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MENA Youth Unemployment Chronic-ILO
...nkings out to 2017, according to the ILO’s projections (see graph). The ILO blames “tepid” MENA economic growth of 2.6% for 2014, due to “difficult political transitions, security challenges and rising regional conflicts,” for the lack of jobs. Though the ILO projects that growth will edge up to 3.8% fo...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Egypt To Tap Bond Market
...tional Bank of Egypt announced earlier in the week that it is lending E£3bn ($416mn) to the Egyptian government to help finance the 1.95GW South Helwan Power project, due to start up in 2017, and an upgrade of the 650MW power plant at Assiut operated by EEHC. Egypt has ambitious plans to more than double it...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Decision on UAE Onshore Concession Imminent
...ich are set to produce 1.8mn b/d before the end of the decade under a long-existing expansion plan. In all, the UAE plans to expand its production capacity to 3.5mn b/d by 2017 from 2.8mn b/d currently. The commercial terms are far from ideal — Adnoc has raised its per barrel remuneration to $2.85 fr...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Afren Slashes Kurdish Reserves, Shares Tumble
...peline, rising to 125,000 boe/d by 2017. It is not yet clear whether Afren’s latest troubles will put off potential suitor Seplat Petroleum Development of Nigeria, which in December declared its interest in acquiring Afren, or whether the fall in the company’s value will make it a more attractive pr...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Morocco In 350MW Solar Awards As Part Of Diversity Plan
...chnology and will have an installed capacity of 200MW. Noor 3 will comprise a central CSP tower and an array of heliostats, with total output capacity of 150MW. Noor 2 and Noor 3 are scheduled to start up in 2017, while Noor 1 is due online this year. Masen says that Noor 2 and Noor 3 will be de...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Qatar Shelves $6.5bn Al-Karaana Project, QP Rethinking Ethane Usage
...%) and Qapco (20%), which is itself owned by IQ (80%) and France’s Total (20%). No details of the new downstream project have yet been released. The Al-Karaana ethylene glycol complex had been scheduled to start up in 2017, and Al-Sejeel polymers production in 2018. Qatar’s current petrochemicals ca...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Oman Adding Musandam Gas-Fired Capacity
...ofar governorate, where Raeco currently operates 19 diesel plants with a combined capacity of 68.5MW, the company plans to build a 50MW wind farm at Harwheel. The $200mn project to install 15-25 turbines was awarded to UAE renewables firm Masdar with a view to start-up in 2017 (MEES, 17 October 2014)....
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Kuwait Petchems Expansion Moves Slowly Despite Equate PE Boost
...efins 3 feedstock options include ethane, along with some refinery off-gases and propane, in combination with naphtha and condensate. PIC sees the main target market for Olefins 3 products as Asia, with further sales anticipated in the Middle East and Europe. PIC had proposed Olefins 3 start-up in 2017...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
Saudi Arabia In 550MW Turbines Award; 2014’s 8.2GW Start-Ups Hike Output
...-Khair (MEES, 2 January). PP12’s eight 7F.05 units are among 20 ordered earlier by SEC from GE. Twelve more will be delivered shortly for installation in the PP13 and PP14 plants, due online in 2017. Major power developments under way and planned in Saudi Arabia by end-2018 have combined ca...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
Cairo Begins To Restore Faith In Its Oil And Gas Sector
...oject, as well as 8-9mn barrels of condensate and 450,000 tons of LPG. Peak “incremental daily production” of 160mn cfd (27,000 boe/d) and 5,600 b/d condensate is expected to occur in 2017, the firm says. This implies that Dana’s total Egyptian output will by then top 70,000 boe/d. BG RECEIVABLES BA...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
New Gulf Petchems Start-Ups In Shadow Of Aramco Mega-Projects
...tsubishi Jubail, S Arabia 2017 250 MMA, 40 PMMA QP/Shell (Al-Karaana) Ras Laffan, Qatar 2017 1,500 MEG, 300 linear a-olefins SABIC Ju...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
MENA Power Survey: Generators Seek Fuel Diversity; Capacity Up 3.4% To 370GW
...rbine (CCGT) plant. However, the gas squeeze has forced the UAE to pursue nuclear power, renewables and also coal. Central to the UAE’s planning are four 1.4GW nuclear reactors being built at Barakah in Abu Dhabi for start-up at a rate of one per year during 2017-20. Ras al-Khaimah’s Utico is building a 27...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
ExxonMobil Mum On Abu Dhabi Onshore Plans
...re qualified to bid for the onshore license, where production is set to rise to 1.8mn b/d by 2017. ...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
BP Lays Out Eastern Shift In Global Gas Demand
...rket eastward. In fact, BP sees the US as a net gas exporter as early as 2017. Shale gas production will be one of the key global energy trends through 2035. In the US, shale gas production will likely more than double by 2035 – to 65bn cfd, which will account for 70% of total US gas production. Fo...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
UAE Plans For Long-Term Gas Imports With North American Investment
...rminal in Fujairah. This will be capable of handling 1.2bn cfd of gas from 2016 or 2017 (MEES, 15 November 2013). It already has a floating regasification unit at Jebel Ali in Dubai. “There is a logic to... diversifying the sources and to have a contribution from the US and Canada,” Mr Mazru’i says. “We...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Abu Dhabi Faces Power Crunch
...ruggle to meet demand in Abu Dhabi and the UAE’s Northern Emirates, when electricity usage spikes during the hot summer months that year. Nuclear Delay? Significant additions to power generation capacity will not materialize before 2017 at the earliest, when the first of four 1.4GW nuclear re...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Turkey Power Projects Pipeline Seeks To Maintain Fuel Balance
....92GW Additions By 2017 4.40GW Total 2017 62.32GW Source: MEES. *Capacity Expansion,** Possibly Rising To 7gw. † First Plant....
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Force Majeure A Reminder Of Risks For Energy Producers In Egypt
...vernment in December announced it would pay back $1.5bn of the roughly $6bn it owed international oil companies (IOCs) in unpaid receipts, vowing to repay a further $3bn in instalments by 2017. It has also pledged to improve the terms for offshore gas developments. In the final days of 2013, state-ow...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Qatar Expands Overseas Ambitions With Brazil Deepwater Deal
...ar and will ramp up to 140,000 b/d by 2017. Excitement Abroad, Dull At Home At home, Qatar does not appear set to end the moratorium on new developments at the North Field over the medium term. Its growth strategy now appears to have shifted abroad, where it will augment the success of its so...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Gas The Priority For Iran’s New Oil Team
...an’s oil production, which, given the age of many of its key fields, is reliant on ever-increasing volumes of re-injected natural gas to maintain output. Five By 2017 A more likely scenario envisages the five phases in question to be complete by mid to late 2017. Sour gas production from Ph...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014