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Is Morocco’s Offshore Boom Over Before It Began?
...nference call. “We are very focused on maturing our Morocco… licenses for 2016 and 2017 drilling,” he adds. However with the firm’s first well offshore Morocco – last April’s FA-1 well in 600ms water depth on the Foum Assaka block offshore Agadir – “fail[ing] to find hydrocarbons in commercial qu...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
EGPC Outlay On Refinery Upgrades To Top $17Bn
...pansion Alexandria 60 2017 Alexandria Exp. Alexandria 100 na Sukhna Ain Sukhna 240 20...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Dubai Picks ACWA For Solar Expansion, Plans 200MW
...rldwide.” Phase 2 will deploy solar photovoltaic (PV) technology and be operational by April 2017. DEWA’s solar park will have total capacity of 1GW when completed in 2030. The first phase of the park, a 13MW solar PV plant, was built by US firm First Solar and connected to the grid in October 2013 (MEES, 25...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Total Snags Stake In New UAE Onshore Concession
...rrent production. ADNOC has had long term plans to increase production capacity of the Adco fields to 1.8mn b/d in 2017, as part of overall plans to raise its total output capacity to 3.5mn b/d by the end of the decade, from 2.9mn b/d currently. Further increments are to come from offshore fields bu...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Iraq Pledges Higher Oil Exports Despite Market Pressure
...r production capacity of 8.5-9mn b/d by 2017, having already lowered its sights from the initial target of over 13mn b/d when the first oil auction was launched at end 2009. Mr ‘Abd al-Mahdi said after meeting Turkish Energy Minister Taner Yildiz in Baghdad, that SOMO would export 375,000 b/d th...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Oman’s Abu Tabul Gas Starts Up
...eded short-term gas supplies, ahead of the planned 2017 launch of the 1bn cfd Khazzan tight gas project on Block 61. Despite overseeing a significant hike in gas output over the past decade, Oman faces a mounting domestic gas shortage, in the face of rampant domestic demand from the power, water de...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Saudi Capacity Tops 2.9mn B/D As Yasref Ships First Products
....5 Sinopec Total Capacity 2,905 Jazan 400 2017 100 En...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Egypt Plans 20GW Of Extra Coal Plants, 4.3GW Renewables
...esel ^2015 Suez EEHC 650 Oil 2016 Damietta West* EEHC 250 Gas 2017...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
OPEC Puts Russia On The Spot, Again
...rol, said during the same panel discussion in Davos that oil and gas upstream investment in 2015 is expected to decline by around $100bn, or by 15%, with a big chunk coming from the high cost areas. This, he says, will have implications, maybe not immediately, but in 2016 and 2017 should demand pick up an...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
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