1. Barzan Start-Up To Raise Qatar LPG Exports

    ...mn tons/year. An additional 500,000 t/y of LPG is expected to be added once the Barzan gas project is commissioned in 2014.” Dr Sada told the conference that LPG demand is rising rapidly, particularly in the residential and commercial sector: “This is particularly evident in emerging economies such as...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  2. US LNG To Challenge Qatar In Key Asian Markets

    ...gher than current production levels, by the end of the current Iranian calendar year on 20 March 2014. While this pronouncement is likely without merit, it is worth pointing out that Iran has expansive gas reserves to tap. If a future agreement between the P5+1 countries and Iran relaxes sanctions and Ir...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  3. Oman Takes Its Place In Gulf Refining Expansion

    ...sref) Yanbu’, S Arabia 400 U/C**. Due onstream 2014. Takreer (Ruwais Expansion) Ruwais, UAE 417 U/C. Due onstream 2014. NIOC (Persian Gulf St...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  4. 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: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  5. Oman Plans First Solar Unit Under Rural Plan

    ...ar. Start-up is scheduled for June 2014. AER decreed in March that Raeco must incorporate renewables technology – either solar or wind – in each project for which it seeks authority funding. AER estimates Raeco’s total generating capacity at 282MW from 45 diesel-fired plants. Most of Oman’s ca...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  6. Iran Prepares For Full Return To Oil Markets But Will Saudi Make Way?

    ...-nation group meets to determine output policy for the first quarter of 2014, it will have to contend not only with the faster-than-expected rise in US shale oil production, but also prepare the ground for the eventual rise in Iranian oil output if the sanctions are scrapped. Back home, Iran has been bu...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  7. Lebanese Bid Round Hostage To Politicial Stalemate

    ...fore IOCs are sure what they are bidding for and under what specific terms – all subject to the approval of a future government.   With no grand compromise in sight, it may be well into 2014 before Mr Salam is able to form a new government. It is therefore highly likely that there will be fu...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  8. Egypt’s Gas Crunch: Is A Quick Fix Possible?

    ...ne 2014. This fiscal burden has prevented it from paying oil and gas producers in full, and IOC receivables stood at over $6.4bn by the third quarter of this year – likely well over given that this figure excludes key producers such as Eni, Shell and Apache (see table, MEES, 15 November). Eg...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  9. GCC Growth ‘Robust’ Despite Geopolitical, Economic Headwinds-IMF

    ...ojects are implemented and private sector confidence remains high. For 2014, the IMF projects an increase in oil production, which, coupled with steady non-oil growth, would yield an overall GDP growth rate of just over 4%.  Curbing Energy Consumption Absent policy reforms, the IMF expects GCC do...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  10. Iran: Rohani Slams Legacy

    ...mmitments this figure rises to some $133bn, he says. The country had entered a state of “stagflation” with year-to-year inflation in late September 2013 at 43%, but falling to 36% in the year to late October 2013. Mr Rohani is targeting a fall in the inflation rate to 35% by March 2014 and 25% by March 20...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  11. China Consolidates Its Position In The Iraqi Oil Sector

    ....33%.  Production from the field is expected to average 1.45mn b/d in 2013, rising to 1.55mn b/d in 2014. The production plateau in the Rumaila contract is 2.85mn b/d sustainable for seven years. BP and CNPC have proposed three lower plateaus and longer periods, but negotiations have been in...

    Volume: 56
    Issue: 48
    Published at Fri, 29 Nov 2013
  12. Kuwait Withdraws From Key Neutral Zone Project

    ...e second quarter of 2014. Kuwait Crude Production (‘000 b/d)*  ...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  13. KRG Set For Independent Exports Despite Iraq-Turkey Thaw

    ...at output was heading towards a targeted 200,000 b/d by the end of 2014. DNO Executive Board Chairman Bijan Mossavar-Rahmani says, however, that DNO is awaiting guidance from the KRG as to when exports through the independent export route through Turkey could begin from Tawke, which he said cu...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  14. DNO Touts 1bn Barrel Tawke: ‘Why Stop At 200,000 B/D’

    ...es a potential to take production beyond an initially targeted 200,000 b/d by the end of 2014 (from 100,000 b/d now) as it taps into the upper and lower reservoirs of the structure.  Announcing third quarter results last week, executive chairman Bijan Mossavar-Rahmani told analysts that the company ha...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  15. Mideast Condensate To Increasingly Feed Gulf Petchems

    ...ed As Petrochemical Feedstock (‘000 B/D)   Direct Use   Splitters (40% of below numbers)*   2012 2014 2016 2012 2014...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  16. OPEC Holds Firm On 2013-14 Call On Its Crude

    ...13 oil demand in non-OECD countries was revised downward versus the previous month’s estimate on weaker demand growth data from the Asian economies of Japan, South Korea and India. For 2014, world oil demand is projected to increase by around 1.04mn b/d relative to this year, hitting 90.78mn b/d (un...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  17. Services Firms Bullish On Saudi, Wary Of Iraq Security

    ...sts, each resulting from delays under Zubair early production facility construction project. This project was approximately 60% complete at the end of Q3 with an anticipated project completion date of Q3 2014.” “As the Zubair contract is accounted for on a percentage of completion basis all known an...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  18. Jordan Approves 2014 Budget, Spending Up 13%

    ...JORDAN   Jordan Approves 2014 Budget, Spending Up 13%   Jordan plans to raise its 2014 budget expenditure by 12.8% to JD8.096bn ($11.41bn at the fixed exchange rate of 1JD=$1.41) from the 2013 budget, according to the draft budget approved on 13 November. Revenue is slated to ri...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  19. Dubai Set To Launch Plastics Futures

    ...UAE   Dubai Set To Launch Plastics Futures   Dubai Gold and Commodities Exchange (DGCX) announced early this week that it will launch the MENA region’s first plastics futures contract on 28 February 2014. The product to be traded is polypropylene, for which the exchange says gl...

    Volume: 56
    Issue: 47
    Published at Fri, 22 Nov 2013
  20. 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: 56
    Issue: 47
    Published at Fri, 22 Nov 2013