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Iraqi Infrastructure Crunch Begins To Bite
...e Kurdistan Regional Government (KRG) area (currently running at half of 300,000b/d capacity), Chairman of the Prime Ministerial Advisory Committee Thamir Ghadhban said. Next year 500,000 b/d of new capacity should be added, with around 700,000 b/d in 2014, to achieve a sustainable capacity target of...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Abu Dhabi Invites IOCs To Prequalify – Partex’s 2% Stake Up For Grabs
...rtex (2%) – which expire in January 2014, while replacing Partex with a newcomer that can bring finance or technology to the consortium – or auction off individual fields, which produce a total of over 1.4mn b/d. Prequalifying submissions have to be in by mid-July. Partex’s 2% stake is a historical qu...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Oman Anticipates More LNG Exports On Back Of BP Upstream Output
...ditional exports in the period post-2016 after BP has ramped up to ‘to be agreed with government’ production levels for tight gas. In 2014 plans for 2016-onwards production and demand levels will be firmed up and the options to export, or not, will be clearer.” Oman LNG (government 51%, Shell 30...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Nogaholding Poised For Bahrain Energy Sector Expansion
...e pre-Khuff contains commercial volumes of gas. A final investment decision on pre-Khuff development is not expected until 2014. Like the GCC, which is gas-short apart from Qatar, Bahrain is a “gas consumer rather than supplier,” stresses Shaikh Mohamed. But recent developments help consumers, he sa...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
‘Revolutionary’ Economies Face Financing Woes
...nking On A Euro-Rebound The World Bank predicts a sharp rebound in the two key Arab Spring economies of Egypt and Tunisia, with growth of 3.6-3.8% for 2013 and 4.6% by 2014, “more in line with their underlying potential.” But this may prove optimistic given that it is predicated on a stabilization of...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Iran Condensate Severely Discounted, Gulf Producers Face Changing Market
...ach full production and export capacity by 2014, but it is still unclear how it will market it all. Qatar must now determine its future direction as a condensate seller that has committed most if not all of its export availability. “Tasweeq has to ensure that it doesn’t target both condensate and LPG at...
Volume: 55Issue: 25Published at Mon, 18 Jun 2012 -
Kuwait’s Oil Minister Stands Firm Against MPs, Appoints Senior Management
...urisly as chairman and managing director. KOTC plans to build nine tankers by 2014 – taking the total to 33 (MEES 30 January). Mr Khashti is a veteran KPC executive whose positions have included heading Kuwait Gulf Oil Company (KGOC) and Kuwait Foreign Petroleum Exploration Company (Kufpec). Mr Bourisly be...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
New Algerian LNG Capacity Faces Lack Of Gas
...sition to supply them a final investment decision (FID) has been repeatedly put back. The project, which had been due on stream in 2014, will almost certainly be shelved later this year. Italy, which remains Algeria’s top export customer, is already linked (via Tunisia) by the TransMed pi...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
Qatar Continues To Boost Budget Expenditure In 2012-13
...owth in the hydrocarbon sector slowing down to 3% due to Qatar’s self imposed moratorium on the development of new North Field projects until 2014, while substantial investment in infrastructure, coupled with increased levels of production in Qatar’s manufacturing sector is projected to boost growth in th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
Kuwait Discovers More Burgan Reservoirs, Plans Water Injection
...ra structure – one of the fastest-depleting reservoirs, MEES learns. The project needs collection, treatment and injection facilities by 2014 for as much as 1mn b/d of water. When Burgan first started producing nearly 70 years ago some individual wells were producing 15,000 b/d. “Today additional we...
Volume: 54Issue: 26Published at Mon, 27 Jun 2011 -
Shah Field Doubts Cast Shadow Over Abu Dhabi’s Petchem Ambitions
...stream projects including the $10bn, 500mn cfd Shah gas field, Nick Wilson reports from Abu Dhabi. Partially state-owned petrochemical firm Borouge’s ethylene cracker expansion to 3.6mn tons/year by 2014 depends on the integrated completion of five upstream sources of ethane and building two new NG...
Volume: 54Issue: 23Published at Mon, 06 Jun 2011 -
Domestic Demand Challenge Highlighted By Saudi Aramco Report
...expand gas production and processing capacities by 4.5bn cfd by 2014, an increase of 40% over current capacity.” It is working to bring its first non-associated offshore gas field into production – the 1.8bn cfd Karan project. Karan involves output from 19 wells on four producing platforms, with ga...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Qatar Eyes Yamal And Iran Investments, Technical Problems Close LNG Plants
...extra 1.5bn cfd of gas by 2014 for power generation. However, “our local electricity demand forecasts are all over the place,” a QP official tells MEES. The problems appear to have already created one casualty, Faisal al-Suwaidi, former CEO of Qatargas, who was forced to resign this month as pr...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports
...nally signed a deal to build a 2,150km pipeline to supply Iranian gas to Pakistan. But Pakistan cannot find the $1.65bn it needs to build its part of the project. They signed the 25-year deal on 28 May to pump 750mn cfd of gas from the South Pars field to Pakistan by the end of 2014, with the option of in...
Volume: 53Issue: 23Published at Mon, 07 Jun 2010 -
Egypt Raises Gas Supplies To Israel After Reaching New Price Agreement
...vertheless, the original memorandum of understanding (MOU) potentially allows Israel to import up to 7 bcm/year of Egyptian gas. And with Israel’s big new gas discoveries not expected on stream before 2014, Cairo stands to benefit from its neighbor’s greater energy dependency, especially now that an ac...
Volume: 52Issue: 25Published at Mon, 22 Jun 2009 -
Fesharaki: High Prices Not Threatening Demand Growth In Industrialized Countries
...rticularly in the industrial world.” Dr Fesharaki argues that recent market behaviour suggests it is increasingly reasonable to assume that worldwide oil demand would plateau at about 100mn b/d with prices remaining robust: “At current prices we expect it would be 2014-15 before demand flattens out, an...
Volume: 49Issue: 24Published at Mon, 12 Jun 2006 -
Adco, ADMA-Opco Concessions To Be Renewed On Similar Terms
...aker than those in the existing contracts, although the timing of renewal discussions is not yet clear, MEES learns. The concession for Adco, in which Abu Dhabi National Oil Company (ADNOC) holds 60% alongside Shell, ExxonMobil, BP and Partex expires in 2014. ADMA-Opco’s concession, where ADNOC ho...
Volume: 49Issue: 23Published at Mon, 05 Jun 2006