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Bapco, Aramco Award Pipeline Contracts
...CC). At the contract signing ceremony, Bahrain’s Minister of Energy ‘Abd al-Husain ‘Ali Mirza said that the pipeline “will be finished by the end of 2017 or early 2018 and then there will be a six-month trial period.” He added that the ageing 230,000 b/d pipeline that it is replacing would be shut down in...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
UAE Seeks Solar Bidders As Nuclear And Coal Plans Advance
...port says Dubai’s achievement of “the lowest solar price ever achieved worldwide” suggests solar costs are “poised to decrease even further.” Phase-2 of Dubai’s solar park recently reached financial close and is scheduled for start-up by April 2017. (MEES, 24 July). PV modules for phase-2 will be pr...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Total Turns The Screw On Spending In New Strategy For $60/B Oil
...t capex further to $20-21bn, before “returning to a sustainable level of $17-19bn from 2017.” Mr Pouyanné said that “in a commodity business like oil and gas, we have to be excellent at what we control. We cannot control the price of oil and gas, but we can control costs and allocation of ca...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Iran’s New Oil Investment Contract To Get First Unveiling In Tehran
...ominently on the list, many of which will be critical in the country’s plans to boost oil production capacity from around 3.5mn b/d currently, to 5.7mn b/d by 2017-18. Mr Zanganeh said this month that Iran’s production capacity will hit 4.2mn b/d by end-2016. “New contracts with foreign companies will be...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Cyprus And Israel Gas Going Nowhere… For Now At Least
...pointed PM – see p15) that he expects Egypt to receive Cypriot gas by 2017 (MEES, 11 September). Cairo has also been involved in the discussions between the partners in Israel’s 22tcf offshore Leviathan gas field (Noble 39.66%, Delek 45.34%, Ratio 15%) and BG, regarding the import of gas to the LNG te...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Kuwait Awards First Utility-Scale Solar Plant
...KUWAIT Kuwait Awards First Utility-Scale Solar Plant Kuwait has embarked on its first utility-scale solar power project, which it aims to connect to the grid by December 2017. Kuwait Institute for Scientific Research (KISR) has awarded Spain’s TSK a contract to build the 50MW Al-Sh...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Could Egypt’s Gas Find Revive Exports?
...timate for the substantially smaller (5 tcf reserves, 1.2bn cfd output) West Nile Delta (WND) project that BP hopes to bring online from late 2017. “I think we will remain within $10bn for the overall development of the field,” Mr Descalzi told the Rome hearing, adding that Mr Isma’il’s initial $6-7bn es...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Oman Eyes 2018 Completion Of Linked Downstream Projects, But Liwa Cost Rising
...ld reporters this week that work on the Sohar refinery expansion, which began in 2014, is expected to be completed in the fourth quarter of 2016. The products pipeline and storage terminal are scheduled for completion in 2017, while Liwa will be ready for start-up in 2018. LIWA COULD COST $5B...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Saudi Arabia’s Sadara Petchems JV To Supply Juffali Plant With Feedstock
...asChem in the first half of 2017 (MEES, 7 August). Sadara says it will provide Juffali’s BTG unit with almost all the raw material it requires. Other Juffali units, including the polyurethanes plant, will take some raw materials from Sadara and some from third party suppliers. Juffali’s MDI and BT...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Israel Powergen Capacity Nears 17GW With Completion Of Haruvit CCGT
...rael’s Noy Fund started construction in June for 2017 start-up. The second phase of Ashalim will be a 110MW CSP plant, for which Spain’s Abengoa and Israel’s Shikun and Binui recently announced financial close with a view to 2018 start-up. Details of a solar PV plant to be built at the same site have ye...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Akri-Bijeel Plans Take A Mauling
...d-2015 and 50,000 b/d by 2017-18. Now it says output will be stuck at little more than 2,000 b/d. Akri-Bijeel’s “economically recoverable reserves” have been slashed to just 4mn barrels, a mere 0.5% of the 800mn barrels oil-in-place estimate contained in Mol’s development plan agreed last August (ME...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
ACWA/MITSUI Secure Oman Power Finance
...oposals for two independent power producer (IPP) projects at Ibri and Sohar. Leaders are France’s Engie and Japan’s Marubeni and Mitsui. OPWP originally gave combined Ibri /Sohar gas-fired capacity as 2.6GW, with 740MW due online in summer 2017 and 1.86GW more in summer 2018. But local press now say co...
Volume: 58Issue: 36Published at Fri, 04 Sep 2015