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Risk At Center Of Oil Industry Outlook
...emselves. Some of the equipment is over 50 years old. This should have been the priority, not increasing production capacity.” He said that contracts in place in Iraq were intended to raise total production capacity to 13.2mn b/d by 2017, “but none of the institutions now accept this plan. The Ministry of...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Turkey Allows Russian Gas Import Deal To Expire In Move To Open Up Market
...ojects have submitted bids for Stage 2 gas from the offshore Shah Deniz gas field, due to come on-stream in 2017 (MEES, September 26). Production of Shah Deniz 2 gas is set at 16 bcm/y, of which Turkey has already been allocated 6 bcm/y. Turkey’s Natural Gas Sale And Purchase Agreements Ag...
Volume: 54Issue: 42Published at Mon, 17 Oct 2011 -
Gulf Turns To Unconventional Gas To Ease Shortage
...e Middle East and North Africa have 2,548 trillion cu ft of shale gas and 823 tcf of tight sandstone gas in place. Bahrain will face a peak gas demand deficit by 2015 and an average annual deficit by 2017, according to a presentation by 'Abd al-Abi Mukhtar, Manager of Deep Gas Exploration for st...
Volume: 54Issue: 41Published at Mon, 10 Oct 2011 -
Qatar Faces Challenge of Complex, Changing European Gas Market
...lling LNG at prices lower than Qatar’s. A lowering of costs in Asia-Pacific when Australia becomes the world’s leading supplier of LNG may drive Qatar LNG increasingly into the European market. Price is likely to face further competition when Canadian and US Pacific Coast LNG terminals open in 2017...
Volume: 54Issue: 40Published at Mon, 03 Oct 2011