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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