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Jordan Signs MOU With Canadian Firm For Shale Oil Project
...art production at the rate of 20,000 b/d of crude from shale oil by 2016. It also plans to complete a 460mw power plant by 2017 which would burn shale oil. A second Jordanian-British firm, Karak International Oil (KIO), is exploring near the city of Karak, 100km south of ‘Amman and intends to produce up...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Iraqi Electricity Industry Poised For 20,000MW Lift-Off
...ve languished in warehouses until now. But, even discounting 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 for generation, $5bn for transmission and $8bn for di...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Chevron Neutral Zone Delay Jeopardizes Kuwait 2020 Crude Target
...udhatain fields, starting in August 2013. Ms Hashim and KOC chief Sami Al-Rushaid, have both said that the region’s production capacity will reach 1mn b/d in 2017 through opening three new crude collection centers, a 400,000 b/d water injection project, 400 wells and an oil pipeline to Mina al-Ah...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Cyprus Nears Exploration License Awards, Says Minister
...early 2013 and the LNG project proposal. “Noble has given us a very good plan explaining all the requirements for developing Block 12,” he said, but added that it will be 2017 before Block 12 gas will be available for domestic use. For that reason Cyprus must find an interim gas supply fo...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Qatar Faces LNG Competition As Japan Diversifies Suppliers
...ptember with the Japanese government, which will help fund the planned $13bn LNG export terminal in Vladivostok. It could speed up Gazprom’s final investment decision (FID) on the initial 10mn t/y capacity plant, which is scheduled for first phase completion by 2017-20. Gazprom has said that it could su...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Algeria Advances Refining Expansion With Start Of Biskra Construction
...0,000 b/d set to come onstream by 2017. The Biskra plant will produce 500,000 t/y (11,600 b/d) of gasoline, 220,000 t/y (7,000 b/d) of LPG and 169,000 t/y (3,600 b/d) of Kerosene, according to energy minister Youcef Yousfi, speaking at the launch. Three further plants of “similar” configuration ar...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
UAE Secures $2Bn Ex-Im Bank Loan To Buy US Nuclear Equipment
...ese are due to come on-line from 2017. By David Knott The Export-Import Bank of the United States (Ex-Im Bank) announced on 7 September the authorization of a $2bn direct loan to the UAE’s Barakah One Company to underwrite the export of American equipment and services for th...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Iran’s Bushehr At Full Capacity, MENA States Pursue Nuclear Programs
...ectric Power Corporation (Kepco). ENEC plans to build four 1.4gw plants, with the first to be built at Barakh and due on-line in 2017 (MEES, 20 August). Jordan, like Iran, has substantial uranium reserves and sees extraction as part of its nuclear program. Parliament has not approved the go...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Oman Pushes Refinery Expansion, Considers Impact On Crude Exports
...finery – is scheduled for start up in 2017, followed by Phase 2 – a petrochemicals plant, which is still being studied. It could produce ethylene depending on gas supply. Oman faces a gas shortage, but BP’s 1bn cfd Khazzan-Makarem tight gas project could be on stream by then (MEES, 20 July). Or Oman could op...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Oman Eyes $110Bn Upstream Investment
...r declaration of commerciality and a final investment decision by the second quarter of 2013 and start-up by end-2016/early 2017. PDO – which has invested about $300mn in its five-year gas exploration program, including drilling one of the deepest wells in the Middle East (7,145ms) – plans to...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Algeria Details Power Generation Capacity Expansion Plans
...nsumption peaking at 9.78gw on 2 August. Outages sparked violent protests in various parts of the country. Sonelgaz estimates that double-digit demand growth seen in recent years will continue and expects 12.3% a year growth in peak summer demand between now and 2017 (see chart). Domestic demand ac...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Bankers Shrug Off Downturn To Finance Qatar’s $10Bn Barzan Gas/NGL Project
...not covered by OPEC quotas. Qatar Base-Case Condensate Supply Outlook (Mn B/D) Source Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 20...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
NOC Poised To Launch 300,000 B/D Kirkuk Rescue Plan
...ntracts for the expected 110,000 b/d Najma field and the 120,000 b/d Qayara field. These are not scheduled to reach plateau output until 2017. Both projects are progressing slowly, MEES understands. NOC currently flares around 100mn cfd of its 300mn cfd gas production. But this is to be radically re...
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Sohar Aluminium To Assist OPWP To Meet Peak Power Demand
...ojected to increase from 1.924gw in 2011 to 3.464gw by 2017, an average growth rate of about 9% per year(MEES, 16 May). Currently, Oman’s net power generation capacity is 3.8gw and is fully contracted to OPWP under long-term power and water purchase agreements....
Volume: 54Issue: 38Published at Mon, 19 Sep 2011 -
Iraqi Hydrocarbon Tensions Ratchet Up
...e summer, while the LNG market is a winter market,” notes the source. But there is no unanimity as far as supply projections are concerned. Former ministry gas expert Asri Mousa at the July London conference gave a 2017 production figure of 7.5bn cfd. And the source estimates by that time there wi...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
BP Eyes Expansion Of 1Bn CFD Oman Gas Project
...ll-head gas, some of which will be used for power generation at the site, over one-two years. It will remain on plateau at 1bn cfd for a minimum of 10 years. The project will probably start with around 40 wells in 2016, increasing to 60 during 2017, and add 20-25 additional wells each year for 10...
Volume: 54Issue: 37Published at Mon, 12 Sep 2011 -
From Glass Box To Smoke-Filled Room: How Rumaila Contract Was Renegotiated
...tural resources. The issue is especially pertinent, as the total Iraqi production according to the contracts awarded in the two auctions of 2009 is projected to be over 12mn b/d by 2017, up from around 2.5mn b/d today. If this were achieved, it would crash the oil price, and Iraqis would get less in...
Volume: 54Issue: 36Published at Mon, 05 Sep 2011 -
Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ate-owned oil firm ADNOC is unable supply enough gas. Abu Dhabi Water and Electricity Authority (ADWEA) has 10.11gw power capacity, which will rise to 12.222gw by year end, MEES understands. It needs to build at least a further 10gw of generating capacity by 2017. The expansion would require 1.186bn cf...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Credit Suisse Appointed Financial Advisor For UAE Nuclear Program
...irates Nuclear Energy Corporation (ENEC) as the UAE proceeds to develop nuclear power generation capacity over the next 10 years. The bank is expected to focus primarily on project risk assessment. The UAE’s first 1.4gw nuclear reactor is set to become operational by 2017, with three others targeted for co...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Jordan-Japan Nuclear Agreement Speeds Up Reactor Bidding Process
...th Japan, a development which helps pave the way for the planned construction of a commercial nuclear reactor as early as 2017. “Jordan is keen to benefit from Japan’s longstanding expertise in nuclear technology,” said Jordan Atomic Energy Commission (JAEC) Chairman Khalid Tuqan, one of the si...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010