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Foreign Investors Look For Streamlined Algerian Oil Bureaucracy As Shell Exits
...and-off over the price Sonatrach will pay for the gas; Total hopes – especially in light of the revisions to Algeria’s oil law – that the terms will reflect the difficulty of developing what it considers to be ‘unconventional’ deposits. Total has put back estimated first production to 2017...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Thailand’s PTT, PetroVietnam and China’s CNOOC Expand In Algeria
....25% 2.9 3tcf reserves. Development approved late 2011 Q3 2017 'Ain Tsila Petroceltic 37%op, Sonatrach 51%, ENEL 12% 30 3....
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
East Asian Firms Come Of Age In Middle East With Iraq Investment Drive
...t Malaysia’s Petronas too is significant, leading the 230,000 b/d Garraf project and with stakes also in Halfaya and Majnoon. While Iraq is unlikely to want to reach its overly-ambitious 2017 plateau target of 7.28mn b/d, East Asian firms can realistically be looking at participation in 2.73mn b/d of...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Cyprus Tenders For Short-Term Gas Supply
...s offshore, that resource is unlikely to be available for domestic use before 2017-18. “DEFA therefore requires a short-term supply of natural gas to provide an alternative energy supply to Cyprus for the period to 30 September 2018 while the project for the commercialization of Cyprus’ own natural ga...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
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