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Cyprus Shuts Gas Tender
...s. The tender seeks gas volumes rising from 19.5-30.4 trillion BTU in the first year to 25-43 trillion BTU by 2025. First gas is to be delivered between 1 January 2016 and 30 June 2017, with DEFA thought to favor bids that stipulate an earlier start date (MEES, 18 April 2014). MEES understands th...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Egypt Power Capacity Boost Gathers Steam
...eks to diversify its fuel mix. SAUDI CABLE DEAL EEHC says the government will this summer sign a contract with Saudi Arabia for a transmission cable linking the Egyptian and Saudi grids “to start provisional operation in July 2017.” The grid link will comprise 1,320km of twin 3GW capacity ca...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Qatar Stares Deficit In The Face
...pt at currently-planned levels then in light of reduced oil and gas revenue, Qatar could post a fiscal deficit of 4.9% and 3.7% of nominal GDP in 2016 and 2017 respectively if lower oil prices persist, it added. For 2015 the latest QEO predicts a fiscal surplus of 1.4%, well down on the 8.7% surplus fo...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Iraq To Revise Pipeline Route To Jordan
...aborne imports. The Anbar instability has obviously delayed the project. Under the original plans, first oil through the pipeline was expected by the end of 2017 or early 2018. The original plans divided the project into two parts, a 2.25mn b/d BOOT contract and a 1mn b/d section from Haditha to Aq...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Egyptian Refiners Award Contracts For New Gasoline Units, Plan Coker Rehab
...anned: Midor Expansion Alexandria 60 2017 Alexandria Exp Alexandria 100 na Sukhna Ain Su...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Egypt Completes Smaller Power Plants Amid Major Capacity Hike
...ntract will be €1.6bn, the company adds. Elsewedy, whose Beni Suef project is also valued at €2bn, says its share of the deal will be worth €785mn. The company says the plant will begin delivering electricity by the summer of 2017, with project completion expected within 38 months of financial cl...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Egypt’s Taqa Plans To Double Capacity To Help Cairo Bridge Power Shortage
...oject is part of the government’s plans to supply 20% of power from new and renewable sources by 2020. Cairo plans to increase PV and wind capacity to 4.3GW by 2017. The ministry of electricity has approved the provision of land, and Taqa has been cleared to carry out preliminary studies and outline th...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Iraq Lowers Sights On Capacity As Reality Sets In
...nstraints are ignored, is likely to stagnate till at least 2017 if not beyond. But Mr ‘Abd al-Mahdi says that the cost cuts will not have a material impact on production capacity, which will be maintained at current levels. However, some of the foreign oil companies present at a London conference on 9 Ju...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Egypt On Road To Gas Recovery After Years of Stagnation
...ssive task, given that this is 16% above current output, with no new developments slated to come onstream in the meantime. The IEA projects output will edge higher to 52 bcm in 2018 – following the start up in late 2017 of the BP-led $12bn West Nile Delta (WND) project (MEES, 27 March). Output is slated to...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
IEA Cuts Mideast Gas Demand And Production Outlook
...untry can export 65 bcm/year by 2017 (MEES, 5 June). The Algerian government has reported domestic consumption at 38 bcm for 2014 (MEES, 27 March). The political volatility in Libya further clouds North Africa’s ability to sustain – let alone increase - exports to key customers in Europe. “The good ne...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
LNG Market Faces Considerable Demand Upside Amid Low Prices
...pected to hit the market by 2017, adding to global current capacity of 301mn tons. Extra volumes are expected to come from the US, East Africa, Russia and Southeast Asia (see graph). However, lower oil prices are jeopardizing the economic viability of some proposed projects, which could result in ca...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Oman’s OPWP Targets 5% Efficiency Improvement In Power Generation
...0 2017 Dhofar Wind 50 2017 Salalah 2 IPP 445 2018 Ibri & Sohar 3 IPP 2,...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
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