1. 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 “There is a realization in the gas sector that gas prices of seven, eight, nine years ago are no longer valid.”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: 55
    Issue: 30
    Published at Mon, 23 Jul 2012
  2. 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: 55
    Issue: 29
    Published at Mon, 16 Jul 2012
  3. 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: 55
    Issue: 27
    Published at Mon, 02 Jul 2012
  4. 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: 55
    Issue: 27
    Published at Mon, 02 Jul 2012
  5. 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: 53
    Issue: 29
    Published at Mon, 19 Jul 2010
  6. 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: 53
    Issue: 28
    Published at Mon, 12 Jul 2010