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Lukoil’s West Qurna-2 Start Will Add To Iraq Oil Output Gains
...koil was originally awarded a 20-year TSC to develop West Qurna-2 in 2010, when the ministry had set far higher plateau production targets (PPTs). Under the initial contract, output was set to rise to 1.8mn b/d by 2017 and be maintained for 13 years for a fee of $1.15/B. The oil ministry, which had or...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Israel: Gas Boom Targets Turkey
...ISRAEL/TURKEY Israel: Gas Boom Targets Turkey With the 19 tcf Leviathan field set for 2017 start-up and bids received from Turkey to import Israeli natural gas this week, Israel’s energy sector is set for a boom. Over 10 bids were submitted this week in a tender by...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Orpic Awards Liwa Plastics Project, Targets 2Q18 Start-Up
...gineering, procurement and construction (EPC) tender in December for April 2015 award. Commissioning is slated to begin in fourth quarter 2017, with a view to commercial operation in second quarter 2018. The company expects LPP to double Orpic’s profitability “through extracting significantly more va...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Turkish Refinery Looks To New Funding As World Bank Pulls Out
...a complex operated by Turkish petrochemical firm Petkim, for 2017 start-up. The plant will have capacity to process 10mn tons/year (200,000 b/d) of crude. STAR shareholders are Socar Turkey, Turkish conglomerate Turcas and the Azerbaijan government. Turcas announced on 25 March that it plans to sell it...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Shell Awards Majnoon Oil Deal, Gas Still A Problem
...8mn b/d by 2017. Shell has not yet completed renegotiations with the oil ministry on a lowered plateau. It is understood to favor 1mn b/d while the ministry is proposing 1.2mn b/d. Embarrassing Flares Shell, in its 2013 results, says rising Majnoon output led to a rise in the amount of natural gas be...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Turkey Sees Power Demand Doubling By 2023, Backs Nuclear And Coal
...e awarded for 2017 ownwards. Nuclear Progress Russia’s Rosatom will begin work in 2015 on the first of four 1.2GW nuclear plants at Akkuyu, near Mersin on Turkey’s southern coast. Start-up is scheduled for 2020. Meanwhile, Japan’s Mitsubishi and Itochu and France’s GDF Suez and Areva will st...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
RWE-Dea Sold To Russian Investor Group
...bstantial MENA presence. Dea’s regional portfolio is anchored in Egypt, where it started up gas production at its Disouq concession in the Nile Delta last September. The company also has around 30% of the West Nile Delta project it is developing with BP. Start-up is scheduled for 2017, after negotiation ov...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Morocco Targets Further Subsidy Reductions
...e predicted to fall below 3% of GDP by 2017 (see graph). Rabat in February ended subsidies on gasoline and fuel oil and started to cut diesel subsidies significantly as part of its drive to lower the deficit (see table). Last September the authorities started to implement a mechanism to index th...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Gulf Petchem Megaprojects Eye Shift From Ethane Feedstock
...A, polyols from 30mn cfd ethane, 3mn t/y naphtha SABIC/Celanese Jubail, S Arabia 2016 50 polyacetal QP/Shell (Al-Karaana) Ras Laffan, Qatar 2017...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Morocco Looks To Wind To Lessen Energy Imports
...pacity is coal-fired, 24% oil-fired and 12% gas-fired. ONEE last year announced a plan to raise generating capacity to 11.28GW by 2017, with 45% of new capacity (2.09GW) to be renewables (MEES, 4 October 2013). This is about saving cash, rather than the planet: Rabat also plans to add coal-fired ca...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Wintershall To Partner BP, Mubadala For North Africa Expansion
...ggane 19.5% Repsol, S’trach, Edison 285mn cfd 56mn cfd $585m 2017 Libya: NC193,195 100% n/a 30...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Jordan Advances Gas Strategy With Shell LNG Supply Deal
...peline plans currently stand, a 2.5mn b/d line will connect Basra oil to Haditha. A 1,000 km, 1mn b/d line will then connect Haditha to ‘Aqaba, with first oil through the pipeline expected by end of 2017 or beginning of 2018 (MEES, 28 February). Iraqi Crude Supplied To Jordan By Truck (‘000 B/D)...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Egypt Eyes Iraqi Gas
...e transit of 1mn b/d of crude, whilst a parallel gas pipeline would carry 138mn cfd (MEES, 28 February). Both are slated for completion in 2017 or early 2018. Once an exporter of gas to Jordan, Syria and Israel, Egypt is now struggling to meet its domestic demand, and is forecasted to slump in...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
KRG Boosts Oil Sector Integration With Bazian Refinery Expansion
...mplete the Bazian CDU and utilities by the fourth quarter of 2016 and the upgrading units by the fourth quarter of 2017, with a view to commercial operations by the start of 2018. To coincide with the refinery expansion, Qaiwan also plans to build a 120km, 18-inch pipeline with capacity to carry 12...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Algeria Confirms Six CCGT Awards, Plans New Solar, Mobile Units
...e plants will begin operating in open-cycle mode in 2015 and in combined-cycle mode in 2017 (MEES, 20 December 2013). Samsung C&T says its EPC contract is valued at $1.37bn, while plant capacities will be 1.45GW at Mostaganem and 1.163GW at Naama. Earlier Duro Felguera announced that Djelfa ca...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014