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Jordan Hit By Syrian Overspill, Moody’s Downgrades Two Notches
...12, compared to an average deficit of 4.6% of GDP over the period 2005 to 2008. But the ratings agency expects an improvement in the deficit in 2013 and 2014, which is to remain high at over 5% of GDP and is “highly dependent on a successful fiscal-consolidation strategy.” *An acceleration in...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
BP To Sign Gas Deal With Oman By September
...celerate Phase 2 to produce another 1bn cfd (MEES 16 April). Oman LNG, the country’s primary LNG producer – whose shareholders include Shell and Total – hopes to export more LNG after BP’s project hits full production. Oman LNG will have a clearer idea by 2014 on demand levels and possible ex...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Mubadala Restructures Energy Assets, Develops Thai Oil Field
...11 Mubadala Oil & Gas Buys a 20% stake in block 7, deepwater Tanzania, hoping to find gas. Tanzania is considering an LNG export plant. Mubadala plans to build an LNG import terminal by 2014. January 2012 Mubadala Oil & Ga...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Confusion Spreads Over Abu Dhabi Oil Fields Concession
...shore fields and expires in January 2014. State-owned Abu Dhabi National Oil Company (ADNOC) invited selected firms to apply for prequalification by July 15, but BP has not yet been invited (MEES, 9 July). Nick Wilson writes. ““They did not receive an invitation. They were not on the list,” AD...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
IMF Sees Good Growth Prospects For Libya
...ices are projected to fall from $114.70/B in 2012 to $110/B in 2013 and $102.80/B in 2014. At the same time reconstruction expenditure and the release of pent-up private demand should facilitate an improvement in non-hydrocarbon sectors. But the IMF warns that risks to the outlook include continued po...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
New US Sanctions Hit Iran, Upstream Sector Already Stressed
...e project, tells MEES that when Pakistan invited contractors to bid for EPC work it told them to provide the finance themselves. “There isn’t that kind of money available in Pakistan and sanctions aren’t helping, so it won’t be completed in 2014,” he says. MEES learns that Iranian engineers – kn...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Apache Takes Long Term View On Egypt
...12 and 2013 (from 165,000 boe/d for 2011). Output is slated to rebound strongly in 2014 and 2015 boosted by a hike in Apache’s Western Desert gas output with the start of production from the Hydra field and (in 2014) a major compression project at Apache’s key Qasr field. Delayed permit approvals ha...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
TransGlobe Completes South Alamein Purchase, Looks To Bid Round Awards
...rther “drillable exploration prospects” on the concession, based on 3-D seismic. The block’s exploration phase has entered its final two-year extension and expires in April 2014. The South Alamein and South Mariut purchases, together with TransGlobe’s 50% of the nearby East Ghazalat concession, ha...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Jordan Outlines Guidelines For National Energy Strategy
...e first half of 2014 at the Red Sea port of 'Aqaba and to modernize the oil terminal at the port. Mr Batayna went on to say that with the erratic supply of Egyptian gas to Jordan via the Arab Gas Pipeline, the government has decided to lease a vessel to store LNG for use by power ge...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
BP Not Yet Invited To Bid For Major Fields, Abu Dhabi Eyes Crude Boost
...E BP Not Yet Invited To Bid For Major Fields, Abu Dhabi Eyes Crude Boost BP has not yet been invited to prequalify to bid for Abu Dhabi’s major onshore oil fields that are run under the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession, which expires in January 2014. BP is a cu...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Kuwait’s Agility Wins $238Mn Gorgon Contract
...rvices for the project’s marine loading facility in Perth. In addition, the company won a two-year extension on an existing deal to provide both transportation and supply base services for the $36.8bn Gorgon project, scheduled for start-up in 2014. The extended term of the contract, according to Agility, wi...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Iraq Prepares To Launch GTL Project
...int venture between state-owned Qatar Petroleum (51%) and Sasol (49%) – has because of problems with its slurry bed and air separation units produced at a maximum of about 90% of its capacity. Sasol aims to debottleneck the plant to reach design capacity by 2014, and also plans to add further trains, ta...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Thin Exploration Returns Leave Libya Reliant On EOR-Fuelled Expansion
...d 72, awarded in 2003). BP, which has three deepwater areas further offshore from Hess and Repsol (Areas 37, 38 and 39) will be hoping to extend the region’s discoveries when it restarts drilling in 2013 or 2014 (MEES, 4 June). Although Hess’s exploration efforts have been moderately su...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Abu Dhabi Raises Crude Production Capacity Target
...t their targets. The Supreme Petroleum Council is to decide the future of ADCO’s concessions, which cover the emirate’s major onshore producing fields and which are due to expire in January 2014. More than 10 firms have been invited to prequalify by mid-July (MEES, 25 June). This will be the co...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
ADNOC To Boost Supplies To CNPC By 2014
...SUPPLY/DEMAND/UAE ADNOC To Boost Supplies To CNPC By 2014 Abu Dhabi National Oil Company (ADNOC) on 13 July signed a 20-year agreement with China National Petroleum Corporation (CNPC) to increase crude oil shipments to 200,000 b/d by 2014. ADNOC shipments to CNPC currently average le...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Power Failures Hit Kuwait
...neration capacity to 16gw by 2014-15, to 17-18gw by 2016 and to 27-30gw by 2030. Kuwait’s power demand is growing at approximately 7-10% per year. But Kuwait is short of gas and is importing LNG. It is studying with Japanese conglomerate Toyota Tsusho a proposal to build a $650mn, 1.25mw capacity In...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Fluor Clinches Dow/Saudi Aramco Jubail II Utilities Contract
...d the 1.3bn cfd Hasbah field – both due on stream in 2014. ...
Volume: 54Issue: 30Published at Mon, 25 Jul 2011 -
Iraqi Gas And Power Emerges As Critical Sector
...pital investment to kick-start the economy. Capital expenditure will grow to 40% of the budget in 2014 and 50% the following year, compared to 2011’s 31%, Mr Abadi predicts. However, any economic development will not work without electricity, the lack of which currently costs the Iraqi economy an es...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Iraq Needs To Triple Power Capacity To Meet Short Term Demand Growth
...soil then dry gas from Badra and Mansuria fields Taji 4x40 2011 40mn cfd Dry gas from NGC Akkaz 2x125 4x30 2014 105mn cfd Dry gas from Akkaz field Ba...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Consortium Signs Agreement To Build Sur, Oman’s Largest IPP
...hwan Engineering Group company) signed an agreement on 13 July with Oman Power and Water Procurement Company (OPWP) to build the Sur independent power project (IPP). At 2.0gw when fully commissioned in 2014, it will be the sultanate’s largest IPP. The $1.5bn project attracted strong interest and in Ju...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011