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Leviathan Eyes Cyprus Tender; Cyprus Eyes LNG
...ns of LNG. First gas is to be delivered between 1 January 2016 and 30 June 2017. The tender expressed no preference for pipeline or LNG delivery. With Cyprus having no current LNG import infrastructure, any offer involving LNG would have to factor in the cost of building such plant. MEES un...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
UAE Considers Long-Term Power Strategy
...lar plant in its solar park 50km south of Dubai city, due online in 2017. Small renewables units are ideal for single-site projects: Dubai’s International Humanitarian City complex is installing 5.6MW of rooftop solar capacity. Conventional projects are also planned. Abu Dhabi’s TAQA and the Fe...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Saudi Arabia Sees No Need For OPEC Output Hike
...ghly ambitious 5.7mn b/d by 2017, up from 3.7-3.8mn b/d today (MEES, 18 April). OPEC’s production, according to MEES surveys of monthly output, rose above the OPEC-12 ceiling of 30mn b/d in February, but has since been below target, largely because of Iran and Libya. Yet Mr Naimi says the focus sh...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Iran Turns Up The Heat On Chinese State Energy Giants
...7mn b/d by 2017, up from 3.7-3.8mn b/d today (MEES, 18 April). Beijing is by far the largest foreign investor in the Iranian upstream, after having stepped in to take control of projects abandoned by Western oil companies that were forced to exit Iran with the tightening of Western sanctions in the mi...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
KPC 100KBD India Deal
...gin commissioning in June. The refinery is highly complex and is built to process ultra-heavy, sour crudes. Kuwait has plans to bring onstream 60,000 b/d of extra-heavy Ratga crude by 2017 and increase production to about 120,000 b/d by 2020 (MEES, 18 April). Indian Oil is moving forward with pl...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Egypt Mulls LNG Import Options
...se Algeria’s problem is a lack of gas, not liquefaction capacity. LNG exports, which declined from 14.26mn tons in 2010 to 10.9mn tons last year, are unlikely to increase substantially (if at all) until the Southwest Gas Project comes online from 2017, and maybe not even then, given Algeria’s pl...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Tupras Boosts Turkish Conversion Capacity
...bsidiary of Azerbaijan’s state oil company and by Turkey’s Calik Enerji. While Calik’s planning for a 300,000 b/d refinery at Ceyhan is at an early stage, Socar is nearing completion of financing for the 200,000 b/d Socar Turkey Aegean Refinery (STAR) at Aliaga, which is expected to begin operating in 2017 an...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Aramco Scales Back Giant Jazan Plans To 2.4GW
...’s lump sum turnkey contract covers engineering, procurement, construction, pre-commissioning and commissioning support. TR says the utilities and offsites will be operational in 2017. This represents a one-year delay from the original 2016 start-up schedule. The delay can be attributed to the ma...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Hamad Bin Jasim Returns With $1.6bn Heritage Oil Takeover
...nths until reaching six active rigs in 2017, Heritage says. The block has 1.1bn barrels of remaining 2P reserves, of which Heritage’s net share is 277mn barrels, the firm says, adding that the block also contains 2.5 tcf of undeveloped gas, as well as “deeper exploration potential.” Production at OM...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Egypt Pushes Back Bid Round Deadline
...paid $1bn in outstanding receivables over the coming two months. IOCs are owed $6.3bn, said Mr Ismail, after they received $1.5bn last December. The government at the time announced the repayment of a further $3bn in monthly instalments to 2017 (MEES, 25 April). The ministry offered no clues as...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Noble Bullish On Leviathan Plans
...s key Israeli fields. Prime among these is the aptly-named 19tcf Leviathan field, the East Mediterranean’s biggest discovery to date. Here, Noble is increasingly confident it will be able to bring the field online by late 2017, more than doubling the firm’s gross offshore Israel capacity to 3bn cf...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
KNPC Moves Al-Zour Forward; Saudi Plants Online By End-14
...abia 400 Under construction, expected onstream 2017. Qaiwan (Bazian Expansion) Bazian, KRG Iraq 50 Expansion to 84,000 b/d by 2018. EPC bids invited OOC/IPIC (DR...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Turkey Taps EBRD For Hydro Cash; Boosts Nuclear, Wind
...st of wind farms and two small geothermal plants (see table). Beyond 2017, the Ministry of Energy is looking to large nuclear and coal-fired plants for major capacity increments. Furthest advanced of the long-term projects is the first 1.2GW nuclear plant at Akkuyu (MEES, 21 March). Russian nu...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
CNPC In Abu Dhabi Upstream Deal
...ing additional barrels online. Abu Dhabi hopes to boost oil production to 3.5mn b/d from 3mn b/d by 2017 – though MEES understands that the target will not be achieved until at least 2020 (MEES, 11 April). In addition to the KNOC/GS Energy concession, Germany’s Wintershall and Austria’s OMV (24.9%-ow...
Volume: 57Issue: 18Published at Fri, 02 May 2014 -
Iraqi Petchem Prospects Hinge On Refinery Integration
...-50bn over the period 2017-23 in building total petrochemicals capacity of 10mn tons/year. “Of course Saudi Arabia and Qatar and others are already producing petrochemicals,” he said. “Those in charge in Baghdad have to consider this and what is happening in refining and the potential for integration. Ne...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
UAE Starts Second Barakah Plant As MENA Nuclear Pursuit Accelerates
...stalled the base section of the containment liner for the reactor at Barakah-1. Further liner sections will be fabricated and installed this year. ENEC said Kepco is on track to start up Barakah-1 in 2017 (MEES, 29 March). Iran’s DIY Approach While UAE’s nuclear development gathers momentum, Ir...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Kish Gas Startup Claims Half-Baked
...urce tells MEES. “It is not yet clear when gas will be produced, but I imagine it may need at least another four to five years. At the earliest, gas will come [onstream] around 2017-18.” These sentiments were echoed by Siamak Adibi, head of Facts Global Energy’s Middle East Gas team, who hi...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
OPEC Capacity Growth To Remain Muted Through 2018
...stream over the coming five-year period. OPEC sustainable Crude Production Capacity Estimates (Mn B/D) 2012 2013 2014 2015 2016 2017 2018 2012-18 Al...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Turkey Joins MENA Capacity Surge As Socar Awards STAR Refinery Contract
...nstruction work was 97% complete and that the 400,000 b/d plant would be fully operational toward the end of 2013. Although the International Energy Agency (IEA) recently said that the 400,000 b/d Yanbu’ Aramco Sinopec Refining Company (Yasref) is now scheduled for 2017-18 (MEES, 17 May), Saudi Aramco ma...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Oman Plans For Power Demand Growth
...e or more new plants in 2017-18 with aggregate capacity of 2.25-3gw. “The capacity requirement,” says OPWP, “will depend partly on the strategy adopted for expiring contracts.” In Salalah, the 276mw Raysut plant is scheduled for privatization in 2014 and the 300-400mw Salalah 2 independent power pr...
Volume: 56Issue: 21Published at Fri, 24 May 2013