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MENA Refiners Mull New Projects Amid Major Expansion Program
...e at various stages of development in Saudi Arabia, while expansions are under way in the UAE and Oman. Algeria has joined the capacity rush, starting work on the first of four 100,000 b/d refineries due on stream in 2017. Saudi Aramco is nearing completion of the Satorp refinery in Jubail an...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
UAE Makes Progress On Nuclear Plant, Iran’s Bushehr Off-Line
...e being manufactured off-site. The floor and first two levels of the liner have been installed and welded together on site over the past two months. The remaining liner sections will be fabricated and installed over the next 10 months. ENEC said Kepco is on track to start up the Barakah-1 plant in 2017...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Assessing The Impact Of US LNG Exports
...mand through 2016 is already under construction: thus current FID decisions apply to 2017 and beyond. Meanwhile, the surge which Qatar put on the market in 2008-10, when coupled with the recession and the collapse of the US LNG market created a large surplus with severe price competition. One effect of th...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Dolphin Prepares For 1.2Bn CFD Gas Boost
...E sources say. Faced with importing LNG at up to $18/mn BTU, or waiting until 2017 for gas to come from development of Abu Dhabi’s Bab field, or nuclear power to start up, more Qatari pipeline gas – at the price Doha wants – looks like a good deal. Qatar does, however, have another medium-te...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
ADNOC Recommends Shell For 1Bn CFD Bab Gas Field
...ants – one operating and one under construction – with no other plants planned, suggesting that Abu Dhabi has shelved its target of 7% of power to come from renewables by 2020. The 5.6gw of nuclear capacity planned to ramp up between 2017-20 will, however, displace about 840mn cfd of gas de...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
... SAUDI ARABIA Saudi Aramco Eyes 550,000 B/D Expansion State-oil firm Saudi Aramco will add 550,000 b/d of production capacity at its currently-producing Khurais and Shaybah fields by 2017, CEO Khalid al-Falih announced on 5 March. These are the first major up...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
End In Sight For Oman, BP Tight Gas Negotiations
...most one year pushing the projected start up to the second half of 2017. The engineering, procurement and construction (EPC) contracts were originally meant to be tendered in July last year, analyzed in 4Q12 and awarded last month; but disagreements on the key issues have resulted in lengthy delays. BP wa...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Algeria Preparing Tender For Biskra And Tiaret Refineries
...ce-president Abdelkader Benchouia. Addressing reporters on the sidelines of an exhibition in Oran, he said the two “same specification” refinery projects – at Biskra and Tiaret – are part of a $14bn program to build four new refineries, all of which are scheduled to enter service in 2017. Refineries at...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Bahrain Refinery Study Set For June Completion
...stream by 2017 and the last one by 2020.” MEES understands that the cost of the expansion will be $5-9bn, depending on the finalized scope of the project. In January, Bapco appointed HSBC and BNP Paribas to advise the company on the refinery expansion’s financials. Bapco is not cu...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Oman LNG Exit May Leave Qatar As Sole Exporter
...pacity – just enough to meet term contracts. It hopes BP’s tight gas project coming on stream in 2017 will temporarily ease the crisis. Abu Dhabi could end LNG production in March 2019 when a contract expires to sell 4.7mn t/y to Japan’s Tokyo Electric Power Company (TEPCO). By then, the two 1m...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
QP And Shell Award MEG Plant FEED Contract To Fluor
...ggest they are looking to a 2017 start-up. Qatar’s Minister of Energy and Industry Muhammad al-Sada said: “The Al-Karaana petrochemicals complex has been envisioned to further boost Qatar’s rapidly growing stature in the global petrochemicals industry.” MEG Market Global demand for MEG was es...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
Aramco Lines Up Samsung For Riyadh Clean Fuels Projects
...nura Clean fuels project due for completion in 2017 Source: MEES. Saudi Aramco and Chinese state firm Sinopec in January 2012 agreed to build a 400,000 b/d export refinery at Yanbu’ under their Yanbu’ Aramco Sinopec Refinery Company (Yasref) joint venture. The project ha...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
ExxonMobil Water Project Exit Threatens To Derail Iraqi Upstream Schedule
...oject has been put back two years. So instead of 2015, it won’t come on until 2017.” Even if this view is overly pessimistic, there is little doubt that the project has been seriously delayed – FEED was due for award last November (MEES, 3 November 2011). In the long-run, this water is vi...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
Kuwait Burns Crude, Turns To Renewables, To Meet Fuel Challenge
...at Kuwait “is burning large quantities of high export value fuels – 30% of the fuel mix is crude and gasoil.” The four-year-plus delay on the 1bn cfd Jurassic northern fields gas project (MEES, 5 March), and the freezing of the planned al-Zour refinery, which won’t be ready until 2017 at th...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
Beirut Eyes LNG Import Decision, Touts Reserves
...e Lebanese daily al-Nahar reported on 14 March. The first tranche of the issue will mature in 2016 or 2017, while the second will run until 2026. The ministry needs to refinance maturing Eurobond debt in 2012. Lebanon remains one of the most highly indebted countries in the world with a debt/GDP ra...
Volume: 55Issue: 12Published at Mon, 19 Mar 2012 -
EU Representative In Baku Calls For Nabucco Readjustment
...nsortium, with regard to exporting 10 bcm/year of gas to Europe beginning in 2017-18. Confirming that Nabucco was still in the bidding for Shah Deniz Stage 2 gas (MEES, 5 March), he said that “the talks aim to change the conception of the project [Nabucco]. There are many proposals. Naturally, the proposals ch...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Kuwait’s Jurassic Gas Project Hits More Problems
...ird said the 530,000 b/d plan can be expanded to 615,000 b/d if Kuwait’s heavy oil projects are successful. Mr Rashdi hopes to commission the 615,000 b/d version in 2017. However, the project – first planned in the early 1990s – was blocked by parliament’s objection in 2009. Its contract award was su...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Edison And DEPA Persist With ITGI, Pursue Other Supply Options
...seidon partners, Italy’s Edison and Greek state utility DEPA, could take their final investment decision by mid-2013, whereas the preferred TAP project aims to become operational in 2017. “If Shah Deniz expects to ship gas to the European Union by 2018 then a final investment decision (FID) will have to be...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Baghdad Eyes $500Bn Energy Spend To 2030
...enarios – with the figures referring to nominal 2017 production targets. The study is being coordinated by the office of Thamir Ghadhban, head of the Iraqi Prime Minister’s Advisory Commission. Originally it was to have been completed by the end of the first quarter, but the intrinsic complexity of...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
TAQA Taps Malaysia Investors Via $215Mn Ringgit Issue
...nditions, said the spokesperson. In December TAQA issued Regulation S/144a bonds, which allow them to be sold into Europe and the US respectively. The issue includes $750mn of bonds due in March 2017 at 4.125% and $750mn due in December 2021 at 5.875%....
Volume: 55Issue: 10Published at Mon, 05 Mar 2012