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Kuwait’s Oil Minister Stands Firm Against MPs, Appoints Senior Management
...y that Kuwait’s foreign currency reserves will run out by 2017 if it doesn’t fix its finances. Minister of Electricity and Water 'Abd al-'Aziz al-Ibrahim has warned that the delay of al-Zour power plant will cause power generation shortages. Parliament had earlier demanded a halt to the pr...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
South Stream Construction To Begin By December
...s needs from Russia and wants to extend the existing contract from 2017 to 2035, while more than tripling the imported volumes to 1.7 bcm/y. Despite the establishment of Slovenia’s South Stream branch, the final onshore routing of the project has yet to be announced. MEES understands that th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
IEA Sees Middle East Gas Expansion Serving Only Regional Needs In Medium Term
...leased on 5 June at the World Gas Conference in Kuala Lumpur, says that “Middle East gas production is expected to serve exclusively the regional gas market in the medium term, as it is unlikely that any export project, whether a pipeline or an LNG plant, would be completed by 2017.” The report observes th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Jordan And Enefit Initial Deal For First Shale Oil Power Plant
...cilities. The agreement covers the production of 38,000 b/d of shale oil and the generation of up to 900mw of electricity from a shale oil fired plant. First oil was originally projected for 2017, but a report last month said that shale oil from 'Attarat could come as early as this September (MEES, 14 May). Th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Kuwait’s Oil Minister Under Political Pressure In Dow Ruling Fall-Out
...nd (IMF) said in a report in May that Kuwait will exhaust its foreign currency reserves by 2017 if it keeps on spending at the current rate. Mr Husain told state-owned news agency KUNA of the Dow deal investigation panel: “The panel will review the feasibility study of the project and the so...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Japan Pushes CCS To Secure Stakes In Abu Dhabi Offshore Concessions
...ploying enhanced oil recovery (EOR) technology onshore and offshore, including CO2, Mr Muhairi said. This could take 20-40 years to achieve he added. ADNOC’s stated goal is to boost its yearly average production capacity to 3.5mn b/d by 2017 and plateau it until 2030. MEES calculates it will be able to ac...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
DEPA Sees Role For Israel/Cyprus Gas Exports In EU Southern Corridor Plan
...alian supply route, ITGI’s competitors will not be able to secure the necessary environmental and third party access exemption permits in time to meet the final selection deadline of June 2013, or the timetable set for the construction and commissioning of the pipeline by 2017-18. Mr Sachinis also said th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Kuwait Discovers More Burgan Reservoirs, Plans Water Injection
...14, with injection scheduled for late 2017,” Chevron tells MEES. Steam flooding takes time to ramp up output as the rocks slowly heat up, giving results that show how many injection wells are needed – Oxy had to double the number of wells at Muhaizna, Oman, once full field development steam in...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
New KNPC Chief And SPC Guidelines Revive Hopes For Kuwait Mega-Projects
...be taken before 2013. Potentially the project could boost Kuwait’s share of the additional Eocene 120,000 b/d by 2017. Meanwhile, KPC is also planning refineries in Vietnam (200,000 b/d), Indonesia (200,000-300,000 b/d) and China ($9bn, 300,000b/d), and is studying using Kuwaiti heavy crude as fe...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Socar Looking To Take Equity In Winning Shah Deniz 2 Export Pipeline
...mpany will look to buy shares in the pipeline consortium selected to deliver the 10 bcm/year of gas to Europe after 2017 from the Shah Deniz Stage 2 gas field development. He said that Socar was willing to purchase shares in the winning consortium “in order to assist in financing, to assist in op...
Volume: 54Issue: 25Published at Mon, 20 Jun 2011 -
Cook: Shah Deniz 2 Consortium Looking For Scalability In Pipeline Proposals
...with their offers for pipeline transportation by 1 October 2011. Beyond that we have to take our final investment decision in 2013 and after that we expect to start gas production by 2017. The rights to the Shah Deniz field in Azerbaijan end in 2036. That may look quite far away but actually to...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Nabucco Legal Framework Agreed As Southern Corridor Race Heats Up
...able. The main issue is whether by 2017 (the planned date of commencement of gas supplies for Nabucco) there will be enough gas.” If this is not the case, “other options will be considered – small pipelines, which can later be enhanced as new volumes of gas are available,” Mr Morningstar said. “Pr...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
Methanol Chemicals Company Agrees $222Mn Refinancing Deal
...mpany announced on 5 June on the Saudi bourse’s website. The Murabaha refinancing facility, which ends on 15 December 2017, was signed by SABB, Riyad Bank and Samba. It includes restructuring of a SR326mn ($87mn) cost overrun facility agreement dated 27 October 2009 and due on 18 November 2011, as we...
Volume: 54Issue: 24Published at Mon, 13 Jun 2011 -
End Of Turkish-Azeri Impasse Starts Race For Shah Deniz 2 Gas
...2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, subsequently rising to 6 bcm/y by 2019. Of this 7 bcm/y from Shah Deniz 2, 6 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Turkish petrochemical group Petkim. It is un...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
BG Suddenly Pulls Out Of $800Mn-1Bn Oman Gas Field Project
...s are produced. It expects to produce 200mn cfd next year, ramping up to 1.5bn cfd by 2017. But the contract was negotiated in 2006, before production costs soared during the energy boom. Muscat hopes that another player will take over BG’s concession, but it would have to offer a much better deal – ev...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Gas Deadlock Resolved As Turkey And Azerbaijan Agree Terms For EU Deliveries (13)
...niz field, which is expected to produce 16 bcm/y by 2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, rising to 6 bcm/y by 2019. From the Shah Deniz 2 supply, 6 bcm/y of the 7 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Tu...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Statoil Enters Algerian Gas Sector Through BP Share Transaction
...7bn, of which Statoil’s share is $540mn. Phase One of the project, involving the development of the Krechba, Reg and Tegentour fields, is 70% complete and gas sales are fully contracted at 9 bcm/y to 2017, Statoil said. The In Amenas project, which is licensed to 2022 with a five year extension op...
Volume: 46Issue: 26Published at Mon, 30 Jun 2003 -
Gasco Expanding Egypt’s Gas Grid As Demand Is Projected To Rise To50BCM/Y By 2015
...M/y, about 1.8bn cfd) to 52 BCM/y (5bn cfd) by 2017 (see table below), MEES assistant editor Yasser Elguindi reports from Cairo. Most of this increase will come from the commissioning of additional power plants to satisfy growing demand for electricity, and the replacement of fuel oil by gas in ex...
Volume: 42Issue: 26Published at Mon, 28 Jun 1999