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Egypt Awards Siemens €8bn, 16.4GW Powergen Deal
...ll also build a rotor blade manufacturing plant at Ain Sukhna, for start-up in the second half of 2017. Siemens says the orders expand on the memorandums of understanding (MOUs) announced at the Egypt Economic Development Conference in Sharm El Sheikh in March. The original MOUs were for 6.4GW of ca...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
...cluding Saudi Aramco, which is under pressure to cut costs. “What I observe is that there has not been a single big project announced in six months. The engineering companies are starting to worry. They already have projects locked up to 2017 so they don’t want to cut their charges. They are trying to re...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Algeria Ploughs On With Failed Policies
...ports, but we will also increase our capacity to supply the domestic market. If the market recovers and we get good value for our hydrocarbons then we are here to supply.” In a keynote speech delivered by Mr Demmak to the WGC on 2 June he said that Algeria “will be able to export 65 bcm in 2017 and th...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
OPEC’s Market Strategy Shrinks Spare Capacity
...immediate rise in production capacity. If anything, a dispute between Kuwait and Saudi Arabia over the Neutral Zone has taken more than 500,000 b/d of capacity off markets and volumes are not expected to be restored from the 300,000 b/d offshore Khafji oil field until 2017 at the earliest, MEES un...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
QNB Optimistic LNG Market Will Continue To Favor Qatar
...16 US Sabine Pass Train 4 4.5 Cheniere 2017 Australia Wheatstone LNG Train 2 4.5 Chevron, Kufpec, others 2017...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Mideast Refining Capacity Boost Underscores Growing ‘Hub’ Role- IEA
...minent deadline will be hit. Mideast Cdu Capacity (Mn B/D) Middle East Crude Distillation Capacity, Oil Products Demand 2013-19 (Mn B/D) 2013 2014 2015 2016 2017...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
UN: How GCC Petchems Players Can Combat Shale Revolution
...s Laffan, Qatar 2017 6.4 Chemaweyaat ADIC (40), IPIC (40), ADNOC (20) Al-Gharbia, UAE 2018 11.0-20.0 Al-Se...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Algeria Heading For Oil Output Drop
...velopment plan for the Ahnet tight gas project projected a 2015 start up, but first gas is now more feasible in 2017. The Timimoun project was originally intended to come online in 2010, it is now slated for completion in 2017. Together, the projects that are currently in the pipeline will add 20 bcm/ye...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Major Declines Ahead For Kuwait Oil Production, Says IEA
...line with its effective capacity; indeed, Saudi Arabia is the only producer with significant excess capacity, leaving global markets potentially vulnerable to an output shock. The only increment that the IEA foresees in the forecast period is 60,000 b/d in 2017 from the Ratga heavy oil project in...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Oman Seeks 2.6GW Capacity For MIS Grid
...rms under independent power producer (IPP) agreements. The deadline for RFQ submissions is 3 August. OPWP says that, out of the 2.6GW of capacity sought, 740MW is to be operational for summer 2017 and the remaining 1.86GW for summer 2018. OPWP’s current seven-year plan says that “following an ex...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Gas Shortage Leaves Iranian Petchem Plants Idle
...trochemical plants linked by Iran’s under-construction 2.5mn t/y West Ethylene Pipeline (MEES, 16 May). But, with additional gas from South Pars only likely to come onstream in late 2017 at the earliest (MEES, 6 June), the gas shortage for Iran’s petrochemicals sector and resultant overcapacity will get worse be...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA: Middle East Gas Output Set For Strong Growth But Outpaced By Demand
...m) chg '13-'19 2000 2010 2013 2015 2017 2019 BCM % Middle East* De...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Delek’s Leviathan Development Fund Raising Gathers Pace
...rtners are looking to double Tamar’s gas output capacity to 20-22 bcm/year (around 2bn cfd) by building a third delivery pipeline by 2017. Current capacity is 1bn cfd, with output averaging 750mn cfd (MEES, 16 May). At Leviathan, Noble, Delek and partner Ratio Oil (15%) are looking to finalize a de...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Saudi Arabia Ponders Creation Of ‘National Reserve Fund’
...e end of 2017 – a sum that would in theory catapult the fund into second place on a ranking of the world’s top SWFs (see table). Dr Mariq says the aim of establishing the fund, also known as the “National Reserve Fund” is to accumulate financial surpluses and invest them to realize maximum returns. Th...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Iraq’s Southern Exports Hit Record 2.6mn b/d But North Still Out
...velop the field in December 2009 under a 20-year technical services contract for a remuneration fee of $5.5/B. Gazprom Neft has estimated the investment required to take the field to its target plateau of 170,000 b/d by 2017 at $2bn. Iran, which has made development of shared fields with Iraq a top pr...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
ADCO Expands North East Bab, Abu Dhabi 3.5Mn B/D Target Back To 2020
...abi Marine Operating Company (ADMA-OPCO) said its 100,000 b/d oil field development of the offshore Umm Lulu field will form part of a 400,000-1mn b/d boost to the emirate’s output by 2020 (MEES, 21 June). The last time the target was publicly stated, it was set for 2017, though it was originally 20...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
South Tunisia Gas Development Close To Go-Ahead Despite ENI Departure
...riously delay, Sonde’s plans to produce 37,000 b/d of oil and 80mn cfd of gas from Zarat, Tunisia’s largest undeveloped field, from 2017 (MEES, 27 August, 2012)....
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
QP, Qapco Sign Al-Sejeel Polymers Deals
...llows the award by QP and Shell to US firm Fluor of a FEED contract for the planned Al-Karaana petrochemicals complex at Ras Laffan. Al-Karaana is due to start up in 2017 and will have capacity to produce 1.5mn t/y of monoethylene glycol, 300,000 t/y of linear alpha olefins and 250,000 t/y of oxo-al...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Iraq Faces Summer Power Crunch Despite Progress On $75Bn Mega-Plan
...wer infrastructure to 2017 with a total spend of $75bn to fulfil the plan of hitting a total capacity of 42gw by 2030 (MEES, 21 June). “We start [new capacity] every month. We add one project to generation,” Mr Ali says. “By July, we will reach maybe 11.5gw, with the imported power.” Peak de...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
IEA Sees ‘Significant Potential’ For Solar Power In Middle East
...nd capacity and plans to develop 2.8gw of CSP and 700mw of PV capacity by 2017. Turkey currently has 24.2gw of renewables capacity, dominated by 21.0gw of hydropower. The IEA expects Turkey’s total renewables capacity to reach 35.7gw in 2018. Global Picture The IEA says global power ge...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013