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...

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...

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...

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...

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...

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...

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...

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...

Duqm Complex Set For 2017 Completion