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KNPC To Close Shuaiba In 2017
...KNPC To Close Shuaiba In 2017 Kuwait’s state refiner KNPC will shut down its ageing 200,000 b/d Shuaiba refinery permanently by April 2017, more than two years earlier than planned the company said this week. This follows a series of unplanned closures, most recently due to a fire in a he...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Egypt Looks Beyond Current Storms To Gas-Fueled Upland
...cent corporate presentation, adding that Shell’s previous drilling had targeted offshore Egypt’s “classical Tertiary clastic play.” Eni’s confidence in its new model was such that it drilled the Shorouk block’s Zohr prospect despite there being no contractual obligation to do so before a second, 2017...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Edison Hopes For More Zohr
...cense in the latest bidround (MEES, 9 October). It also has the Israeli Neta and Royee licenses immediately to the east of its Egyptian offshore acreage. “We plan on drilling North Thekah more towards the beginning of 2017. We would consider drilling Port Fouad in 2017 – potentially back to back to No...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
A New Vision: Kurdistan, A Major Gas Province?
...itial 4 bcm/year of natural gas to Turkey from 2017, rising to 10 bcm/year by 2020 and with the option of increasing to 20 bcm/year thereafter (MEES, 11 April 2014). However, Mr Hawrami acknowledged that the KRG’s financial strains mean that the timeline would likely “slip by six to twelve months, to 2019 pe...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Oman Invites Bids For Building Duqm Refinery, Awards Liwa Cracker
...r a PET technology license. Ompet had planned to achieve financial close for its PTA/PET plant by mid-year, with a view to project start-up in 2017. However, the financial arrangements have yet to be concluded, which suggests that the PTA/PET plant start-up target is likely to be pushed into 20...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Egypt Joins MENA Nuclear Club Through 4.8gw Deal With Russia
...pco E&C has started construction of the containment building for the last of its four 1.4GW reactors at Barakah. State nuclear firm ENEC says it is on schedule to start up one plant per year during 2017-20 (MEES, 25 September). Iran signed a deal with Rosatom to press ahead with two further 1GW re...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
BG Deal Brings Cyprus, Israel Gas A Step Closer To Egypt
...rket, rather than re-export as LNG, is concerned). This is especially the case given that, according to any conceivable timeframe, Zohr, slated for fast-track development with first gas in 2017, will come online years before Leviathan or Aphrodite (MEES, 23 October). Eni and Spanish firm Union Fe...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Middle East To Drive Gas Growth, But Is It Sustainable?
...ian countries. Spot prices in East Asia were reported at around $6.6/mn BTU in October, compared with around $12/mn BTU a year ago. “We expect LNG prices to fall by around 20% next year, and by another 18% in 2017,” Moses Rahnama, gas analyst at London-based Energy Aspects tells MEES. LNG pr...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Egypt Tying Up Gas-Fired Finance, Looks To Advance Renewables And Nuclear
...s-fired turbines will be installed in three 4.8GW combined cycle gas-turbine (CCGT) plants, at Beni Suef, Burullus and a planned new capital city 45km east of Cairo. These will be built by Egyptian firms Elsewedy Electric and Orascom Construction for start-up during 2017-20. Each plant will co...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Opec Market Share Policy To Bear Fruit Next Decade - But Not For All
...intain expensive plans to hike output. This assertion was backed up by Mr Mazru’i at Adipec in Abu Dhabi on 9 November, who stated that the fall in oil prices had not changed the country’s vision. He reaffirmed his commitment to increasing crude production to 3.5mn b/d by 2017, a target the IEA ap...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Israel Reaches Final Hurdle Before Gas Outline Implementation
...livered between 1 January 2016 and 30 June 2017, with Defa thought to favor bids that stipulate an earlier start date (MEES, 18 April 2014). Three bids are currently on the table: from a Greek consortium headed by local businessmen; from trading giant Vitol which this year opened an oil products st...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Lebanese Politicians Pass Essential Financial Laws
...oductive cabinet. LEBANON: KEY ECONOMIC INDICATORS -IMF 2011 2012 2013 2014 2015 est. 2016 est. 2017 est. GDP Gr...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Abu Dhabi Reaffirms Output Hike Pledge As Adco Stalemate Continues
...The UAE remains committed to increasing oil production to 3.5mn b/d by 2017. Delegates at last year’s Adipec conference eagerly anticipated an announcement on which companies would be awarded shares in the 40% of the Abu Dhabi Company for Onshore Petroleum Operations (Adco) concession av...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Iran: It’s All About The Contracts For Total
...d of the current government’s term in August 2017, according to a 6 November report by state news agency Mehr. The Total CEO conjectured that without foreign assistance, Iran will likely be restricted to increasing production by “300, 400, 500,000 b/d;” even after this “it will take time.” On...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
IEA Rolls Up Sleeves In Run-Up To Climate Conference
...llion (ppm) by 2030 – a level deemed synonymous with limiting global warming to 2°C above pre-industrial levels. The IEA claims the transition to a low-carbon world is under way, citing the introduction of policies such as the US Clean Energy Act and China’s plans to start a carbon trading scheme in 2017...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
More Pain To Come As Iea Sees $80/B ‘Rebalance’ But Not Till 2020
...2015-2020 CHANGE IN US TIGHT OIL OUTPUT AT VARIOUS OIL PRICES* (MN B/D) MARKET TO REBALANCE IN 2016? 2017? Mr Falih, the UAE’s Mr Mazru’i and Opec’s Mr Badri all are forecasting that balance will be restored to the global oil market in 2016. Mr Badri says that he ex...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Apache Hits Egypt Output Record Despite Capex Cuts
...s output of 4.2bn cfd (see graph). Apache’s Egyptian gas output peaked at 918mn cfd in Q4 2013. Eni is Egypt’s top net gas producer with 650mn cfd, almost double Apache’s net 365mn cfd, and is set to surge ahead with the planned 2017 start-up of its giant 30 tcf Zohr discovery (MEES, 6 No...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
McDermott Sees Brownfield Shift In Gulf Contract Awards
...llhead jackets. Installation of two jackets in the Bul-Hanine field offshore east of Doha has been scheduled to be completed by December 2016 with the remaining two scheduled for completion in July 2017.” This month Qatari LNG producer RasGas awarded McDermott EPCI work on a flow assurance and looping pr...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Jordan Budgets For Ambitious 2016 Spending, Revenue Hike
...14 and JD520mn in 2015, and that Jordan will receive a further JD460mn in 2016 and JD400mn in 2017. But the draft 2016 budget omits a tranche of the $1.25bn originally pledged by Qatar after the latter failed to honor its pledge in the past year. Mr Tuqan blames this shortfall for the near doubling of...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Egypt’s Waning Gas Output Receives Nile Delta Boost
...EGYPT Rising Nile Delta gas output offers the promise of relief to ongoing shortages. Egypt’s gas output has fallen every quarter since Q3 2012, dropping to just 4.2bn cfd in the third quarter of this year. A significant hike is unlikely before late 2017 when Cairo hopes to have st...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015