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Jordan Advances Gas Strategy With Shell LNG Supply Deal
...olence in Iraq’s Anbar province (see graph and MEES, 10 January 2014). Planned Iraq-Jordan Crude & Gas Pipelines Israeli Gas Challenge On a logistical level gas from neighboring Israel’s burgeoning offshore discoveries would be the easiest medium-to-long-term way to sate Jo...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Egypt Eyes Iraqi Gas
...mand (forecast at 5.57bn cfd for the 2014-15 financial year). Clearly much larger Iraqi imports would be needed to make a significant dent in Egypt’s looming gas shortage. In addition, whilst Iraq currently flares some 1.2bn cfd of gas, two thirds of wellhead output, Baghdad is looking to prioritizing a ma...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
KRG Boosts Oil Sector Integration With Bazian Refinery Expansion
...r 80 100 2014 Bazian Qaiwan 34 84 2018 Tawke DN...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Saudi Petchems Producers Creating Their Own Customer Base In Clusters
...Capacity SABIC 2014 140,000 t/y ABS SABIC/Mitsubishi 2014 250,000 t/y MMA, 40,000 t/y PMMA Sipchem 2014 63...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Algeria Confirms Six CCGT Awards, Plans New Solar, Mobile Units
...ectricity is expected in summer 2014. Meanwhile, Sonelgaz is evaluating projects for a total 25GW of solar capacity at Djanet (3MW), Tindouf (9MW) and Tamanrasset (13MW). Further projects in the 400MW program are to be announced soon. Sonelgaz says it has made “significant progress” recently on a 12...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
BP Slashes $700mn From Egypt Receivables
...mporary.” BP says is has secured an extension to September 2014 for its appraisal and exploitation agreement for the Bourarhat Sud block southwest of In Amenas. In an indication that the post-In Amenas security fallout is far from over, BP took the security-related decision to suspend activity at Bourarhat in...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
TAQA Buys More Indian Hydro, CEO Steps Down
...ctor Pension Investment Board has 39% and Indian private equity firm IDFC Alternatives 10%. The acquisition is expected to close in 2014, subject to regulatory and third party approvals. The Baspa Stage II and Karcham Wangtoo plants in the northern state of Himachal Pradesh have combined generating ca...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Tunisia Pledges Cuts To Avoid Economic ‘Catastrophe’
...crifices. This could be through rationalizing subsidies, but without touching the poorer classes,” he said in an interview with state television. He added: “We expected to borrow TD7bn ($4.4bn) in 2014,” but because of the economic crisis and the steep rise in the deficit, Tunisia’s foreign borrowing needs wi...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Moody’s Projects Firm GCC Growth in 2014
...REGIONAL Moody’s Projects Firm GCC Growth in 2014 Gulf Cooperation Council (GCC) economic growth will remain firm overall in 2014 at 4.3% supported by the non-hydrocarbon sector, but inflation will rise, Moody’s Investors Service says in a 4 March report. GCC countries ov...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
IMF: Cyprus On Track
...gures. This is almost two percentage points less bad than the figure given in the Troika’s previous review two months’ earlier (see graph). But 2014 growth estimates have been revised down to -4.8% from -3.9% in September’s first review (MEES, 20 September 2013). For 2013, private consumption co...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Baghdad Refocuses Oil Industry Priorities
...rgets has been postponed, but nevertheless Baghdad is still pushing hard for near-term growth, aiming for average 2013 crude exports of 2.9mn b/d, up almost 600,000 b/d on last year, and it is targeting 2014 output of 4.5mn b/d, compared to just over 3mn b/d last year. Iraq added significant pr...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
‘New Eni’ Reduces North African Exposure
...0 600 >90% CAFC Gas* Algeria 13-Mar 5 * 70 >90% Wafa Compression Libya 2014 60 37 460 47...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Benchmark Crudes, Saudi Arabia - Economic Data & Saudi Arabia Export Revenue
...erage settlement prices for period in question Saudi Arabia - Economic Data 2014** 2013** 2012E 2011p 2010 2009 2008 2007 Nominal GDP $bn* 794.3 773 744 57...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
ADNOC Shipping Arm Looks East For Profits
...12). Additionally, liquid hydrocarbons storage at Fujairah is expected to double to over 10mn cu ms by the end of 2014, from nearly 5mn cu ms at the end of 2012 (MEES, 1 March). Storage expansion plans include a 1.125mn cu ms facility being built by Singapore-based Concord Energy and China’s Si...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
MENA Refiners Mull New Projects Amid Major Expansion Program
...e Ruwais plant a 417,000 b/d refinery that is due to start up in 2014. Takreer is also building a carbon black and delayed coker plant at Ruwais, with completion scheduled for December 2015 (MEES, 9 November 2012). Meanwhile, UAE government investment vehicle International Petroleum Investment Co...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
UAE Makes Progress On Nuclear Plant, Iran’s Bushehr Off-Line
...actors. FANR issued construction licenses for Units 1 and 2 in July 2012, and first concrete for Barakah-1 was poured shortly afterwards. ENEC plans to apply for an operating license for Unit 1 in 2015 and will pour concrete for Unit 2 in mid-2013. Delivery of fuel for Barakah-1 will begin in 2014...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Dolphin Prepares For 1.2Bn CFD Gas Boost
...ar with surplus production being pumped into it. It could provide 400-500mn cfd for four-five years when the next North Field development, 1.4mn cfd Barzan, starts production in 2014 – the year that Dolphin’s extra compressors are planned to start up. QP had previously expected to strip out th...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
BG Sanctions WDDM Phase 9a Following Payments Deal
...rried out from the second to the fourth quarters, 2014....
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
SAMA Projects 4.2% GDP Growth In 2013
...MA’s 48th Annual Report, Dr Mubarak declined to give a forecast for Saudi economic growth and said that SAMA will take guidance from the IMF predictions of 4.2% in 2013 and 3.8% in 2014. The governor noted that in 2012 the kingdom achieved an actual budget surplus of SR386bn ($103bn) and said th...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Iraq Ten Years Later: A Country On The Brink Of Disintegration
...nister following the January 2014 elections, Sunni and Kurdish parties will be left with little choice but to refuse to participate in any future government. On the other hand, if Mr Maliki is not allowed to run for a third term, or if his coalition fails to win a majority, the 2003 political process wi...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013