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Qatar Awards Condensate Splitter Project To Chiyoda/CTCI
...pected to be commissioned in the second quarter of 2014. This will have capacity to process all the light gasoil from both LR1 and LR2 into ultra-low-sulfur diesel. Detailed engineering work for LR2 began in April. The front end engineering design (FEED) for LR2 was carried out by France’s Te...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Jordan Testing Interest In Waste-To-Energy Projects
...ES, 11 January). Six companies have recently submitted bids to build a 500mw oil shale power plant, with construction to begin in 2014 for start-up by 2017. The Kuwait Fund for Arab Economic Development (KFAED) is providing $150mn funding for a 65mw wind farm in Ma’an governorate (MEES, 10 May), wh...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Calls Mount To Change Saudi Subsidies
...oducts importer (MEES, 3 May). This fuel is purchased at market price internationally, yet it is then sold in the domestic market at the subsidized level. An end to transportation fuel imports should come with the start-up of two key refineries in 2014. French major Total will sell its own sh...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...r ethylene derivatives: “From 2014 excess supply is expected to reach 5mn t/y or more, due to the increases in excess supply in the Middle East as well as the increase in ethylene production capacity making use of shale gas in the US.” The International Energy Agency meanwhile sees global et...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Fragile Economy Dominates Upcoming Iranian Elections
...e IMF’s World Economic Outlook, April 2013, Iran’s real GDP, which fell 1.9% in 2012, is projected to fall by a further 1.3% in 2013, before rising 1.1% in 2014. Consumer prices rose by 30.6% in 2012 and are to increase by a further 27.2% in 2013 and 21.1% in 2014. As for unemployment, the rate, wh...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Fresh Blast Severs Yemen Crude Export Artery
...has dubbed the National Dialogue – a six-month long conference backed by neighboring Saudi Arabia and tasked, among other things, with writing a new constitution and preparing for democratic elections in 2014. With more than 500 representatives from different political parties, regions, tribes and re...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Neutral Zone Contract Awarded
...peline that will take 50-60mn cfd of currently flared associated gas from Khafji. French contractor Technip last year won a contract to build a 110km gas and condensate pipeline, to be completed by the second half of 2014. The pipeline will also take non-associated gas from the Dorra field, which is sh...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Kuwait Grants $215Mn For Jordan LNG Terminal
...frastructure facilities, marine equipment and installations, a floating storage and regasification unit, and servicing of LNG vessels. The LNG terminal, projected for completion in the second half of 2014, will allow Jordan to diversify its sources of energy, which previously depended on Egyptian gas su...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Total Sees Multi-Billion Dollar Solar Opportunity
...be published in 2014 1 Qatar 16% of the electricity production from renewable energy by 2018. 18000gw announced by Food National Security Program with bid rounds in 2013 1.8 Kuwait 5% of electricity production from renewable by 2020, part of...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
MENA Security Deterioration Sounds Oil Investment Alarm
...dley, said on 30 April. “We don’t expect significant production from [the newly-developed] In Saleh southern fields in 2014,” he added. ...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Analysis: Aramco’s Overseas Refining And Product Marketing Strategy
...in late 2014. Aramco Trading also sells refined products that Aramco marketing is unable to, due to factors such as lack of storage or a natural disaster sharply cutting demand. Aramco Trading does not sell LPG or crude, which is still done by Aramco marketing, but unlike Aramco ma...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Iranian Parliament Approves $20Bn Oil And Gas Bonds
...tween the latter and the government remains unresolved and many deputies believe it should be postponed till 2014. With the official inflation rate topping 31.5% in the year ending 20 March 2013, and independently believed to be double that or even higher, implementation of the second phase of th...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
KACARE Outlines Saudi Electricity Energy Source Scenario
...rst Saudi nuclear power plant, which envisaged: procurement during 2013-15 and final vendor selection at end-2015; detailed design in 2014-17; non-nuclear construction during 2016-21; nuclear construction from mid-2016 to mid-2021; fuel loading in mid-2021; and commercial operation at en...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
SEC Awards PP13/14 Management Contract To WorleyParsons
...cle gas turbine (CCGT) power plants. The plants will each have 1.65gw generating capacity. Engineering, procurement and construction (EPC) contracts for PP13 and PP14 are expected to be tendered in 2014, with a view to start-up in 2017. WorleyParsons said the EPCM scope of work in...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
IMF: Diversification Key For Sudan With Oil Revenues Imminent
...thorities have taken some useful measures thus far, but they have to do more,” Mr Jenkins said. “We are quite encouraged by the oil revenue agreement. It will bring, we believe, just under $500mn to Sudan this year, and around $1.5bn in 2014,” he said on the basis that the IMF sees South Sudan ramping up it...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
MENA Power Sector: Catching Up… But Far From There Yet
...owth of 8.4% for the period 2014-18. Such a growth would likely be higher if derived from the ratio of capacity growth to GDP growth of 2 noted earlier. Conversely, capacity growth would surely be lower if demand-side management (DSM) was adopted more decisively and electricity tariff subsidies phased ou...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
KRG Nears Separate Export Decision
...15 and a doubling of refining capacity to 200,000 b/d by 2014. Current liquids capacity stands close to 270,000 b/d. The 2015 targets are based largely on fields that have yet to be fully delineated or appraised, though there is little doubt significant growth potential exists. But for the foreign op...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Qatar Joins renewables Race In Move To Conserve North Field Gas
...likely to end the moratorium on further development when the study is completed in 2014. It has also been reluctant to expand existing export projects – declining to sell more gas to Dolphin Energy, which sends 2bn cfd of Qatari gas to the UAE and Oman via its 3.2bn cfd capacity pipeline. Furthermore, Qa...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
IMF Estimates UAE Real GDP Growth In 2011 At 4.9%
...debtedness, refinancing needs and reliance on foreign funding remain high, with about $30bn of GRE debt maturing this year and significant amount of debt falling due in 2014-15, the IMF added. The IMF executive directors welcomed the continued economic recovery and favorable near term outlook, but at...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Saudi Arabia Heads Donors Pledging $4Bn In Aid To Yemen
...itial $2.17bn to help stabilize the country, fight militant attacks and ease a humanitarian crisis. It also requires a further $5.8bn in the future to develop the economy and national infrastructure, with about $3.7bn needed by 2014. Another donors’ meeting specifically aimed at the aid pledges is to be he...
Volume: 55Issue: 22Published at Mon, 28 May 2012