1. Algeria Sees Power Demand Soaring; Can It Find The Cash To Boost Capacity?

    ...rn 13.3% higher than the previous record set in 2014 (see chart). Part of the additional load was met by 1.09GW of new gas-fired plants that ramped up to full capacity last year, including 394MW at Tilghemt, 220MW at Hassi Messaoud, 220MW at M’Sila, 140MW at Labreg, 40MW at Boufarik, 40MW at Ou...

    Volume: 59
    Issue: 19
    Published at Fri, 13 May 2016
  2. Yemen Conflict Sees Gulf States Test Their Military Prowess

    ...a lightning 2014 advance) have been pushed out of Marib to the western edge of the city, and there has been a negotiated truce with anti-government fighters in Al-Jawf and other provinces. But there is a complete stalemate in Taiz in the south. A coalition grouping the Houthis with militias loyal to fo...

    Volume: 59
    Issue: 19
    Published at Fri, 13 May 2016
  3. Global Conflict Fatalities, 2015

    ...BY REGION: MENA ACCOUNTS FOR 50% OF TOTAL 2015 FATALITIES…                                 ...THOUGH THIS IS DOWN FROM 2014             2/3 OF 2015 MENA DEATHS (AND 1/3 OF THE GLOBAL TOTAL) WERE IN SYRIA             SOURCE: IISS ARMED CONFLICT SURVEY, 20...

    Volume: 59
    Issue: 19
    Published at Fri, 13 May 2016
  4. Mideast Military Spending By The Numbers

    ...rong growth in spending in both countries far surpassed global growth in military expenditure, which in 2014 dollar terms (ie adjusted for inflation) grew by just 1% to $1.7trn in 2015. On this basis Mideast spending grew by 4.1% last year. Saudi Arabia was by far and away the region’s largest sp...

    Volume: 59
    Issue: 19
    Published at Fri, 13 May 2016
  5. KRG Exports Rise With Boost From New Fields, But Takings Fall

    ...make a $26mn coupon payment last month. Kurdish firm KAR aims to increase production by 50,000 b/d in 2016 from its Khurmala Dome field, as well as from Kirkuk’s Avana Dome and nearby Bai Hassan field both of which the KRG (and Kar) controversially took over in 2014 (MEES, 25 March). Piped ex...

    Volume: 59
    Issue: 19
    Published at Fri, 13 May 2016
  6. Apache Lauds ‘Reliable’ Egypt In Low Price World

    ...l and gas output given the current combination of low prices and stretched capex. Apache’s key recent output gains have come from the Ptah and Berenice fields in Egypt’s far northwest – only discovered in late 2014, output has ramped up to 26,000-30,000 b/d plateau volumes from 13 wells from ea...

    Volume: 59
    Issue: 19
    Published at Fri, 13 May 2016
  7. The UAE Gears Up For Second FSRU As Fujairah Terminal Looks Uncertain

    ...mestic gas production has failed to keep pace with local demand, the UAE has been forced to plug the gap with pipeline imports from Qatar via the Dolphin pipeline. Imports through the link were recorded at 18 bcm in 2014, while production stood at 57.8 bcm and consumption at 69.3 bcm. But the supply gap is...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  8. Sipchem Plans Sukuk To Diversify Funding Sources

    ...rk is intended to increase the reliability and efficiency of the units. In 2014 Sipchem and fellow Saudi petchems middleweight Sahara Chemicals had planned a merger to bring “significant synergies” in operations and create a strong platform for growth. The companies abandoned the plan, citing pr...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  9. OPWP Pushing Spot Market Development, Eyes GCC Electricity Trading

    ...ility delivered a total 31.29TWh of electricity in 2015, an increase of 15.5% over the 27.10TWh supplied in 2014. At the same time, OPWP supplied 242mn m3 of desalinated water in 2015, which was 17.5% higher than the 206mn m3 delivered in 2014. Despite the double-digit rises in electricity and water de...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  10. UAE Tendering 1.15GW Of Solar, Dubai Receives Record Low Bid

    ...oject, a 100MW solar PV plant to be called Noor. Masdar had been lined up to develop the project, but the state renewables firm’s proposed price for supplied electricity was seen as a major sticking point (MEES, 31 January 2014). While both Dubai and Abu Dhabi are pursuing large scale solar projects, De...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  11. Iraqi Crude Export Volumes Approach Record Highs

    ...e highest since November at 431,000 b/d. Meanwhile, levels of direct crude burn for electricity generation fell to the lowest level since March 2014. Moreover, the 109,000 b/d was just 2.5% of overall production last March, the lowest in percentage terms since May 2013. However, the average Q1 di...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  12. Global Military Spending Up In 2015, Saudi Arabia In Third Position

    ...untry in the Middle East and North Africa region, according to a recent report by the Stockholm International Peace Research Institute, published in April. The kingdom’s $87.19bn expenditure in 2015 was almost four times that of the UAE, which ranked second in the region (based on 2014 figures), and mo...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  13. Tamar Gas Gives Noble East Med Boost

    ...rkey, and progress here is slow. The field itself is 130km from shore in 1,700ms water depth. The original development plan, filed in December 2014, envisaged a 16.5 bcm/year (1.6bn cfd) floating production storage and offloading (FPSO) vessel to be tied-back to shore – exactly where was left un...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  14. Service Firms Merger No Go

    ...November of 2014, to a low of just over $26 in February of this year, while the global rig count has gone to a 17-year low and you all know what has happened in North America, where each week we've seem to hit new historical lows,” he says. On 29 April the US rig count fell to just 420, as up...

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  15. Japan Takes In More Opec Crude And Condensate As Imports Rise In 1Q16 ('000 B/D)

    ...*ALL USA SINCE 2014. 2011 VOLUMES INCLUDE CANADA....

    Volume: 59
    Issue: 18
    Published at Fri, 06 May 2016
  16. Iran, South Africa In GTL Deal, Zanganeh Eyes Oil Sales

    ...e NIOC research arm will cooperate with PetroSA in developing slurry reactors. These are used in the Fischer Tropsch process for GTL production. RIPI has continued its GTL research during the sanctions period (MEES, 29 August 2014). The two companies will also work together on methods to achieve bl...

    Volume: 59
    Issue: 17
    Published at Fri, 29 Apr 2016
  17. Kuwait: Shell Deal Boost For IOCs

    ...aching 4mn b/d by 2020, but has moved the goalposts by including condensate in the calculation (MEES, 15 April). Despite the 60% fall in oil prices since 2014, Kuwait remains committed to attracting IOCs and investing in its oil sector. Jamal Jaafar, CEO of the Kuwait Oil Company (KOC) said on 11 Ap...

    Volume: 59
    Issue: 17
    Published at Fri, 29 Apr 2016
  18. Aramco Sees Petchems SMEs As Key To Vision 2030 Transformation

    ...e Saudi petchems pipeline, Sabic – which produced 64mn tons of petrochemicals in 2014, and is therefore by a long way the main Saudi chemicals player – is involved in a number of smaller, but significant, projects (see table). Despite its size, Sabic is not mentioned in the prince’s Vision 2030 do...

    Volume: 59
    Issue: 17
    Published at Fri, 29 Apr 2016
  19. King Salman Fires Saudi Electricity & Water Minister After Price Hike Complaints

    ...e whole of 2015. While this was 59% down on the SR3.61bn net profits for 2014, the results for Q1 2016 suggest that SEC’s profits may receive a boost from increased tariffs for 2016 as a whole.  ...

    Volume: 59
    Issue: 17
    Published at Fri, 29 Apr 2016
  20. Upstream Investment Slump Presages Output Crunch, Oil Chiefs Warn

    ...A lack of investment in energy projects due to the sustained drop in oil prices since 2014 means the market is storing up an oil price shock for the future, according to speakers at the 17th International Oil summit in Paris on 21 April. The natural decline in oil reserves and the drop in in...

    Volume: 59
    Issue: 17
    Published at Fri, 29 Apr 2016