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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 -
IOCs Scramble To Meet New UAE Oil Minister
...pact its energy industry for decades. Options include: breaking it up into individual fields; reducing consortium members’ equity; and adding new shareholders. ADCO’s concession expires in January 2014. It is owned by ADNOC (60%), BP (9.5%), Total (9.5%), Shell (9.5%), ExxonMobil (9.5%) and Po...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Saudi Aramco Eyes 550,000 B/D Expansion
...end 2014, we have a project that we already have started developing. We are expanding Khurais which came on stream in 2009 to 1.5mn b/d and we will be doing Shaybah, 250,000 b/d,” Mr Falih said. The additions will, like Manifa, not be a net addition to existing production capacity of around 12...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Kuwait Moves 4Mn B/D 2020 Crude Target Back To 2030
...ptember 2014. Phase 2 will start a few years later, taking total water injection to 1mn b/d. The project will maintain Wara production capacity at 180,000-200,000 b/d. Actual production is typically somewhat lower at around 130,000 b/d. At 1,400ms Wara is the shallowest of Burgan’s four main reservoirs. Th...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Bahrain LNG Terminal Decision Approaches
...rminal at a cost of more than $500mn by June. But the delayed award has pushed the expected completion date from 2014 to 2016. NOGA is negotiating a Build-Operate-Own (BOO) LNG import terminal and the group has decided to pursue a Floating Storage Regasification Unit (FSRU), MEES learns. Further delays ar...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Iran Marks Progress On Condensate Refinery
...e first of which is officially scheduled to be brought on-line in 2014. When completed, the plant will have capacity to produce 36mn liters/day (225,000 b/d) of gasoline. IRNA quoted National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Alireza Zeighami as sa...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
ADWEA Studying Bids For Al-Mirfa IWPP
...ia Power Investment BV, a joint venture of ADWEA (60% equity), Sumitomo (20.4%) and Korea Electric Power Corporation (Kepco – 19.6%). Shuweihat S3 is scheduled for completion by January 2014 and will have 1.6gw generation capacity. A consortium of South Korea’s Daewoo Engineering and Construction an...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
EMAL Awards Generator Contracts To GE
...e end of 2014. The expansion is expected to cost $4.5bn, and will make EMAL one of the largest single-site producers of primary aluminium in the world (MEES, 1 August 2011). EMAL is a 50:50 joint venture between the Abu Dhabi government investment and development company, Mubadala, and Dubai Al...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
North African Energy Producers Face Growing Challenges
...d is focusing on the 2014 presidential elections, and particularly on the question of which candidates will run against ailing President Abdelaziz Bouteflika. Nonetheless, however hard the Algerian energy authorities try to put the In Amenas attack behind them, the incident has tarnished the co...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
IMF: Libyan Economy Growing But Challenges Remain
...owth in the non-hydrocarbon sector in 2014. Inflation fell to 6% in 2012 and a further decline is expected in 2013. As for the financial sector the situation began to normalize after most of the UN sanctions that had frozen Libya’s foreign assets were lifted on 16 December 2011. This allowed th...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
Independents To Drive Oman’s 2013 Output Boost
...ys. “This will have the objective of framing all Block 5 reserves and resources, allowing Daleel to develop a drilling plan supported by a fifth and six rig as from 2014 to produce the bulk of the reserves within the concession period, namely end-2028.” Petrogas also operates the Rima cluster of small fi...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013