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Dewa Awards Gas-Fired Power Project
...tensive LNG export commitments – around 90% goes to Japan, which took 4.68mn tons in 2017 down from 4.99mn t in 2016 and a record 5.70mn t in 2014 (see chart, MEES, 16 February). This means that the UAE only achieves gas balance by importing 1.7bn cfd via the Dolphin pipeline from Qatar to Abu Dhabi as...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Saudi Arabia Awards 300MW Sakaka PV, At Record Low Pricing
...dders range from the Masdar/EDF low to US¢3.27/kWh (MEES, 6 October 2017). PRICING CONCERNS That Repdo shortlisted second lowest bidder Acwa and third lowest bidder Japan’s Marubeni with Saudi firm Khaled Juffali for the Sakaka project suggests the agency feels that solar PV pricing has re...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Iraq’s Crude Burn Falls From Peak As Generators Exploit Alternative Fuels
...rning in power plants averaged 134,000 b/d over January-November 2017, putting it on course for a more than 20% fall from 2016’s record 169,000 b/d (see charts). The reduced crude burn is enabling Iraq to direct more of its produced crude oil to export markets. Federal Iraqi crude exports for 2017 av...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Aramco In Development Deal For Crude To Chemicals Process
...emicals to the kingdom for the first time (MEES, 18 August 2017). As a gauge of the scale of the Aramco/Sabic oil to chemicals plan, the 26-unit Sadara project was one of the world’s most expensive infrastructure projects and the world’s largest integrated chemicals complex to be built in a single phase (ME...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Saudi Electricity Borrows $2.6bn To Fund Capital Projects As Debts Soar
...tibank of the US; Japan’s Bank of Tokyo-Mitsubishi, Mizuho Bank and Sumitomo Mitsui Banking; First Abu Dhabi Bank; France’s Natixis; and the UK’s Standard Chartered and HSBC. SEC’s growing debts may impact Riyadh’s long-planned privatization of the company (MEES, 22 December 2017) as might the focus of...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Israel-Jordan Spat Threatens Already Precarious Cooperation
...Israel’s capital on 6 December, relations between Jordan and Israel took yet another hit after an already troubling 2017. Mr Trump’s pronouncement could also prove to be the final nail in the coffin of the already comatose Israel-Palestine “peace process.” Jordan’s King Abdullah immediately de...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Saudi Shortlists Two In Solar Tender – But Not The Cheapest
...wer at US¢2.34/kWh and US¢2.66/kWh respectively – were the second and third lowest of eight bids announced by Repdo in October. A consortium of UAE state firm Masdar and France’s EDF offered US¢1.79/kWh (MEES, 6 October 2017). Repdo did not explain its decision to reject the Masdar/EDF bid, saying on...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Jordan Lines Up More EBRD Cash For Renewables Projects
...ectricity grid operator Nepco. Acwa says the project will deliver electricity at JD0.042/kWh (US¢5.92/kWh), a record low for Jordan but much higher than recent bids for bigger projects in the Gulf region which bring economies of scale (MEES, 6 October 2017). Acwa Power managing director Thamir al-Sh...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Riyadh Set To Push For Saudi Power Privatization In 2018
...oking increasingly tight (see p14). Similarly, this week Riyadh’s plans to link gasoline prices to international market prices by the end of 2017 were revised, so that a gradual linkage over the 2018-25 period is now the aim (see p16). Given the likely complexities arising from the Aramco IPO and fuel pr...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Egypt, Russia Sign Deal To Start Work On Virgin Nuclear Plant
...rget): GW Fuel Beni Suef (Elsewedy, 2017-20) 4.80 Gas Burullus (Orascom, 2017-20) 4....
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Iraq Adds Upgrades To Gas-Fired Plans, Keeping Pressure On Rising Supplies
...e reason for the increased availability of gas for power generation has been reduced flaring. Although Iraq flared more than 60% of its gas in 2016, improved gas recovery – mainly by Basra Gas Company, which recovered 574mn cfd in 2016 and aims to reach 723mn cfd in 2017 and 1bn cfd in 2018 – en...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Egypt Nuclear Plans Near Go-Ahead, Saudi Looks To Standardize Plant Design
...shehr-2 2024 1.0 1 5.5 Rosatom building. Work started Mar 2017 Pl...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Algeria Eyes 2.4gw Power Capacity Boost By Mid-2018, But Money Is Tight
...appearance; the company’s third Algerian CCGT project, Bellara, is also apparently on hold. Korea’s Samsung C&T is developing two of the big CGGT plants. By the end of the second quarter 2017 the company estimated that it had reached 50% completion of the Naama project, for which the co...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Abu Dhabi’s Taqa: Power Steady But Upstream Slumps With Capex Cuts
...E and abroad, are earning steadily and its upstream assets – all overseas – are providing better income. But the company again posted a net loss for the first nine months of 2017. Taqa’s Q1-3 2017 revenue was Dh12.53bn ($3.41bn at the fixed exchange rate of $1=Dh3.6725), down 40% from a record Dh...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
IEA 2017 WEO: Key Power Forecasts*
...MENA LAGS THE WORLD IN RENEWABLE CAPACITY ADDITIONS TO 2040 (% OF TOTAL ADDITIONS) MENA INSTALLED CAPACITY (GW): RENEWABLES OVERTAKE OIL BY 2035… …BUT EVEN IN 2040 FOSSIL FUELS MAINTAIN A 75% MARKET SHARE *IEA 2017 WEO, NEW POLICIES SCENARIO. SOURCE: IE...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
Abu Dhabi Completes 1.6GW Gas-Fired Plant
...Al-Mirfa CCGT (Gas)** 1.24 End 2017 Capacity: 30.07 Projects Awarded: Enec (2018-20) Ba...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Egypt To Privatize Wind Management
...e Japanese Bank for International Cooperation (JBIC), Japan’s Sumitomo Mitsui Banking Corporation and France’s Societe Generale. Japanese export credit agency Nexi will provide backing. Construction will start by the end of 2017 and take around 24 months, Engie says. This seems optimistic given Eg...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Egypt’s Largest Solar Investor Ties Up Finance For Benban Projects
...18 start-up target represents a slippage from the original EBRD and IFC schedules, which targeted construction on the first of the backed projects by the end of 2017. Before they can begin to supply the grid, EETC must complete at least one of four substations it is building at the corners of the Be...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Iraqi Crude Burn Levels Slump As Iranian Gas Imports Displace Liquids
...nsistently posting moderate year-on-year increases in crude burn volumes, indicating that full year volumes would be up on last year’s 169,000 b/d average. But absent a surge in the final four months of the year, they are on track to average 160,000 b/d in 2017. Iraq’s power plants have also been burning si...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Aramco Targets 12GW Powergen Capacity By 2020, Seeks Supply License
...0 Expansion projects Oil, gas-fired 84 Added 2017: Turaif Wind turbine 3 Total Op...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017