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Japan Crude Imports: Record Mideast Share As UAE Overtakes Saudi
...ES, 6 August). Other UAE volumes for September included a 235,000-barrel cargo of Sharjah condensate, the first time Japan has taken the grade since March 2017. *Qatar, up 4% at 219,000 b/d for 9M 2021, has overtaken Kuwait, down 18% at 197,000 b/d for number three spot, though Kuwait was ah...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
Saudi Arabia To Shake Up Electricity Sector With SEC Reforms
...liquids in the utility sector last year. CAPACITY PUSH SEC’s generating capacity peaked at 56.6GW in 2017 and after a dip in 2018 and 2019 is expected to increase to around 56.5GW in the medium term. While peak demand has settled at just over 60GW since 2015 as a result of tariff re...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Taqa Hikes Foreign Ownership Limit To 49% Ahead Of Offering
...reign investment in Taqa supports the “significant efforts of our country’s leadership to encourage foreign capital inflows.” State petroleum firm Adnoc has led the way, raising $851mn in a 2017 IPO of Adnoc Distribution. It has also brought foreign investors into its midstream operations (MEES, 26 Ju...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Siemens Talks Mena Power With MEES
...dividuals working closely with the government. And most importantly, they have a better electricity system than they did before. ON A LIBYA REENTRY Q: Siemens signed a €700mn deal with Libya to build two power plants in 2017 that appears to have been derailed by ongoing in...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Abu Dhabi Goes Big On PV As ‘Nonconventional’ CSP Output Slides
...nventional plant. The data implies that Shams-1 has not performed as well as intended. In an AIP Conference Proceedings paper published in June 2017, Shams Power Company general manager Abdulaziz Alobaidli says “it was obvious from the very first day of this project that it will be very challenging” to bu...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Saudi Gas Set To Further Strengthen Domestic Powergen Role
...peline connection (see table). Wasit came online in 2016 and then hit full capacity in 2017. The amount of power generated by gas jumped 717 trillion Btu between 2015 and 2017 as a result, and a similar boost from Fadhili would technically be sufficient to erase crude and diesel burn in the eastern an...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
North Africa Follows UAE, Saudi In Slashing Solar Costs
...uld have cost $649/kW, while its $29.4bn under-development nuclear project with 4.8GW capacity will cost $6,125/kW (MEES, 15 December 2017). UAE/SAUDI SOLAR PV PROJECTS HAVE SET RECORD LOW ELECTRICITY PRICES (US¢/KWH)... ...WHILE NORTH AFRICAN PRICES ARE NOW PLAYING CATCH-UP (US¢/KW...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
SEC Switches Privatization Plan From Sell-Off To IPPs
...cess of peak demand (MEES, 9 August). In the first half of 2019 SEC had access to a total 75.1GW of capacity to supply its grid, 15.5GW above peak load of 59.6GW. Additionally, reduced electricity subsidies have helped cut peak load from the record 62.1GW of 2017 (see chart). PRIVATE SECTOR PL...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Egypt May Ax Coal Plans On Back Of Major Gas, Solar Expansion
...s since soared with the key boost coming with the December 2017 start-up of the 21.5tcf Zohr field discovered just over two years earlier. By late 2018 Egypt had again become a net gas exporter, since when output has continued to soar an all-time high of 6.75bn cfd in August (see chart, p13). 1: EG...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Egypt $4bn Benban Solar Park ‘Complete’
...developers were not satisfied with a Cairo court’s decision, did first EBRD and then the World Bank’s International Financial Corporation (IFC) get behind Benban, backing almost all the projects developed so far (MEES, 3 November 2017). EGYPT’S BENBAN SOLAR PARK REACHES 1.475GW CA...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
SEC Plans Powergen Subsidiary As Step Towards Break-Up
...stern, central, western and southern regions. SEC was created in 2002 by combining GEC and the regional firms. However, the company has since continued to manage its operations through four regional units, whilst in recent years it has also reported sales revenues on a regional basis. Total 2017 SEC re...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Jordan Wind Awards EPC To Denmark’s Vestas
...velop the project in 2016, they aimed to begin construction in 2017 and to begin delivering electricity from the farm in 2019. But like many of Jordan’s investment plans, financing proved the key holdup. Financial close was only reached in September, with funding coming from the World Bank’s IFC in...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
Saudi Generators Build Capacity Cushion Ahead Of SEC Split
....12GW in 2017 and 61.74GW for the 2018 summer peak. In addition to Saudi electricity demand appearing to have levelled off for now, the generating capacity cushion could prove vital to ensuring supply reliability as SEC – which is owned 74.3% by sovereign wealth fund PIF, 6.9% by state integrated oi...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Pearl Gives KRG Khor Mor Gas Boost
...The Kurdistan Regional Government’s creative settlement with the Pearl Petroleum consortium in July 2017 is paying dividends (MEES, 13 July). Production capacity at the consortium’s Khor Mor gas field in the region’s southwest was this week boosted 30% from 305mn cfd to 400mn cfd through de...
Volume: 61Issue: 47Published at Fri, 23 Nov 2018 -
Morocco Pushing Renewables, Eyes LNG Imports In Bid For Cleaner Power
...ectricity with Spain in 2017, as well as 149GWh with Algeria. These brought Morocco net imports of 5.33TWh in 2017 or just over 14% of total consumption. Minister of Energy Aziz Rebbah projects 5.5%/year growth in Moroccan power demand to 2027. Last year Morocco’s electricity consumption amounted to 37...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Egypt Awards Luxor Gas-Fired Plant As Aswan’s Lustre Fades
...red power plant at Assiut, which is currently being upgraded for combined cycle operation (MEES, 6 January 2017). Prior to the extension of the gas grid to Assiut, Egas has previously reached as far south as Beni Suef, where local contractor Elsewedy had built a 4.8GW CCGT plant, together with si...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
PDO Joins Oman’s Shift To Solar
...netheless, OPWP is still seeking alternatives to gas-fired power generation, so that of the 6.85GW of capacity awarded and planned by OPWP and PDO more than 40% is in renewables and coal-fired plants (see chart). The fuel for the delayed Misfah project has yet to be announced (MEES, 30 June 2017). Gas fu...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Masdar Completes Financing Of Waste-Burning Power Plant
...sdar and Bee’ah and is scheduled to begin operating in 2020. French engineering firm CNIM was awarded a contract in May 2017 to design, build and operate the plant. The lenders to the Sharjah project will be the Abu Dhabi Fund for Development (ADFD), Abu Dhabi Commercial Bank, Germany’s Siemens Fi...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Algeria Eyes 2.4gw Power Capacity Boost By Mid-2018, But Money Is Tight
...appearance; the company’s third Algerian CCGT project, Bellara, is also apparently on hold. Korea’s Samsung C&T is developing two of the big CGGT plants. By the end of the second quarter 2017 the company estimated that it had reached 50% completion of the Naama project, for which the co...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Abu Dhabi’s Taqa: Power Steady But Upstream Slumps With Capex Cuts
...E and abroad, are earning steadily and its upstream assets – all overseas – are providing better income. But the company again posted a net loss for the first nine months of 2017. Taqa’s Q1-3 2017 revenue was Dh12.53bn ($3.41bn at the fixed exchange rate of $1=Dh3.6725), down 40% from a record Dh...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017