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Mena Coal Plans Get Big Boost From Egyptian Project With Chinese Cash
...59 Handed over by Sepco 3 in July 2017 Awarded: 9.79 44.54 Safi Mo...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Japan Set To Follow South Korea and France In Halting Iran Oil Imports
...thout this, firms don’t want to risk damaging commercial links with the US. Japan imported 162,000 b/d from Iran in the first half of 2018, a figure broadly in line with the 170,000 b/d it imported over the course of 2017 (see chart). Q2 volumes of 130,000 b/d were down from 193,000 b/d the previous qu...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Sonatrach LPG Train Award
...-15mn m³/d (350-530mn cfd) of gas for processing (MEES, 15 September 2017). Tecnimont expects the contract to be formally signed this month, after which project completion should take 30 months....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Mubadala: Russian Expansion
...e new makeup is Gazprom Neft 49%, Mubadala Petroleum 44%, RDIF 5%. Gazpromneft-Vostok operates 13 fields in the Tomsk and Omsk regions of Western Siberia. Output in 2017 was 1.6mn tons (approximately 33,000 b/d) and Gazprom Neft says crude is exported though the Eastern Siberia-Pacific Ocean pi...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Aramco: Korean Study, Rapid Progress
...ke 50% of the JV last year (MEES, 3 March 2017) and will have the option to supply up to 70% of the plant’s crude feedstock.tronas has the remaining 50%....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Algeria Gas Hopes Dashed As Touat Start-Up Pushed Back To 2019
...Algerian gas output will see a second straight year of decline this year with the company’s key expansion project, 4.5bcm/y Touat led by private equity firm Neptune Energy pushed back to 2019. The country’s sales gas production fell marginally to 94.5bcm for 2017 despite the start-up of th...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Crude Official Selling Prices ($/B)
...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
BP Start-Up Of 1Bn Cfd Khazzan Field Gives 20% Boost To Oman Gas
...oduction deal (see p7). Oman produced 7.08bcm of associated gas in 2016, which MEES calculates accounted for 18% of total output after subtracting imports from Qatar. But after eight months this is on track to slip to 6.86bcm in 2017, dragging down total gas output. Meanwhile, non-associated gas is up sl...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
BP Gets Gulf Gas Boost
...lf of 2017, implying 260mn cfd net for BP. Output from the three firms’ other key project, In Amenas is also running at multi-year high levels having finally recovered from a 2013 terrorist attack. However, here Sonatrach keeps all of the gas production (830mn cfd for H1 2017), leaving BP and Statoil to...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Algeria: Prices Up, Volumes Down, Projects Delayed
...ole. Whilst this is only $1.6/B higher than the $51.4/B MEES factored in to its previous analysis (MEES, 25 August), the change is enough to slash the country’s expected 2017 trade deficit from $11bn to $8.6bn – and this despite MEES trimming 1bcm from its 2017 gas export forecast (see table). Of co...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Qatar Boosts Revenue
...gust’s $51.9/B, September ought to prove profitable for Qatar. MEES estimates that Qatar hydrocarbon revenues are on track to come in at around $54bn in 2017. This would be a 15% increase on last year, although still less than half of 2013’s $120bn. If the recent oil price gains are sustained over the re...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Iraq Plots Post-War Refining Rebound
...crude oil has this year exceeded the combined 544,000 b/d nameplate capacity of operational federal refineries, reaching a peak of 591,000 b/d in April and averaging 553,000 b/d for January to July 2017, compared with 446,000 b/d for 2016 (see chart). This was achieved through a deal with the Ku...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Russia Extends Lead Over Saudi In China As Overall Imports Fall
...wn (see chart, p16). Total Chinese crude imports were 8.014mn b/d, the lowest figure this year, though still 5% up on the 2016 average of 7.61mn b/d. This magnitude of gains, as opposed to the 14% year-on-year growth implied by China’s 8.53mn b/d January-July 2017 imports, is much more in line wi...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Qatar Plans First Significant Solar Capacity
...y plank of this had been a January 2017 deal with Abu Dhabi state firm Masdar, a firm with much more renewables experience, to jointly develop “commercially viable renewable energy projects in the UAE, Qatar, and international markets.” QEWC’s overseas investment affiliate Nebras Power and state in...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Saudi: Opec Should Stick To Its Guns
...ojected at around 1.3mn b/d [for 2017: Mr Muhanna’s figures broadly tally with an average of the most recent forecasts from Opec and the IEA – MEES, 15 September]. When the demand is ahead of supply the market is on a strong footing.” Progress towards Opec’s stated goal of bringing OECD stocks down to fi...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
KRG’s Troubled Waters
...0 B/D) 2017* vs 2016* 2014 2015 Tawke 111.0 3....
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Assad Looks To Rebuild As Syria War Enters Final Act
...maged by IS rockets launched during the Palmyra offensive in early 2017. Small-scale production of 35mn cfd at Ebla resumed this month: Mr Ghanem optimistically claims this will ramp up to 75% of pre-war production, 66mn cfd, by 2018. Gas production is crucial to meeting Syria’s domestic power de...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Tamar Downtime Is Wake-Up Call for Israel
...neration fuel mix for 2017, with coal 37-38% and renewables the remaining 2-3%. In the absence of Tamar gas, Israel had to switch in diesel and fuel oil (see chart). In case of a longer outage it also has the option of importing LNG via a receiving buoy offshore the northern port city of Hadera. It is st...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Algeria’s Risky ‘Cash Creation’ Plan: From One Pocket To The Other
...ned banks – equating to 87% of the total liquidity. Then in July 2017, the rate was further lowered from 8% to 4%, generating a further AD347bn - of which state banks accounted for AD301bn. However, while this helped to create more liquidity in the banking system, adjusting the reserve re...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Saudi Oil Addiction Deepens Despite Ambitious Reform Drive
...st two years are on track for a third consecutive fall in 2017. This is because “non-oil” is dominated by related industries such as petrochemicals production, where prices have fallen along with oil and gas. With oil prices so far this year averaging around 16% more than over the course of 2016, ex...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017