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Saudi Edges Up Capacity, Looks To IPPs For Boost
...arted up in third quarter 2014 is expected to reach full commercial operation this year, the 2.10GW Rabigh-2 CCGT plant is expected to start commercial operation in June 2017, and the 1.5GW Fadhili cogen JV between SEC and Aramco is “currently at the proposal phase.” SEC expects the signing of a co...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi 2030 Plans: Turning The Vision Into Reality
...troChina’s valuation briefly topped $1 trillion in the wake of its November 2007 floatation: it is now worth $192bn. LATE 2017: 5% ARAMCO LISTING? “What we’ve been hearing from the local banks and brokers we’ve been speaking to, who are among the biggest in the region, is that the Aramco listing will ta...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
New Saudi Minister Faces Task Of Turning Vision Into Reality
...ise overall capacity (MEES, 26 February). The delayed expansion of the Khurais oil field – initially scheduled for 2017 – remains on course for finalization in 2018. Capacity here is slated to increase by 300,000 b/d to 1.3mn b/d. In the longer term, Mr Falih will play a key role in driving fo...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Iran Output Rebound Sets Stage For Saudi Stand-Off In Vienna
...16 contract, prices which imply an average value of $45/B for 2016 as a whole. The EIA report cited stronger than expected economic data as a key contributory factor. This has led the EIA to revise global demand projections upwards by 0.3mn b/d and 0.2mn b/d for 2016 and 2017 respectively, le...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
KRG Exports Rise With Boost From New Fields, But Takings Fall
...obable (2P) reserves were sharply downgraded in February (MEES, 4 March). Meanwhile, London-listed Gulf Keystone Petroleum (GKP) plans to produce 41,000 b/d by year-end at the Shaikan field, from around 35,000 b/d currently, but is hamstrung by more than $575mn worth of bonds maturing in 2017. It failed to...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Iraqi Kurdistan Producers Seek Positives In Challenging Environment
...sue now, rather than making the coupon payments and not addressing the 2017 maturing of the debt that hangs over the company, GKP’s board appears to have confidence that a deal can be made with the bondholders. Resolving the issue would certainly be a positive development for the share price and would fr...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
OPWP Pushing Spot Market Development, Eyes GCC Electricity Trading
...VELOPMENT Barka 1 Ph 2 55 2016 Qurayyat IWP 200 2017 Salalah 2 IPP 445 2018 Barka 3 IWP 280 2018 Sohar 2 IWP 250 20...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
UAE Tendering 1.15GW Of Solar, Dubai Receives Record Low Bid
...pansion project is scheduled for completion by the end of 2017. UAE POWER GENERATION CAPACITY Plants GW Adwea 10 Gas-Fired, 1 Solar* 15.5 Dewa 10 Gas-Fired, 1 Solar^ 9.66 Sewa 6 Gas/Di...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Iran Approves Higher Budget Spending In 2016-17
...ections in 2017. The Majlis also wants the government to charge progressive prices for gasoline based on the level of consumption. Under the new system, which brings back fuel smartcards, car owners would be able to consume up to 180 liters of gasoline per month at the current price of IR10,000 ($0....
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Turkey To Cut Coal Imports
...owly – a 510MW plant at Soma, due for start-up in 2017 by China’s HEI, is the only coal-fired plant currently under development. Turkey’s plans for 4.5GW of lignite-fired capacity in the southern Afsin-Elbistan region and 1.32GW at Adana near the Mediterranean coast have not progressed. UAE’s Taqa was or...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...ll be hoping to capitalize on the momentum created by the recent $12bn deal signed by BP and Dea with Cairo for the development of WND, which is slated to produce 1.2bn cfd from 2017 (MEES, 22 May 2015). ENI/BP: PRECIPITOUS DECLINE While BP has earmarked the western delta for its key ex...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria’s Upstream Investment: Running To Stand Still
...% Mid-’17 Sonatrach says 2016 4.4 424 Timimoun , SW Gas Project Total 37.75%op, Cepsa 11.25%, Sonatrach 51% 2017 Sonatrach says 20...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iraq Seeks Chinese Funding For Crucial Water Injection Project
...line late and reportedly has just one drilling rig operating, said in early May that it is delaying full development plans for Majnoon to 2017 or beyond. Italy’s Eni, operator of the Zubair oil field, has already canceled two major contracts. Iraq may be celebrating the achievement of post-1979 re...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iran To Start Building Siraf Condensate Splitters, Targets Asia Petchems
...0 8 x 60 kb/d splitters. Target first unit online 2018. Persian Gulf Star Bandar Abbas 360 1.5 3 x 120 kb/d splitters. First unit expected online 2017. Pa...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Qatar Awards Umm Al Haul Power/Water Plant As Part Of Major Capacity Hike
...de it the world’s leader in LNG and gas-to-liquids (GTL) production. Economic growth is expected to continue, with ambitious plans including the hosting of the 2022 football World Cup. The Umm Al Haul plant is scheduled to start up in 2017. Kahramaa is also studying proposals for a 2GW/655,000 cm...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
ACWA Awarded Concession For Egypt Renewables
...0mn, while a 50MW solar plant at Binban near Aswan is priced at $90mn. ACWA country manager Hassan Amin says the projects are scheduled for completion in early 2017. ACWA has signed a number of preliminary agreements for major Egyptian electricity investments in recent weeks. The company has si...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
KNPC Seeks Ideas, Finance For Refinery Projects
...out how the loan should be structured. CFP SCHEDULE Work on the CFP began in March, with a view to completion in late 2017. KNPC chief executive Muhammad al-Mutairi told reporters recently that he now expects the revamped refineries to be fully operational by the end of 2018. The ageing Sh...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Morocco Solar Funds
...ergy (Masen) awarded the 200MW Noor 2 and 150MW Noor 3 projects to ACWA and Spain’s Sener with a view to 2017 start-up. Masen also plans to build a 50MW solar photovoltaic (PV) unit at the site – Noor 4. ACWA says the debt part of the package will be “entirely financed by Masen” with funds from the Af...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria Maintains 2015-2019 Production Plan, Keeps Quiet On Shale
...stream projects in the first three years of the plan: $15.5bn in 2015, $22bn in 2016 and $23bn in 2017, according to Mr Sahnoun, figures which imply a drop-off in investment to $15bn/year for the last two years of the plan. Sonatrach’s CEO said $11bn would come from international partners, with the rest to...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
BP Steps Up Egypt Commitment But IOC Receivables Climb Again
...ril). Production is slated to begin in 2017 and by 2019 ramp up to 1.2bn cfd – which equates to 26% of Egypt’s 1Q15 gas output of 4.54bn cfd. BP’S WEST NILE DELTA FIELDS & KEY INFRASTRUCTURE WND PRICING DETAILS The agreement signed between the partners and Cairo is not a typical Production Sh...
Volume: 58Issue: 21Published at Fri, 22 May 2015