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Aramco Vows $100Bn Spend To Phase Out Crude-Burn, Targets Self-Sufficiency
...p (Rawec) Oil 0.16 2016 Shuqaiq (SEC) Oil 2.64 2017 PP13 (SEC) Gas 1....
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Sudan Looks To Boost Output
...th the secession of South Sudan in mid-2011. This translated into a massive economic blow that the government in Khartoum is still struggling to come to terms with. Sudan now targets production of 150,000 b/d by 2017, Sudapet announced earlier this year, around 30,000 b/d up on current levels. Ou...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Kuwait Signs $13bn Refinery Contracts, Pledges Continued Oil Investment
...w 336 Nghi Son, Vietnam (35.1%, 2017) 200 Indonesia (MOU only) 160 China (MOU on...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Qatar Power Demand Tops 7GW; QEWC Advances 2.5GW Plant
...ay ahead of the demand growth curve in the medium term by building two new power and desalination plants: a 2.52GW, 618,000 m3/day plant is due online at Umm Al Haul in 2017, and a 2GW, 655,000 m3/day plant is proposed at Ras Laffan, for potential start-up in 2018. QEWC has informed the Qatar Ex...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Global Supply Overhang May Last Till 2017; OPEC Output Largely To Blame
...OPEC Global Supply Overhang May Last Till 2017; OPEC Output Largely To Blame A weakening global economy and the prospect of additional Iranian barrels mean that global oil demand may not catch up with supply until the year after next. Low oil prices too are unlikely to go away anytime so...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Iraq Progresses With Giant Gas-Fired Plant, But Where’s The Fuel?
...heduled for start-up in August 2017. However, this schedule appears overly optimistic, given the dire security problems in Iraq and the government’s already overstretched budgets for its ambitious oil, gas and power projects. Fuel availability is also a major issue for the Bismaya project as things st...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Egypt: Desperately Seeking Finance
...serves. These reserves, which stood at some $36bn before the 2011 revolution, have fallen to $16.3bn at the end of September, down $1.8bn from the previous month. Egypt needs $10bn for both 2016 and 2017 to meet its “financing needs”, according to IMF regional director Masood Ahmed. He says that th...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Riyadh Eyes $4bn Local Currency Bonds
...rned to borrowing from the domestic market by issuing local currency bonds, which are expected to raise $27bn by year-end. But now there is speculation in Riyadh that in 2016 and 2017 the government will turn to the international market, especially if oil prices remain depressed for an extended period....
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Climate Change Takes Centre Stage Ahead Of COP 21
...e end of September to start a national cap-and-trade system in 2017. ...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
UAE To Spend $35bn On Reducing Gas Imports For Powergen
...an $50/B, Mr Mazru’i maintains that the UAE’s plan to raise oil output capacity to 3.5mn b/d by 2017, compared with 2.78mn b/d for 2014, will not be delayed by the fall in crude prices....
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Aramco Advances Downstream Plans With Petro Rabigh, Sadara Progress
...me in next year and the chemicals plants – polyurethanes intermediates and polyurethanes products – in 2016 and into 2017.” Sadara’s cracker will be the first in the Middle East to process naphtha – the project has feedstock agreements in place for up to 53,000 b/d of naphtha and 85mn cfd of et...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Kuwait Nears Sale Of European Refinery, Targets Asian Downstream
...er 900,000 b/d was refined at home. While the sale of the Rotterdam refinery would reduce its sales into Europe, KPI is a partner in the Nhgi Son refinery in Vietnam, due onstream in 2017 and requiring 200,000 b/d of crude. The company is also pursuing refining projects in Indonesia and China. AS...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Saudi Electricity Demand To Rise 32% By 2020, Says ECRA
...wec Exp (Rawec) Oil 0.16 2016 Shuqaiq (SEC) Oil 2.64 2017 PP13 (SEC) Gas 1....
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Khafji Remains Offline As Neutral Zone Squabble Escalates
...at Chevron will move forward with its planned $5bn, 80,000 b/d first phase of its steam injection program at Wafra. As it stands, the project has already faced several years of delay and a final investment decision isn’t expected until 2017. Costs have also ballooned, which may force the project to be...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
Iraq To Split Basra Crude Streams
...oducing around 320,000 b/d of medium and heavy oil, up from 220,000 b/d a month earlier. Output from the field is due to rise to 400,000 b/d early next year, and eventually to a revised plateau of 1.2mn b/d by 2017. Production from Halfaya, now at just over 250,000 b/d of medium crude, is set to rise to 40...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Capacity Build Takes Saudi Refinery Runs To Record 2.17Mn B/D
...heduled for 2017 start-up. Further ahead, Oman is looking to build a 230,000 b/d refinery at Duqm for 2018 start-up, Kuwait is planning a 615,000 b/d plant at Al-Zour, which is due online in 2019, and Bahrain plans to raise Sitra refinery capacity by 93,000 b/d, also for 2019. Meanwhile, Qatar and Ir...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Bahrain Refinery Revamp To Boost Heavy Oil Upgrading
...y, Bapco’s CEO told MEES that the firm was still in discussions with Saudi Aramco – even though Bapco plans to fund the pipeline itself. The new pipeline will likely be completed in 2017 or 2018, with at least a year to spare before the refinery expansion is commissioned. The expansion is part of...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
IFIs Back Renewables In Southeast Mediterranean
...nk 26 100 Tafilalt solar PV 2017 Morocco World Bank 519 350 Noor 2 & 3 solar CSP 20...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Dana: Egypt, KRG Payment
...na’s Egypt production by 160mn cfd and 5,600 b/d of condensate by 2017. $18Mn From The KRG In Iraqi Kurdistan, Dana Gas says it received a cash advance amounting to $18mn, again a small part of the hundreds of millions of dollars the company says it is owed in back payments for gas an...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Lebanese Economy Resilient Despite External Shocks
...rther $4.4bn in Eurobonds in several tranches to meet its fiscal needs in 2015, 2016 and 2017. A draft law has been sent to parliament to seek approval for the larger Eurobond issue by November, the minister said. The ratification of such a law is essential for debt refinancing. Mr Khalil expects th...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014