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Iraq Hikes 2015 Export Projections, Includes Kirkuk, KRG Oil
...2009 and 2010 for further development or development of major oil fields in the south with initial plans to raise production capacity to over 13mn b/d by 2017. It has since lowered its target to around 9mn b/d and has negotiated lower plateau production targets with nearly all the major op...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Dubai Solar Shortlist
...en completed in 2030. Phase-2 is slated for 2017 start-up. Phase-1, a 13MW capacity solar PV plant was connected to the Dubai grid in October 2013. Dubai aims to generate 5% of its electricity from solar plants by 2030, although gas will still be the main provider with 71%. While DEWA is keen to...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Qatar Looks Resilient To Lower Oil Prices
...ile lower oil prices will sooner or later feed through into lower LNG revenue, Qatar, with its already established infrastructure, is in a much stronger position than the nascent competition. Australia is set to overtake Qatar as the world’s number one LNG producer by 2017 on their way to pr...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Jordan Moves Toward Austerity In 2015
...760mn) for current spending an JD1,175mn ($1,657mn) for capital expenditure. With inflation estimated at 2.4% in 2015, total spending is slated to rise by less than 1% in real terms. Real GDP is expected to grow at 4% in 2015 and 4.5% in each of 2016 and 2017. The Economy In 2014 Reviewing the cu...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
BP Still Hopeful Of Kirkuk Deal
...ploration and production, tells MEES that preparations are under way to start the third and final phase of development to take output towards the new, revised plateau of 400,000 b/d by 2017. Halfaya is operated by PetroChina with a 45% stake. Its partners are: Petronas (22.5%) and Total (22.5%) and Iraq’s So...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
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