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QP: What’s Next?
...d the structural changes QP itself has undergone, one option for the company is to further develop the downstream domestic market. QP will have completed its planned petrochemical base when the $6.5bn, 15mn tons/year monoethylene glycol plant (QP 80%, Shell 20%) starts up in 2017. It could build mo...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
SEC Profits Up 20% In 2012
...ne in 2015. SEC is also working with partners on four independent power producer (IPP) projects: 1.2gw Rabigh-1 and 1.729gw Riyadh PP11 are due on line in 2013; 4.0gw Qurayyah is scheduled for 2014; and 1.81gw Rabigh-2 is slated for completion in 2017 (MEES, 18 January). SEC’s fifth planned IPP will be...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Where The Sun Shines
...els for power generation and an expected 26% demand increase by 2017 will reverse the trend. Political determination is required to fully tap into the region’s abundant solar resources. Under IHS’s moderate growth scenario, current political unrest and lack of policy will result in 23gw of added PV ca...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Qatar Changes PSAs to JVs, Invests In Al-Shaheen
...incorporated JVs where they invest in the venture directly.) Maersk expects to sign a JV heads of agreement with QP next year, in preparation for Maersk’s PSA expiry in 2017. US independent Occidental Petroleum (Oxy) is studying offshore Idd al-Shargi’s North Dome (97,000 b/d) and South Dome (8,...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
French President Promotes Total On UAE Visit
...vitation to prequalify to bid for the concession of Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2%. Its target is 1.8mn b/d of crude production capacity by 2017. ADCO’s concession expires on 11 January 2014. After th...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Oman Moves Forward With 200Mn Barrel Storage Hub
...e hub began last year and are now nearing completion, OTTCO project director Martijn Notten said, adding that work on the front end engineering and design (FEED) would begin only once contracts are agreed with the ministry. The terminal is set to be operational by 2017....
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
SEC Lines Up ACWA-Led Consortium For Rabigh-2 IPP
...day to 120gw by 2020 through a range of initiatives (MEES, 4 January). SEC will now begin negotiations with the ACWA-led group for a build-own-operate (BOO) development, with a view to reaching financial close by the end of March 2013. Project completion is slated for 2017. The consortium will own 50% of...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
UAE Misses 3Mn B/D Crude Target, Set To Become Net Gas Importer
...6mn b/d in December he told a forum in Abu Dhabi. He also revealed that the Hormuz bypass oil pipeline is delayed and admitted that the country is set to become a net gas importer – a sure sign that its gas crisis is deepening. Abu Dhabi is also unlikely to hit its 2017 target of 3.5mn b/d crude pr...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Challenges for Libya’s upstream sector
...ock C-17, Mabruk) 20 RWE 2017 NC-193 & NC-195, Sirte 30 Waha 2017+ North Gialo, Si...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Record Saudi Earnings Boost 2013 Budget Expenditure
...just accordingly, said Mr Reeve. “Current spending will remain reasonably strong, but capital spending will continue to be reined in,” he commented. Saudi economist Turki al-Huqail warned in a report published last month in Sharq al-Awsat that Saudi Arabia would need an oil price of $106/B by 2017 if th...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Gulf Refiners Set For Major Crude Distillation Capacity Boost
...sociated petrochemicals project is at an early stage, although a completion target of fourth quarter 2017 has been set for the refinery. The project is a joint venture of Oman Oil Company (OOC) and Abu Dhabi’s International Petroleum Investment Company (IPIC). It will be designed to process heavy crude, wi...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
MENA Power Generators Pushed Diversity In 2012
...E’s sourcing of fuel and technology from a number of countries with uranium resources and nuclear technology (MEES, 21 December 2012). Delivery of fuel will begin in 2014-15 for the first of four 1.4gw to be built at Barakah by Korea Electric Power Corporation (Kepco) and due on-line during 2017-20. La...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013