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Wintershall Set To Explore Shuweihat As IOCs Help Abu Dhabi Boost Gas Production
...til 2015 (MEES, 1 March). ADNOC insists that the project is on track for start-up in 2014....
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
US Mulls Further Tightening Of Iran Sanctions Screw
...e calling for restraint until the new administration signals its intentions on Iran’s disputed nuclear program. This latest legislation passing through the US House of Representatives and Senate would effectively blacklist the country’s mining and construction sectors – effective January 2014...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Abu Dhabi: Onshore Pumps 1.5Mn B/D, Investing $40Bn
...y through a five-year, $40bn plan to lift hydrocarbons output, including oil, gas, petrochemical and refining plants, said Muhammad al-Suwaidi, head of the ADNOC gas directorate. ADNOC hopes to complete a 417,000 b/d, $9.6bn new refinery at Ruwais in 2014, and gas developments account fo...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Aramco Rigs To Hit 200 By End-14, But Drilling Delayed
...rther. Aramco will use 170 rigs by end of this year or early 2014, Paal Kibsgaard, CEO of services giant Schlumberger told a 19 July investors’ conference call to mark the firm’s 2Q13 results. Schlumberger and Saudi independent consultant Husseini Energy have upgraded Aramco’s need from respective es...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Bahrain LNG Import Plans
...commendations, by the end of 2013 and to award the contract in early 2014. This comes after reports earlier this year that Nogaholding, NOGA’s investment arm, was set to award a license to build a $500mn-plus 500mn cfd LNG import terminal. NOGA was negotiating a Build-Own-Operate LNG import terminal an...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Sipchem-Hanwha EVA/Molds JV
...ternational Diol Company (IDC) affiliate’s 75,000 t/y butanediol plant in Jubail. Work is expected to improve the plant’s efficiency and reliability and is scheduled for completion in the fourth quarter of 2014. On 17 July Sipchem announced its 2Q13 financial results, with increased profits being at...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
OPWP Sets Out Development Priorities, Reports 2012 Progress
...ceived approval to proceed with the 42mn gal/day (190,000 cmd) Al Ghubrah IWP, with a view to commercial operation in October 2014. Meanwhile, OPWP engaged US consulting firm NERA to help develop a strategic plan for the future expiry of power and water purchase agreements. The first of OPWP’s existing co...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Jordan Bags $500mn Aid
...ported that the US government is to increase its annual economic assistance to Jordan by $340mn as of 2014, raising total US financial aid to the kingdom to $1bn/year. Jordan currently receives $360mn in financial aid and $300mn in military aid. Petra added that the US Congress is expected to ap...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Oryx Aims For 200KBD
...anned appraisal wells, scheduled for late 2013-early 2014, could add to this and the firm has identified three further prospects. Drilling has begun on two of these: the AAS-1 well on the Ain al-Safra prospect spudded on 10 June and the Zeg-1 well spudded in late April. Oryx, which recently listed in To...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Baghdad And Kurds Choose Different Power Paths
...rbine 292 1x292MW Q1 2014 Delayed from Sep 2013 Salah Al-Din 2,274 Salah Al-Di...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
IDA: New Desalination Technologies Need Time
...e pilot program in early 2014. “The emphasis in the pilot program is not on the energy source but on new desalination technologies,” says Dr Sommariva. “The breakthrough technologies will be coupled to an energy source later. We will work with the new desalination technologies to give the lo...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Lebanon Struggles To Plug Power Shortage
...rmeister & Wain is currently undertaking a €270mn contract to add 194mw of generating capacity at the Zouk power plant and 78mw at Jiyyeh, both near Beirut. They are scheduled to be handed over to EDL in 2014, running initially on diesel and converting later to gas-fired operation when planned gas in...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Qatar GDP Growth Projected At 6.5% In 2013
... QATAR Qatar GDP Growth Projected At 6.5% In 2013 Qatar’s GDP growth is expected to accelerate during the remainder of 2013 to reach 6.5% for the full year and 6.8% in 2014, supported by large infrastructure investments and associated population growth, according to th...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
China Crisis Would Threaten Saudi Economy
...udi GDP undershooting by 0.3-0.4% one year hence, according to the IMF’s findings. The IMF itself was predicting 8.1% 2013 GDP growth for China – and 8.3% for 2014 – as recently as its April World Economic outlook; by the time of the 9 July update these figures had been slashed to 7.8% and 7.7% re...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Oman Oil Marketing Plans Duqm Bunkering.
...ncluded sometime in 2014. Duqm, a special economic zone receiving heavy oil and gas sector investment, is located roughly halfway between Salalah and Musqat on the Arabian Sea coast. OOMCO has been serving bunker fuel needs at Oman’s Sohar Industrial Port since 2010 in partnership with Germany’s Ma...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Saudi Firms Award Butanol And Polyacetal Plant Contracts
...,000 t/y of iso-butanol. Project Schedules Saudi Kayan said construction of the butanol plant – which will be the world’s largest and first in the Middle East (MEES, 4 January) – would begin in January 2014, with project completion anticipated in May 2015: “It is scheduled to start its trial ru...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
OPEC Sees Fall In 2014 Call on Its Crude
... OPEC OPEC Sees Fall In 2014 Call on Its Crude Strong non-OPEC supply growth means demand for OPEC crude will actually contract by around 250,000 b/d next year despite world oil demand growth rebounding to its highest growth rate in four years, the producer group says in...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Law Change Hands Power, Oil Revenues To Iraq’s Provinces
...,000 b/d by end 2014. Babil province’s West Kifl field, and Karbala’s Kifl and Merjan fields have been a particular area of interest. In January 2010, UK independent San Leon announced it had signed a deal with Karbala governorate for the blocks, offered in Iraq’s December 2009 second upstream bi...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Gulf States Finalize Rescue Package For Egypt
...Cairo. Ankara was not only supportive of Mr Mursi but (more so than Qatar), Turkey’s Prime Minister Erdogan has been highly critical of his ouster. More Cash Needed Egypt badly needs between $14-19bn in external financing in the fiscal year to June 2014, analysts of the Egyptian sc...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Juba Looks To Develop Oil Sector As Khartoum Revokes Oil Threat
...finery in August, and a second one in early 2014. The first of these refineries – a 5,000 b/d ‘mini-refinery’ in Bentiu in Unity state – is being built by Russian firm Safinat Caspian Oil Refining Company, which signed a memorandum of understanding with Juba in December last year. The se...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013