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Oman Lays Out Plan For 30% Renewables By 2030
...an is driven primarily by the residential and economic sectors. Residential demand is simply a function of a growing population and urbanization requiring more electricity. Government data show residential consumption rose by 67% from 2014 to 42.2TWh in 2024. Like the rest of the Gulf, the majority of...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Saudi Efforts To Cut Oil Burn Take Backwards Step In 2022
...atistics (see p19 for full data) show a counter-seasonal increase in oil burn (crude and fuel oil) to 1.083mn b/d in December. This marked the second consecutive monthly rise, with December’s burn the highest on record for the month (see chart 2). The previous December record of 1.021mn b/d was set in 2014...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Abu Dhabi Power Sector’s Gas Needs Dwindle
...ergy plants” (MEES, 20 January). As a result, thermal power plants generated just 71.5TWh in 2022, the lowest annual figure since 2014’s 70.6TWh. Moreover, upgrades to this fleet of power plants means that more electricity can be generated with less gas than in 2014. Gas consumption dropped to an 11...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Upstream Gains Drive Taqa Revenue Boost
...venue gains came from Taqa’s smallest segment – the upstream sector. Upstream revenues jumped by 77% year-on-year to $2.02bn as the oil market rapidly recovered from 2020’s Covid-hit lows. Indeed, after dropping to 13-year lows in 2020 they bounced back to hit the $2bn mark for the first time since 2014...
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
Tunisia Draws Record Power From Algeria In 2021
...WER SUPPLY JUMPS TO ALL TIME HIGH ON RECORD IMPORTS FROM ALGERIA (TWH) *TUNISIA EXPORTED NEGLIGIBLE AMOUNTS TO ALGERIA IN 2011, 2014 AND 2015. IT ALSO EXPORTS POWER TO LIBYA WHICH CAME IN AT 649GWH IN 2020 AND 62GWH IN 2021. SOURCE: STEG, ENERGY MINISTRY, MEES CALCULATIONS. 2: TU...
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
Iraq Mulls Power Sell-Offs Amid Cash Crunch, Pre-Election Rivalry
...rliamentary elections planned in October. Kar’s most prominent role is as operator of the 160,000 b/d Khurmala Dome of the Kirkuk field in Iraq’s autonomous Kurdistan region. It also contentiously operated Kirkuk’s Avana Dome and the nearby Bai Hassan field between 2014 and 2017 until federal forces re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
Saudi Renewables Plan: More Answers, More Questions
...e new loan takes SEC’s total lending to $47bn since July 2007. It is also SEC’s largest loan from the finance market, although the company’s biggest loan to date was a $13.2bn ‘soft loan’ from the Ministry of Finance in March 2014. SEC’s previous agreement was a $2.15bn revolving credit facility ai...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Iraq’s Contentious Politicking Stymies Critical Electricity Ministry Reform
...mpany’s (BGC: South Gas Company 51%, Shell 44%, Mitsubishi 5%) progress on the gas front will help ameliorate fuel supply concerns. Power shortages had long been a perennial problem for Iraq. And then, as Mr Khatteeb notes, the Islamic State insurgency took another 4.5GW off the grid from 2014. Stalled pr...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
‘We Have Very Little Time’: MEES Sits Down With Iraq’s Electricity Minister
...eld in western Iraq where the company [Korea’s Kogas] declared force majeure (MEES, 20 June 2014). The last thing we want to do is build a power station with no fuel supply. Another delayed project in Salahuddin held back 1.2GW. All these projects require about 18 months to complete, and would th...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Dewa Awards Gas-Fired Power Project
...tensive LNG export commitments – around 90% goes to Japan, which took 4.68mn tons in 2017 down from 4.99mn t in 2016 and a record 5.70mn t in 2014 (see chart, MEES, 16 February). This means that the UAE only achieves gas balance by importing 1.7bn cfd via the Dolphin pipeline from Qatar to Abu Dhabi as...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Iraq’s Crude Burn Falls From Peak As Generators Exploit Alternative Fuels
...NERATION (MW) Plant type 2014 2015 2016 2017 Steam turbine 3,...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Algeria’s Sonelgaz Eyes Foreign Loans To Bridge $10bn Funding Gap
...st year was slightly down on the AD600bn ($5.59bn) invested in 2014, he adds. The Algerian government plans to increase electricity and gas prices this year, Mr Boutarfa says. At risk of triggering political protests, government’s latest finance law includes plans to reduce subsidies by raising fo...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Saudi Power Sector Needs $130bn Over 10 Years, Efficiency Targeted
...vel. Mr Husain told a conference in Riyadh this week that Saudi electricity demand reached a new high of 62.26GW in summer 2015, which was 10% up on 56.55GW recorded in 2014. While a 45% demand hike over eight years is high in global terms, it is still modest compared with a 64% increase over 2008-15 (se...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
MENA Nuclear Program Expanding, But Some Preliminary Schedules Sliding
...rst nuclear reactor before 2029. Saudi Arabia, meanwhile, with plans for 16 reactors with combined capacity of 18GW to be brought online during 2022-32, has only recently announced its progress in preparing the required legislation for nuclear development (MEES, 10 October 2014). MENA NUCLEAR PO...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Turkey Plans To Double Renewables Capacity By 2023
...omoting clean coal technology. However, Turkey currently has 12.5GW of coal-fired capacity and is developing a 510MW coal-fired plant at Soma. Ankara also has two preliminary agreements for a further 8.32GW of coal-fired capacity (MEES, 19 December 2014). TURKISH POWER GENERATION OUTLOOK BY TE...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Hyundai Awards Subcontracts For Abu Dhabi’s Mirfa
...rfa IWPP project in Abu Dhabi. Hyundai E&C, Hyundai Engineering and Italy’s Ansaldo are building the plant for Mirfa IWPP partners Abu Dhabi Water and Electricity Company (ADWEC) and France’s GDF Suez, under a $988mn EPC contract (MEES, 11 July 2014). Atkins will provide civil design review an...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
UAE Targets Improved Efficiency ‘Throughout Electricity Value Chain’
...r capita energy consumption among the highest in the world, the emirates’ Ministry of Energy has set a target of improving energy efficiency by 30% by 2030 (MEES, 26 September 2014). Abu Dhabi-based Masdar Institute of Science and Technology and US electrical engineering giant GE have produced a wh...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Iran Starts Work On Qeshm Power/Desal Plant
...01-04, before the onset of sanctions over Tehran’s nuclear program. Mapna recently started work on a 1GW gas-fired plant at Zanjan (MEES, 17 October 2014). Iran’s power generation capacity reached 70.03GW at the end of 2014, of which 70% is gas-fired. This requires an estimated 10.5bn cfd of gas fu...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
Algerian Electricity: Ambitious Plans Vs Tricky Reality
...e state obliged to recapitalize these companies regularly.” Despite the constraint on earnings, Mr Boutarfa says that investment in generating capacity, transmission and distribution will enable Sonelgaz to “pass easily” anticipated 2014 peak summer demand of 12.5GW. Sonelgaz says Algerian ge...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Oman Shake-Up Eyes Spot Generator Market By 2017
...nsultants in early 2014 to develop the spot market rules and related arrangements: “A consultation phase, involving all interested stakeholders, is envisaged later in 2014.” Transition OPWP aims to conduct its first tender for power plants to be operated under the new terms in 2016-17. The next te...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014