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Petroceltic Upbeat On Ain Tsila As Sonatrach Calls For Cost Cuts
...ard of the Isarene Production Sharing Contract (PSC) dates back to April 2005. Last year, the target date for first gas slipped from a previous estimate of late 2017 to 2018 (MEES, 23 May 2014). At the time, the company estimated the costs of drilling operations at around $1.5 bn. Production start is no...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Jihadists Take Iraq’s Baiji Refinery; Shell Delays Majnoon
...st, if not all, of the sprawling facility in central Iraq, if a videotape of the battle released by the Jihadist group is to be believed. Shell, meanwhile, says it has pushed back full development plans for the Majnoon oil field to 2017 or beyond, suggesting that further growth in Iraqi production wi...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
DEWA Urges Consumers To ‘Think Smart’ Under New Electricity Strategy
...0 Total 9,656 470 Planned Additions Solar Park 2 (2017) 200 Jebel Ali M Expansion (20...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Saudi Top Oil Brass On China Charm Offensive
...“the second frontier for unconventional after the US,” says Mr Falih. Saudi Arabia has identified three areas with high shale gas potential, one of which in the north near the Jordanian border where production is expected to start in 2016 or 2017. ...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Turkey’s Petkim Readies For Integration Of STAR Refinery
...ochu, under a $3.5bn engineering, procurement, construction and commissioning (EPCC) contract. Petkim plans to start up the plant in the first half of 2017 and does not foresee a shutdown for the hook-up of the two plants. Tecnicas Reunidas says the refinery will produce 4.8mn t/y of ultra-low su...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Refineries Output 2013
...amco 62.5%, Sinopec 37.5% 400 from 2017 Ja...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Oman’s Raeco Targets 25% Rural Renewables
...erates the small Duqm and Musandam electricity grids, with diesel-fired capacities of 67MW and 88MW respectively. Raeco plans to add another 80MW of diesel capacity in Duqm by 2017 and is considering a 300-400MW gas-fired plant. In Musandam Raeco is finalizing the expansion of Khasab power station with 8M...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Business As Usual For ADCO After Majors’ Departure
...the fact that the fields lie in an environmentally sensitive area. The UAE is targeting production capacity of 3.5mn b/d from 2.8mn b/d currently through further development of its onshore and offshore fields by 2020, somewhat later than the original 2017-18 target. This delay is due to a host of...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt To Slash Petroleum Subsidies As Part Of New Budget
...% of GDP to health, education and scientific research by 2017, compared to 6% of GDP in 2013-14. It will aim to achieve sustained economic growth and restore confidence in the Egyptian economy, by adopting a number of reforms intended to correct structural imbalances in public finances, and achieve fi...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Palestinian Natural Gas Ambitions
...viathan field coming onstream in either late 2016 or early 2017. The distribution system in the Gaza Strip is even more in need of investment. In 2007, the World Bank estimated losses during distribution to be around 25%. An equivalent figure for Jordan was half this and for Israel it was ar...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Aramco Gives North Ghawar Reservoirs A Rest
...aybah is due to be completed by 2015, taking production to 1mn b/d, double initial capacity when the field came online in 1998, Aramco says. Khurais is also being expanded to produce 1.5mn b/d of Arabian Light by 2017, up from a current 1.2mn b/d. The company produced an average 9.4mn b/d of crude oi...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Iraq’s Rumaila Down By 200,000 B/D As Water Content Rises
...the country’s producing fields, by offering to raise production to a 2.85mn b/d plateau by 2017 for a per barrel fee of $2, and maintain the plateau production target for seven years. The investment to date has raised production capacity from the field, which has 17bn barrels of recoverable re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Bahrain Oil And Gas Sector Steady In 2013, But Challenges Ahead
...en delayed by at least two years. Previously, MEES reported that Bapco expected to roll out the replacement and new refinery units over a two-year period between 2017 and 2019. Speaking about the timing of the Sitra refinery expansion, Mr Muayyid sees greater market competition from Gulf re...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Aramco Targets Energy Efficiency,
...16 Jazan IGCC 2.40 Residues 2017 Total 4.29 Source: Saudi Aramco. Saudi Aramco Energy Conservation Savings (‘000 Boe/D)...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Sonelgaz $7.6Bn Powergen Outlay By End-2017
...mand growth, the company is adding 12.18GW of generating capacity by 2017. It recently awarded contracts for six combined cycle gas turbine (CCGT) plants worth a total $4.05bn. In an interview with the El Watan newspaper, Sonelgaz official Rabah Touileb said that Algeria’s electricity demand is gr...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Egypt: Receivables Rise Again
...d-2013. Meanwhile in its 16 May preliminary 2013 results announcement, the firm says that first gas from the 2.1 tcf Ain Tsila field, the company’s “most significant asset,” “now appears more likely to occur in 2018 than the previous estimate of late 2017.” FEED is set to begin later this year, wh...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
KPI Positive On China JV
...16, or early 2017, the Vietnamese refinery will exclusively process 30.2° API Kuwait export crude....
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Sisi Promises Economic Reforms
...esidential candidate Field Marshall Abdel Fatah al-Sisi, who is widely expected to win, has said that he will target a GDP growth rate of 7%, and a decrease in the unemployment rate to 8% by fiscal year 2017-18, targets which appear to be highly ambitious, considering current circumstances. He says he is al...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Qatar Faces Cost Blow-Out In Drive To Redevelop Bul Hanine
...r crude production. In the April report, QNB says that it expects oilfield redevelopment to only sustain current levels of crude output. Last year, however, QNB forecasted a growth in crude production to 800,000 b/d by 2017. The bank’s recent break with optimism is in stark contrast with earlier pr...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Delek Raises Funds To Drive Offshore Israel Development
...oduction platform to the wellhead has a capacity of 12 bcm/y (1.16bn cfd). The third pipeline would likely cost $200-300mn and be completed by 2017, according to Israeli daily Globes. Moody’s rating agency gave the bond, issued on 28 April, a Baa3 rating (investment grade, though only just) lowest due to...
Volume: 57Issue: 20Published at Fri, 16 May 2014