentially be completed in 2016: Ethydco Ethylene, a 460,000 t/y ethane cracker; and the 400,000 t/y Ethydco Polyethylene plant which will process most of the cr...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Key 2016 Power Start-Ups Oil & Gas-Fired Despite Increasing Renewable Focus
...me companies have also been contracted to build the 200MW Noor-2 and 150MW Noor-3 plants at the same location, for start-up in 2017. In Jordan, three solar photovoltaic (PV) plants are scheduled to start up at Ma’an: the Shams Ma’an joint venture is building a 52.5MW plant, while Norway’s Scatec So...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
OPEC Taps To Stay Open In 2016
...likely to realize considerable gains in 2016, as it prioritizes development of non-associated gas fields, and negating natural decline at existing oil fields. Meanwhile, the UAE will press ahead with plans to increase production capacity from current levels of around 3.2mn b/d to 3.5mn b/d by 2017, which co...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Iran Seeks To Reclaim Former Markets In 2016
...16, or a supply glut extending into 2017 (MEES, 18 December). Given Iran’s high natural decline rates of 8-10% per year and low recovery rates of 20-24%, any significant sustainable increase in crude production will require the investment and technical expertise of IOCs. Cognisant of this, Iran ha...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
NOCs To Drive Gulf 2016 Output Gains Despite Further Belt Tightening
...l in power plants (MEES, 23 October). The UAE, meanwhile, plans to increase production capacity from current levels of 3.2mn b/d to 3.5mn b/d by 2017. Much of the planned increase is slated to come from offshore fields. The country’s offshore currently produces around 1.25mn b/d of the UAE’s 2....
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Crunch Time For GCC Fiscal Reforms
...expected to hit 21% of GDP in 2015, but to narrow in 2016 and 2017, according to NBK. Oman has partially offset the drop in oil prices by boosting liquids production to record levels, hitting 1mn b/d in July. BAHRAIN Bahrain like Oman is also among the most vulnerable GCC countries to weak oi...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Qatar 2016 Budget: $13bn Deficit, The First In 15 Years
...rther fall in prices is in the works. As such the deficit is likely to substantially exceed the planning ministry’s estimate. The report sees oil and gas prices rising marginally in 2017 (see table), with Qatar running a second consecutive deficit of 3.7%. The QEO expects Real GDP growth 3.7% in 20...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Leviathan: Stranded Between Low Prices And Anti-Netanyahu Backlash?
...te 2017,” Mr Davidson said (MEES, 2 May 2014). Mr Fisher now says the “timeframe from sanction to production” will be “anywhere from three to four years” – that is to say early next decade at best. Currently Tamar is Israel’s only producer with first phase capacity of 1.2bn cfd – production hit a re...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Sabic And Exxon Start First Saudi Elastomers Plant
...astomers capacity in 2016 or early 2017. The 50/50 Kemya JV was established between Sabic and ExxonMobil’s Exxon Chemical Arabia affiliate in 1980 and began producing polyethylene in 1984. Kemya currently produces 700,000 t/y of ethylene and 1.1mn t/y of polyethylene for sale in the domestic, regional an...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Bahrain Signals Start Of Sitra Refinery Expansion, Targets 2020 Start-Up
...finery. Bapco and Saudi Aramco awarded $300mn of EPC contracts for the pipeline recently, for completion in late 2017/early 2018 (MEES, 25 September). SITRA BY NUMBERS Sitra refinery currently receives crude through an ageing 230,000 b/d pipeline, which is due to be shut down in 2018, from Dhahran in...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Jordan Powers Ahead With Renewables Expansion
...mpany plans to add another HRSG on at the Samra plant, which will add 75MW of capacity by the end of 2017 without burning any more gas. SOLAR NEXT Tafila is Jordan’s first utility-scale renewables project, and is a milestone on the kingdom’s path to reduce its heavy reliance on imported oil and ga...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Prices Hit 11-Year Lows With No Sign Of A Reprieve
...Oil prices are testing lows not hit since early 2004. Amid increasingly bullish signs that Iranian output will ramp up sooner rather than later, a market rebalance may have to wait to 2017. The IEA, in its 11 December oil market report, revises down its ‘call on Opec’ forecast for the fo...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Egypt Secures $1bn Funding For Gas-Fired power, $500mn For Energy Reforms
...0mn to support “ongoing bold economic reform” and sustain economic growth. AfDB says this will be the first of three loans, with others to come in 2016 and 2017, under its Governance and Energy Support Project. AfDB says the project will target three critical areas of reform: increasing government re...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Egypt Scraps Plan To End Energy Subsidies
...2% in fiscal 2014-15, up from 2.2% in the previous year. Mr Isma’il says the government is targeting GDP growth of close to 6% and a reduction in the budget deficit to 8.5% by the end of the 2017-18 fiscal year. EGYPTIAN REVENUE AND SPENDING (E£ bn) FIGURES ARE FOR FINANCIAL YEARS ST...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
BP Finalizes WND Purchase
...the second key element, alongside Eni’s 23 tcf Zohr development, in Egyptian plans to boost gas output towards the end of the decade. WND is slated for H1 2017 start up, ramping up to 600mn cfd by the end of the year and 1.2bn cfd – the equivalent of more than a quarter of Egypt’s current 4.3bn cf...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
Bahrain LNG Plans
...er 9% up on 2014 and not far short of total capacity of 4GW. All Bahrain’s power plants burn gas. Earlier this year Bahrain announced a plan to add 1.5GW of generating capacity from 2017 at the Al Dur power and desalination plant. This week aluminum producer Alba also announced a plan to build a 1.35GW pl...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
Algeria Looks May Trim Refining Plan Further As Reduced Export Revenues Bite
...finery plan, with both initially due for 2017 start-up, to be followed by similarly sized projects at Ghardaia and Hassi Messaoud. Sonatrach started civil works at Biskra in 2012 and officially launched the project in 2013, saying it would finalize deals with contractors by year-end. But the construction de...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015 -
Oman To Invest Up To $4bn In E&P Despite Cash Shortage
...tput would come from. Going forward the firm’s key output boost will come from its 40% stake in the BP-operated $16bn, 1bn cfd Khazzan tight gas project which is due to come online in 2017. The UK firm said earlier this year it would boost the number of rigs it has operating at Khazzan from six to 11...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015