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UAE Says Oil Price Will Not Impact Expansion
...hieved by 2017 but slippages have pushed the date further into the future, though there is no doubt that Abu Dhabi will eventually make its promised contribution to global oil supplies. Still, uncertainty over the future makeup of the lapsed Abu Dhabi onshore concession (see p15), preparations to ne...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Keeps Oil Majors Guessing On Onshore Renewal
...volvement in building Abu Dhabi’s first nuclear power plant, due to become operational by 2017, it won the right to develop three oil fields in partnership with Adnoc. Like Japan, it also has a crude storage deal with Abu Dhabi. OXY: It’s Complicated For US mini-major Occidental (Oxy), the situation is...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
MENA Coal-Fired Power Gathers Steam As Egypt Plans Major Project
...chnology. RAK’s existing capacity is gas or diesel-fired (MEES, 8 November 2013). Next online will be a 318MW plant at Jerada in Morocco, due to be commissioned in fourth quarter 2017 by China’s Sepco III. This is one of two coal fired projects in Morocco – France’s GDF Suez is building a 1.39GW plant at...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Saudi Arabia’s Major Gas Development Stalls
...lay in gas substitution for power generation, which vies for gas feedstock with the petrochemicals sector and desalination plants, will eat into volumes of crude oil available for export in the future at a time when Saudi refining capacity is set to rise by 1.2mn b/d by 2017. Total oil burn, in...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Qatar And China Strengthen Trade And Investment Ties
...ansformation in the coming years, when a number of Australian liquefaction projects are completed. Indeed, Australia is set to surpass Qatar as the world’s leading supplier of LNG in 2017. US LNG exports will follow Australia into the Asia Pacific market starting next year when Cheniere Energy’s first 4.5mn to...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Turkey Backs Gas, Renewables; May Take Nuclear ‘In-House’
...ojects either under development or planned due to raise this to 72.3GW by the end of 2017. Turkey’s total projects pipeline amounts to 22.3GW, including 9.2GW of nuclear and 8.8GW of additional coal-fired capacity from 2020 onwards. Gas, Wind And Geo The latest project to reach the construction st...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Abu Dhabi Wraps Up Finance For Mirfa IWPP
...4GW nuclear plants at Barakah, due online in 2017-20. Abu Dhabi Water and Electricity Authority (ADWEA, 80%) and France’s GDF Suez (20%) are targeting a phased start-up during 2016-17. Whether similar large-scale gas-fired capacity is sanctioned in the future may depend on UAE’s ability to so...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Is $90/B The New $100/B For Saudi Arabia?
...ll produce 200,000 b/d. The 250,000 b/d Shaybah expansion is due to be completed in 2015 and Khurais in 2017, according to Aramco’s work schedule, ensuring that Saudi Arabia can maintain its current production capacity beyond the end of the decade. OPEC Demand Forecasts OPEC’s WOO expects gl...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
GCC Aid For Egypt Benefits Gulf Independents
...w blocks, taking two in the Nile Delta. The company last month said it had been paid $47mn (in Egyptian pounds) by Cairo, although $11mn of this has been ring-fenced for spending on its plans to expand its Egyptian output to 160mn cfd by 2017 (MEES, 24 October). Under the deal Dana Gas is allowed to ex...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Jordan Looks To Slash Deficit In 2015 Budget
...e objective of controlling and boosting the efficiency of public spending. The budget estimates annual GDP growth at 4% in 2015 (in line with the IMF’s latest estimate) and 4.5% for 2016 and 2017. On the expenditure side, current spending is estimated at JD6.9bn ($9.729bn), up 2.9% from 2014, ma...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
US LNG To Challenge Qatar In Key Asian Markets
...A). This could mean additional competition for sales to Qatar’s key Asian customers Japan, China and India, as well as Europe from 2017, when Freeport hopes to begin exports. Of LNG importers only South Korea and Singapore currently have FTAs with the US. Freeport will be able to export a total of 1....
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Oman Takes Its Place In Gulf Refining Expansion
...gineering and design (FEED) for a $6bn, 230,000 b/d refinery at Duqm. DRPIC has received both technical and commercial bids for the FEED, expected to take 14 months. Delays in awarding the design work are expected to push the refinery’s target start-up date back from 2017 to 2018. Once completed, DRPIC ai...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Hydrocarbons Remain Key To MENA Power Expansion
...nagement contract for PP13 and PP14 to Australia’s WorleyParsons. SEC plans to award engineering, procurement and construction (EPC) contracts for the plants in 2014 with a view to 2017 start-up (MEES, 3 May). In September, Korea’s Hyundai awarded France’s Alstom a €170mn contract for four 720MW steam tu...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...me online in late 2017 at the earliest following repeated delays. “The new oil minister is trying to stimulate investment and [gas] supply, particularly from the Mediterranean. They have some deepwater and shallow water discoveries, [but] it’s pretty much stranded at the moment because of the gas pr...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
China Consolidates Its Position In The Iraqi Oil Sector
...conclusive. CNPC’s third success is Halfaya, where it is the operator with a 37.5% interest along with Total and Petronas (18.75% each). The field, with proven reserves of 4.94bn barrels, is expected to reach a plateau of 535,000 b/d in 2017 sustainable for 13 years. First phase development to a capacity of 10...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
North African Oil Benefits From New EBRD Focus
...nisia through the takeover of Canada’s Winstar, and net production is a modest 1,660 boe/d. Four of the fields are fully owned by Serinus, one is majority owned by state oil company ETAP. A development program spanning to 2017 is expected to boost output to at least 3,020 boe/d according to the co...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Egypt Plans Nuclear Tender, UAE Progresses First Reactor
...clear plants over 2017-20 is a key component of an “energy portfolio that guarantees security of supply and dependable electricity,” UAE Minister of Energy Suhail al-Mazrouei says. Speaking on 11 November at an Emirates Nuclear Energy Corporation (ENEC) conference, Mr Mazru’i predicted UAE electricity de...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Gulf Producers Face Increased Competition In Asia Condensate Markets
...e gap. East of Suez Segregated Condensate Supply Outlook - Base Case (MN B/D) 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Basra In Turmoil As Oil Services Firms Retreat Following Violence
...maila is being developed further by a consortium of BP and Chinese state firm CNPC, and was the first service-contract to be awarded by the Iraqi oil ministry in its first post-war bidding round in 2009. The contract calls for raising production to a plateau of 2.85mn b/d by 2017, but the Rumaila co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
Abu Dhabi Ups The Ante As Oil Acreage Race Heats Up
...ergy, while maintaining its role as a reliable supplier of hydrocarbons to the world. To that end it is spending $70bn to raise its oil production capacity to 3.5mn b/d by 2017. He did not provide a figure for current capacity, believed to be around 2.8-2.9mn b/d. “International oil and gas co...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013