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Kuwait: Oil Minister Reappointed, Refinery Plans Advance, Petrofac In Gas Talks
...ES. Earlier in the year KNPC was citing 2017 as the target for completion, although acting oil minister Hani Husain is understood to have recently said it will be ready by 2018-19. Kuwait aims to build a new 615,000 b/d refinery at al-Zour. In parallel it will develop the Clean Fuels Pr...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Oman Starts Reducing Gas Subsidies
...id. “There is a realization in the gas sector that gas prices of seven, eight, nine years ago are no longer valid.” BP aims to produce 1bn cfd of gas and 20,000 b/d of condensate by end-2016/early 2017 from its $15bn Khazzan/Makarem tight gas project (MEES 16 April). It will take a final in...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Investors Flock To $4bn Qatar Sukuk
...23 2 174.1 /155 3.24 3.241 November 2011 Bond Issue Jan 2017 2 225/184 3.18 3.125 Jan 20...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
New US Sanctions Hit Iran, Upstream Sector Already Stressed
...owing of the Pakistani problems – are not pushing the project and it is unlikely to be completed by 2017. Russia is in talks to provide technical and financial help to the $1.7bn project. The US is pressuring Pakistan to use the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline instead. ...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Apache Takes Long Term View On Egypt
...GA adds in its detailed review of the OPIC/Apache application. The latest reinsurance comes on top of $3mn Apache raised through an April bond placement. Of this $400mn (at 1.75%) is due in 2017, $1.1bn (at 3.25%) in 2022 and $1.5bn (at 4.75%) in 2043. The bulk of funds will be used for “general co...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Gulf Keystone Expects Oil-In-Place Boost At Iraq’s Shaikan Field
...e ultimate development target is 400,000-500,000 b/d. One source tells MEES this is scheduled for 2017, which looks ambitious, but another source says 200,000 b/d is more likely by this date. However, all these targets are moot given that KRG production is currently held-in due to a dispute with Ba...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Iraq Prepares To Launch GTL Project
...d-2013 for a 2017-18 start-up. Canadian upstream firm Talisman Energy and Sasol expect to complete a feasibility study into a 48,000 b/d or 96,000 b/d GTL plant in Alberta, Western Canada this summer. The FEED will finish 24 months later and then a final investment decision (FID) will be taken. Sa...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
OOC And IPIC To Launch Duqm Refinery Joint Venture
...termined to put all necessary efforts to see the project is successfully commissioned in 2017,” IPIC Managing Director Khadim 'Abd Allah al-Qubaisi said. Both OOC and IPIC have said they expect to prequalify engineering firms for the project by end-2012. The complex was initially intended for a 20...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Abu Dhabi Raises Crude Production Capacity Target
...stainable output. State-owned Abu Dhabi National Oil Company (ADNOC) – which provides the bulk of the nation’s output – uses a more conservative definition of annual average output. It had previously stated its target as 3.5mn b/d production capacity by 2017. Most of Abu Dhabi’s producing oil fi...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Iraqi Gas And Power Emerges As Critical Sector
...frastructure and drawing up priorities. Even with approval of the deal, treated gas supply of around 5bn cfd will only meet demand to around 2017-18, Mr Ghadhban concedes. He estimates cabinet approval should only take one-two weeks, although consultant Asri Mousa, one of the deal’s architects, believes it co...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
Kuwait Jurassic Gas: Kharafi Seeks Finance, Shell Faces Second Probe
...wer plants during peak power demand. The fractionation train – the refinery’s fifth – will have a capacity of 105,000 b/d of LPG and condensate, and 800mn cfd of ethane and natural gas. It is scheduled for start-up in 2017. The fourth train, of the same size and configuration, will be built by 20...
Volume: 54Issue: 29Published at Mon, 18 Jul 2011 -
A Realistic Outlook For Iraq's Oil Production In 2030
...e contracts concluded between the Iraqi Ministry of Petroleum and international oil companies, Iraq’s crude oil production is supposed to increase from 2.5mn b/d in 2010 to approximately 12mn b/d in 2017. However, projections by international energy agencies are underestimated. The following are so...
Volume: 54Issue: 27Published at Mon, 04 Jul 2011 -
Iraqi Oil Fields Development: Profiles Of Production, Depletion And Revenue
...melines and production targets, their total production capacity would reach a peck of 11.815mn b/d, sustained for the six consecutive years 2017-22. For each oil field, annual production over the 20 years of the contract period was calculated according to the plateau production period (PPP) and their re...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Jordan-US Nuclear Energy Talks Going Smoothly, Officials Say
...d its completion “a long way off”, according to JNRC, though a site has been selected – at Aqaba – with a GDF Suez spokesperson noting in May that it could be ready to begin operations by 2017. Jordan has already awarded a $132.6mn contract to a Korean consortium led by Daewoo for the construction of...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Kepco Awards $4Bn Contract To Doosan For Main Facilities At UAE Nuclear Plants
...ing developed independently by Korean firms, and based on a design first introduced in the 1980s. The plants are scheduled to be completed in phases beginning in 2017, and represent South Korea’s first successful attempt to export its nuclear reactor technology....
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
Agencies Rate Oman LNG’s $175Mn Commercial Bank Facility
...G’s existing $1.3bn commercial bank facility due 2017, of which $1.20bn is outstanding. Several key factors support S&P’s view that the additional debt and Oman LNG’s investment in QLNG are not detrimental to the A- rating, said the agency: “no cash flow from QLNG is assumed for Oman LNG’s ability to...
Volume: 47Issue: 30Published at Mon, 26 Jul 2004 -
Canada’s Heavy Oil Not A Threat To Middle East Producers, Says FACTS
...udy: “In the reference case, current production of 1mn b/d will rise to 2.2mn b/d by 2017. That is an addition of less than 100,000 b/d per annum. The reference case is based on WTI at $25/B and a natural gas price of $4.25/mn BTU. In the reference case the 1.2mn b/d of increase by 2017 will be di...
Volume: 47Issue: 27Published at Mon, 05 Jul 2004 -
First Gas Flows From Newly Completed Western Desert Gas Development
...om 12 tcf in 1992 to nearly 40 tcf today. Egypt痴 domestic demand is projected to rise from the current level of 1.8bn cfd to nearly 5bn cfd by the year 2017 (MEES, 28 June). In addition to the Western Desert, three big development projects consisting of five fields in the offshore Mediterranean are se...
Volume: 42Issue: 30Published at Mon, 26 Jul 1999