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MENA Turns To Solar Power For EOR As Well As National Grids
...the Neutral Zone, whose production is shared 50:50 by Kuwait and Saudi Arabia. Chevron says it could increase production by an additional 500,000 b/d. A final investment decision on the full field steam injection program is scheduled for late 2014, with first injection scheduled for late 2017. So...
Volume: 54Issue: 45Published at Mon, 07 Nov 2011 -
Iraq And The Security Of Energy Supplies For Europe
...d-2009 to a plateau of about 11.7mn b/d sustainable for the six consecutive years of 2017-22 and generating a substantive influx (trillions of dollars) of oil export revenues for a duration of 20 years. There will also be 820mn cfd from the three gas fields mentioned above and significant associated gas, es...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Baghdad Initials Mansouriya And Siba Gas Deals
...rgeted 12mn b/d-plus production capacity by 2017 is a tall order and quite possibly unwanted given the potential negative impact such a tsunami of incremental production could have on outright prices. The infrastructure challenge is prompting outside observers to completely dismiss Iraqi official ta...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Socar Sees Shah Deniz 2 Gas Agreements By Mid-2011
...ose maximum production capacity is estimated to reach 16 bcm/y by 2018-19. Early gas is expected to start flowing by late 2016 or early 2017, he noted. On 14 November, Socar’s Vice-President for International Affairs Elshad Nassirov, who is leading the company’s negotiating team with Botas and th...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...a genuine world power in global oil markets. Iraq has plans to catapult its capacity from around 2.5mn b/d to over 12mn b/d by 2017. While few believe anything like such a surge is feasible in that time frame, there is a genuine prospect that Iraq could certainly upset inter-OPEC power dynamics an...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010 -
Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Saudi Cabinet Approves Plans For Russia Nuclear Pact
...rm Atomstroyexport is currently in the second bidding round for the contract to build Jordan’s first nuclear reactor – planned for 2017 – using its AES-92 VVER-1000 technology. An early agreement with Saudi Arabia could see Russian reactor models get more weighted consideration from the au...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Iraq’s Technical Service Contracts – A Good Deal For Iraq?
...fer for the West Qurna 1 project (southern half of the West Qurna field) combined a Remuneration Fee per Barrel (RFB) of $1.90/B with a seven-year plateau production rate of 2.325mn b/d to be reached by 2017. Capital and operating costs were set at $25bn each over the life of the TSC (20 years ex...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
The Rush For Oil: Iraq’s Oil Capacity Potential And Regional Geopolitics
...oduction increments would come from the improved production rates in the producing field and the first commercial production in the green fields in 2011 and considerable capacity additions would be achieved by 2013. However, by 2016 and 2017 all fields will be hitting their production plateau target. The th...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
OMV Starts Nabucco Gas Supply Talks With Shah Deniz Consortium
...rameters of their cooperation. A draft of the agreement has been circulated in recent weeks. The Nabucco partners envisage first phase capacity of 8-12 bcm/year to start up in 2013, with completion of a second phase by 2015 and a third phase in 2017-18. Mr Auli said that, while Nabucco’s proposed fi...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Syrian Parliament Ratifies Extension Agreements With Shell And Total
...tal, which were approved by the Syrian Council of Ministers on 5 August and signed on 3 September (MEES, 8 September). The extension with Shell covers agreements which are due to expire during the period 25 December 2008 to 31 December 2017, while that with Total extends the existing license for 10 ye...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Private Financing To Play Key Role In Developing Saudi Power Projects, Says NCB
...ctor involvement in building 25,275mw capacity on a BOT basis with capital investment of SR67.43bn ($17.98bn). These projects would have an 80:20 capital structure and are targeted for completion by 2017. In addition, SEC would need to mobilize an estimated SR36.92bn ($9.85bn) to install 18,755mw ca...
Volume: 47Issue: 48Published at Mon, 29 Nov 2004 -
Oman LNG $1.3Bn Refinance Moves To Second Round Of Bidding
...ming to market at this time. He also noted that acquiring two preliminary ratings would support the transaction. Standard and Poor’s (S&P) rating agency announced on 5 November that it had assigned an A- bank loan rating to the proposed $1.3bn commercial bank facility due 2017. The agency noted th...
Volume: 44Issue: 48Published at Mon, 26 Nov 2001