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Qatar Plans First IWPP Project In Five Years
...ter, while the planned IWP will have 40-60mn gal/day capacity. Both plants are expected to be built near Ras Laffan. Kahramaa has invited expressions of interest for the two projects. The IWPP is expected to be tendered in 2014-15. Kahramaa technical director Ahmad al-Nasir told a MEED co...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Analysis: Will New Amir Era Usher In QP Restructuring?
...d-2013/early 2014, Chinese state firm CNOOC and Total are expected to drill their first well in exploration Block BC. Total in May 2011 took a 25% stake in exploration Block BC (MEES, 26 April). Dolphin: Extra Gas to UAE? Until its 540mn cfd Shah gas field ramps up to full output in...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Firm Oil Prices And Capital Inflows Boost UAE Growth, Says IMF
...oil production to around 2%, after two years of substantial expansion, as growth in global demand remains weak amid expanding global supply. For the period 2014-18, the GDP growth rate in real terms is projected at around 3.5%. The IMF goes on to point out that in the medium term di...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
KRG Drops Turkish Six-Block Bombshell; Disputed Areas Included
...ded this year with a 48-inch sealine, Mr Ghadhban says. Two more SPMs are being added, which together with expansion at the 400,000 b/d Khor al-Amaya terminal and debottlenecking at the existing 1.6mn b/d Basra terminal should give southern export capacity of around 6.8mn b/d by end 2014, Mr Ghadhban cl...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Jordan: Gas Needed, No Good Options
...crease electricity tariffs by 15% for users consuming more than 601kw monthly, a figure that encompasses 90% of households according to Jordanian energy ministry estimates. However, following parliamentary pressure, the government’s liberalization scheme was delayed until early 2014. Fuel prices for all pr...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Saudi Mega-Projects Take Shape As Sadara Completes Financing
...cember 2014. IPC in June 2012 obtained a SR1.4bn ($373mn) loan from four Saudi banks and in November 2011 a SR600mn ($160mn) loan from Saudi Industrial Development Fund (SIDF). Meanwhile, on 13 June US plastics firm Invista announced an exclusive agreement with Petrochemical Conversion Company (PC...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Qatari Solar Plans: Dark Clouds Gather
...versify the economy away from hydrocarbons the state-funded Qatar Foundation set up a joint venture Qatar Solar Technologies (QSTec) to build a $1bn plant to make polysilicon. It will initially produce 8,000 tons/year by the second half of 2014, delayed by a year. This is enough for solar panels to fit ou...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Election Result: Rohani Stresses ‘Moderate’ Message
...ould remain in power until at least the 2014 Syrian presidential election and that foreign troops should be withdrawn from Syria. Since the Iranian Revolutionary Guards Corps are active participants in the Syrian civil war, as is Iran’s Lebanese proxy Hizbollah, if Mr Rohani is demanding the withdrawal of...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Korea’s KNOC In Line For ADCO Stake Despite Limited Experience
...e January 2014 renewal of Abu Dhabi’s ADCO onshore oil concession. State firm KNOC stands a decent chance of bagging a minority stake despite a relative lack of upstream experience. Eleven firms have been prequalified by Abu Dhabi’s state oil firm ADNOC for the new membership of the Abu Dh...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Petrofac Wins ADCO Contract
...plemented in phases, with the first new facilities coming onstream in 2014 and end-2015 completion. The Petrofac work per se is intended to maintain pressure rather than increase overall production. However, the results of a massive concurrent CO₂ injection program at Bab are expected in 2016, wh...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
GCC Measures Against Hizbollah Could Undermine Lebanese Economy
...banese GDP Growth Cut To 2% In its latest Global Economic Prospects the World Bank revised Lebanon’s real GDP growth in 2013 downward to 2% from 2.8% in January. It is now estimating growth at 1.5% in both 2011 and 2012 and is projecting a rise to 2.3% in 2014 and possibly 4.0% in 2015. The World Ba...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Yemen Oil Revenues Take Nosedive
...proving the business climate. An IDB statement said that it is giving Tunisia a financial guarantee to issue a sukuk worth $600mn before 2014. Tunisia hopes to raise its first sovereign sukuk of $700mn later this year. The IMF recently approved a $1.74bn loan for Tunisia for 2013-15. The program aims to st...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Mideast Refining Capacity Edges Up, Runs Fall
...st ambitious expansion plan – three 400,000 b/d capacity refineries, due onstream in 2013, 2014 and 2016. The UAE is building a 417,000 b/d plant which is due onstream in 2014, while Algeria’s Sonatrach has announced a plan to build four 100,000 b/d capacity refineries for 2017 start-up. Also Oman is lo...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
IMF Approves $1.74Bn Reform Loan For Tunisia
...record levels of 18.9%. But, following the sharp economic decline, the economy began a moderate recovery in 2012. The IMF predicts GDP growth will strengthen to 4.0% in 2013 and 4.5% in 2014. However debt has continued to grow, with the budget deficit set to hit 6.4% of GDP this year (see gr...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Iraq’s Integrated National Energy Strategy: Summary And Key Recommendations
...cessarily uncertain, and a range of production profiles therefore has been considered for planning purposes. Iraq’s primary upstream strategic objective now is to ensure that the development of these fields proceeds expeditiously, aiming for production by the end of 2014 at a rate between the me...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Project Delays Smother Iraqi Capacity Growth
...jnoon was supposed to start-up late May. But customs delays on vital equipment have pushed launch back to around October; privately operators concede a 2014 start-up is a possibility. Majnoon is due to come onstream at 100,000 b/d and ramp up to 175,000 b/d. Delays on Majnoon and Badra raise question ma...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Technip Awarded Iraq And Abu Dhabi Refinery Contracts
...ew to completion in 2014. The company recently said the Ruwais expansion project was more than 85% complete. The expansion is mainly aimed at keeping pace with rising domestic demand for cleaner gasoline and jet fuel, while also enabling the export of products to Asia. Takreer says the objective of th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Iraqi Politics: Sinking Into The Morass?
...shkhabour pumping station near the Turkish border. The construction of the Kurdish line inside Iraq is scheduled to be completed by year-end, with commercial throughput expected during early 2014. However, under the constitution, only Iraq’s State Oil Marketing Organization (SOMO) is allowed to export Iraqi oi...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Occidental Eyes Sale Of All Mideast Assets
...Nuhayyan. Oxy’s instability looks set to continue with Oxy announcing that Mr Chazen will leave the post of CEO at the end of 2014. It creates a problem for Oxy in the ADCO concession bidding. The SPC members have to decide to which firms they will give stakes in their top producing fields, and th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Wintershall Qatar Gas Plans
...ploring Qatar. By end-2013/early 2014, Chinese state firm CNOOC and French major Total are expected to drill their first well in exploration Block BC. In Qatar, Total in May 2011 took a 25% stake in exploration Block BC (MEES, 26 April). A potential export option is Abu Dhabi-based Dolphin En...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013