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Saudi Arabia Increases Asian Focus With Japan Oil Storage Deal
...ntractors to secure the contract to build the UAE’s first nuclear power plant, the first unit of which will be operational by 2017 with completion of all three units by 2020. Down Under Investment Creation of an energy distribution hub in the Asia-Pacific rim might explain Abu Dhabi’s decision to en...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Cost Blow-Out For NZ Steam Injection Project
...ck a final investment decision (FID) until the start of 2017 at the earliest. Therefore, Mr Shammari said that the first phase of the EOR scheme would likely start up in 2020 (MEES, 2 August 2013). Typically, it takes about 12 months for injected steam to begin boosting production. Ba...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Cyprus Peace Hopes See East Med Gas Export Options Multiply
...th it the need for bigger markets such as Turkey. While the 10 tcf Tamar field is being ramped up, Noble and its Israeli partners Delek Group, Avner and Ratio Oil await government approval for development of the aptly named 19 tcf Leviathan field. Drilling is slated to begin by 2015, and first gas by 2017...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Oman Products Pipeline Plans
...ys for supply of products to distributors. The terminal and pipeline to Sohar refinery are scheduled to become operational in the first half of 2017. The pipelines will be reversible, with a computer-controlled buffering system to separate product streams. Orpic CEO Musab al-Mahruqi says: “As a mu...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Algeria Plans 3Mn T/Y Skikda Petchems Plant
...vive Algeria’s petchems sector” – from the nearby refinery (MEES, 6 December 2013). Besides replacing Skikda’s petrochemicals plant, Mr Yousfi is also considering building a regional petrochemicals hub at Biskra, to be centered around a 100,000 b/d refinery, which is scheduled for 2017 start-up. Th...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Algerian Electricity: Ambitious Plans Vs Tricky Reality
...ALGERIA Algerian Electricity: Ambitious Plans Vs Tricky Reality Noureddine Boutarfa, CEO of Algerian state utility Sonelgaz says it will bring 18GW of generating capacity online by 2017. Yet, speaking on state radio this week, he also said increased electricity and gas pr...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Saudi Arabia Advances Carbon Capture Project
...ing raised to produce an additional 300,000 b/d of Arabian Light Crude by 2017. These two projects will complete capacity enhancement projects, allowing the OPEC kingpin to maintain production capacity at 12.5mn b/d without developing any new resources. That would also limit its ability to boost as...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
BG Lays Bare Egypt Woes But Improved Payments Offer IOCs Hope
...nded out in monthly instalments by 2017. Such payments – and Cairo is desperate to keep IOC interest in Egypt’s upstream – will receive a boost if an additional $4bn in rumored Saudi aid materializes. Whilst IOCs’ total Egyptian receivables remain around $6bn, for the four key producers for which ME...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Iraq Hires Big Law Firm To Thwart KRG Export Plans
...t to rise to 60,000 b/d later in the year and reach a plateau of 170,000 b/d by 2017. The project was delayed amid doubts as to whether the Russian company would be allowed to remain in southern Iraq, after it farmed into three production-sharing contracts in the Kurdish region. One of the junior pa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Oman Shake-Up Eyes Spot Generator Market By 2017
...OMAN Oman Shake-Up Eyes Spot Generator Market By 2017 Oman plans to introduce competition among generators by introducing the Middle East’s first spot market for electricity from independent power producers (IPPs) by 2017. State utility Oman Power and Water Procurement Co...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
ADCO: BP Expects No DecisionFor At Least A Year
...e UAE. Politics is expected to play a part in the decision of who ends up with a stake in the prized concession, where production is set to increase to 1.8mn b/d by 2017 with a number of new European players invited to bid alongside Chinese, Japanese and South Korean players more likely to bid ag...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Gulf Refiners Plan 1Mn B/D Additions By End-2014
...C awarded. Saudi Aramco Jazan, S Arabia 400,000 b/d. Under construction, due onstream 2017. OOC/IPIC (DRPIC) Duqm, Oman 230,000 b/d, due onstream 2018. FEED bids being st...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
ExxonMobil Mum On Abu Dhabi Onshore Plans
...re qualified to bid for the onshore license, where production is set to rise to 1.8mn b/d by 2017. ...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
BP Lays Out Eastern Shift In Global Gas Demand
...rket eastward. In fact, BP sees the US as a net gas exporter as early as 2017. Shale gas production will be one of the key global energy trends through 2035. In the US, shale gas production will likely more than double by 2035 – to 65bn cfd, which will account for 70% of total US gas production. Fo...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
UAE Plans For Long-Term Gas Imports With North American Investment
...rminal in Fujairah. This will be capable of handling 1.2bn cfd of gas from 2016 or 2017 (MEES, 15 November 2013). It already has a floating regasification unit at Jebel Ali in Dubai. “There is a logic to... diversifying the sources and to have a contribution from the US and Canada,” Mr Mazru’i says. “We...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Abu Dhabi Faces Power Crunch
...ruggle to meet demand in Abu Dhabi and the UAE’s Northern Emirates, when electricity usage spikes during the hot summer months that year. Nuclear Delay? Significant additions to power generation capacity will not materialize before 2017 at the earliest, when the first of four 1.4GW nuclear re...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Turkey Power Projects Pipeline Seeks To Maintain Fuel Balance
....92GW Additions By 2017 4.40GW Total 2017 62.32GW Source: MEES. *Capacity Expansion,** Possibly Rising To 7gw. † First Plant....
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Force Majeure A Reminder Of Risks For Energy Producers In Egypt
...vernment in December announced it would pay back $1.5bn of the roughly $6bn it owed international oil companies (IOCs) in unpaid receipts, vowing to repay a further $3bn in instalments by 2017. It has also pledged to improve the terms for offshore gas developments. In the final days of 2013, state-ow...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Qatar Expands Overseas Ambitions With Brazil Deepwater Deal
...ar and will ramp up to 140,000 b/d by 2017. Excitement Abroad, Dull At Home At home, Qatar does not appear set to end the moratorium on new developments at the North Field over the medium term. Its growth strategy now appears to have shifted abroad, where it will augment the success of its so...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Gas The Priority For Iran’s New Oil Team
...an’s oil production, which, given the age of many of its key fields, is reliant on ever-increasing volumes of re-injected natural gas to maintain output. Five By 2017 A more likely scenario envisages the five phases in question to be complete by mid to late 2017. Sour gas production from Ph...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014