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Iraqi Infrastructure Crunch Begins To Bite
...cision is still some months off, the government appears to be leaning towards the 9.3mn b/d target to be achieved in phases by 2020, Mr Ghadhban said. The oil ministry, which has conducted its own study, looks to be still committed to reaching plateau by contractual 2017, albeit at a reduced 9.5mn b/d le...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Oman Anticipates More LNG Exports On Back Of BP Upstream Output
...oject starts ramping up end-2016/early 2017, Nick Wilson writes. In its 2011 annual report published in May, OLNG says although its exports by volume declined 2%, its revenue rose 26.47% compared to the year before from $3.13bn to $3.96bn due to a 31% rise in prices. OLNG’s sales are in Asia-Pa...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability
...nsultation in May, the IMF sounded an alarm bell when it noted “that government expenditure will exhaust all oil revenues by 2017” and warned that fiscal consolidation is needed in the medium term if current trends continue (MEES, 21 May). But economists played down this scenario because Kuwait has adequate re...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
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