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Kuwait Sticks To 4Mn B/D 2020 Target, But Questions Remain
...wait hopes that the northern field – which extends into Iraq, where it is known as Rumaila – will produce 60,000 b/d of extra-heavy 12-15° API crude by 2017. Output would be doubled by 2020 and boosted to 270,000 b/d by 2030. Originally, Ratga was scheduled to produce 150,000 b/d by 2013, ramping up to 90...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Majnoon And Rumaila Give Iraq Much Needed Production Boost
...e 12bn barrel Majnoon oil field in January 2010, when they submitted a winning bid to raise output from a baseline of 46,000 b/d to a plateau of 1.8mn b/d by 2017 for a remuneration fee of $1.39/B. A lower plateau extended over a longer period would squeeze margins and Shell, along with ExxonMobil (We...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Algeria Optimistic On Future Production Potential
...natrach foreign joint venture partners planned to return expat personnel to In Amenas, the gas complex that was the site of a deadly attack by Islamist militants in January. Another key expansion project is Petroceltic’s 355mn cfd Ain Tsila development, slated for late 2017 start-up....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Sonatrach Preempts Petroceltic Ain Tsila Sale
...rrels of condensate. First gas is scheduled for 2017. Petroceltic now owns 38.25% of Ain Tsila, whilst Italian power firm Enel has 18.375%. Petroceltic, following its initial 2011 farm out to Enel, has for some time sought to divest a second similar-sized stake: both to help fund development an...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
ENOC Forms Saudi Road Tankers Venture With Tristar
...sed in Jubail with initial capital of SR30mn ($8mn). ENOC-Tristar will begin with a small fleet of road tankers, expanding to 500 vehicles by 2017. It will also operate petroleum and chemicals storage facilities. Burhan al-Hashimi, head of ENOC Retail, said: “ENOC has built strong industry pa...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Algeria Launches Biskra Amid Problems For North African Refiners
...9bn). Algeria plans to tender for identical refineries at Biskra and Tiaret, and has set a 2017 start-up target for these and similar refineries at Ghardia and Messaoud. Minister of Energy and Mines Yousef Yousfi has also said that Biskra could form the core of a regional petrochemical hub (MEES, 15 Ma...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Nuclear: UAE Pushes Ahead, Iran Waits On Bushehr
...UAE/IRAN Nuclear: UAE Pushes Ahead, Iran Waits On Bushehr The UAE is making progress on 5.6GW of planned nuclear capacity set to come online during 2017-20. Emirates Nuclear Energy Corporation (ENEC) CEO Muhammad al-Hammadi told a 7 October Abu Dhabi public forum that the fi...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Majors Look To Cling On To ADCO Stakes
...oduction capacity to 1.8mn b/d by 2017 are still on track regardless, he added....
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Dubai Refinery Doubts Amid Gulf Capacity Surge
...16 start-up Saudi Aramco Jazan, S Arabia New 400,000 b/d plant due onstream 2017 OOC/IPIC (DRPIC) Duqm, Oman New 230,000 b/d plant due onstream 2017 Sa...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Morocco’s ONEE Announces 2013-17 Electricity Plan
...Morocco’s Office National de l’Electricité et de l’Eau Potable (ONEE) will spend MD112.3bn ($13.5bn) improving Morocco’s security of electricity supply over 2013-17. ONEE plans to raise Morocco’s generating capacity by almost 70% by 2017 (to 11.28GW). Of the 4.59GW of new generating capacity to...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Egypt Lines Up Power Loans
...ectricity Production Company. It will comprise three 650MW gas-fired generating units and will be able to burn heavy fuel oil during gas shortages. Egypt’s generating capacity is 24GW, and the government said in 2010 it needed to add 10.45GW of capacity by 2017. More recently the government has announced pl...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
OPEC Relaxed On Supply, Prices
...fected. Angola and Nigeria and now they found another market and they are very happy. Libya and Algeria have not been affected because of the sweet oil that is being produced by the US.” While it is true that demand for OPEC crude is likely to remain flat at 30mn b/d until 2017, there is no th...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
South Sudan Orders Oil Production Restart
...l Output Through 2017 In its Medium-Term Oil Market Report 2012 meanwhile, the International Energy Agency (IEA) said it did not expect to see any significant increase in either country’s production over the coming five years, despite best efforts by both the Sudanese and Southern Sudanese go...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Qatar Faces LNG Market Challenges
...e Sabine Pass project, and the next project that is likely to go ahead probably won’t read final investment decision (FID) until 2Q13, or even 2014; putting them in the 2017-18 time frame,” Mr Flower says. But if Japan starts importing US LNG at Henry Hub prices, some feel this may re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Middle East Refinery Capacity To Surge, Says IEA
...owing regional oil product demand,” Toril Bosoni, refining analyst for IEA’s monthly Oil Market Report, told MEES. The IEA sees Middle East oil demand growing by 1.7mn b/d from 2011 to 2017 or an average annual growth rate of 3.4% – the highest in the world. With forecast additions to Middle East re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Iraq Wakes Up From Power Shortage Nightmare
...the Kurdistan Regional Government (KRG) into a 1,500mw Combined Cycle power station by 2015. Even after the mega-deal purchases, Iraq plans to spend around $4.5bn/year, or some $27bn, up to 2017, on its electricity sector (see table). This 2012-17 spend will break down as follows: $14bn fo...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Woodside Keen On Leviathan Partnership, Pelagic Prepares Aphrodite-2 Well
...cility located in Cyprus – but will need a strategic partner experienced in LNG to carry the project through. Currently, the target date for Leviathan production start-up is a tentative 2017. But exports from Leviathan and other Israeli fields will depend on whether the Israeli government’s export policy fo...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
IEA Predicts Bleaker Days Ahead For OPEC
...ar through to 2017, and the estimated Call on OPEC is cut from 2013 by some 600,000-900,000 b/d. The IEA has also downgraded its projections for OPEC NGL supply. And most critically for OPEC member countries, the MTOMR sees average oil import prices falling in nominal terms from $107/B this year st...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Turkey Turning To Nuclear Power, Counting On Coal
...clear power plant at Barakah in Abu Dhabi in partnership with the Emirates Nuclear Energy Corporation (Enec). Project cost is put at $20bn and it is due to come online in 2017. Turkish and Russian heads of state signed in May 2010 an intergovernmental agreement allowing for the Russian fi...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
UAE Issues Liability Law For Nuclear Power
...newables and coal-fired power programs. Nuclear operator Emirates Nuclear Energy Corporation (ENEC) plans to build four 1.4gw capacity nuclear plants at Barakah, with one becoming operational each year during 2017-20. While the UAE continues to put in place the legislation and organizations re...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012