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OPEC’s Market Strategy Shrinks Spare Capacity
...immediate rise in production capacity. If anything, a dispute between Kuwait and Saudi Arabia over the Neutral Zone has taken more than 500,000 b/d of capacity off markets and volumes are not expected to be restored from the 300,000 b/d offshore Khafji oil field until 2017 at the earliest, MEES un...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...ll be hoping to capitalize on the momentum created by the recent $12bn deal signed by BP and Dea with Cairo for the development of WND, which is slated to produce 1.2bn cfd from 2017 (MEES, 22 May 2015). ENI/BP: PRECIPITOUS DECLINE While BP has earmarked the western delta for its key ex...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria’s Upstream Investment: Running To Stand Still
...% Mid-’17 Sonatrach says 2016 4.4 424 Timimoun , SW Gas Project Total 37.75%op, Cepsa 11.25%, Sonatrach 51% 2017 Sonatrach says 20...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iraq Seeks Chinese Funding For Crucial Water Injection Project
...line late and reportedly has just one drilling rig operating, said in early May that it is delaying full development plans for Majnoon to 2017 or beyond. Italy’s Eni, operator of the Zubair oil field, has already canceled two major contracts. Iraq may be celebrating the achievement of post-1979 re...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iran To Start Building Siraf Condensate Splitters, Targets Asia Petchems
...0 8 x 60 kb/d splitters. Target first unit online 2018. Persian Gulf Star Bandar Abbas 360 1.5 3 x 120 kb/d splitters. First unit expected online 2017. Pa...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Qatar Awards Umm Al Haul Power/Water Plant As Part Of Major Capacity Hike
...de it the world’s leader in LNG and gas-to-liquids (GTL) production. Economic growth is expected to continue, with ambitious plans including the hosting of the 2022 football World Cup. The Umm Al Haul plant is scheduled to start up in 2017. Kahramaa is also studying proposals for a 2GW/655,000 cm...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
ACWA Awarded Concession For Egypt Renewables
...0mn, while a 50MW solar plant at Binban near Aswan is priced at $90mn. ACWA country manager Hassan Amin says the projects are scheduled for completion in early 2017. ACWA has signed a number of preliminary agreements for major Egyptian electricity investments in recent weeks. The company has si...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
KNPC Seeks Ideas, Finance For Refinery Projects
...out how the loan should be structured. CFP SCHEDULE Work on the CFP began in March, with a view to completion in late 2017. KNPC chief executive Muhammad al-Mutairi told reporters recently that he now expects the revamped refineries to be fully operational by the end of 2018. The ageing Sh...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Morocco Solar Funds
...ergy (Masen) awarded the 200MW Noor 2 and 150MW Noor 3 projects to ACWA and Spain’s Sener with a view to 2017 start-up. Masen also plans to build a 50MW solar photovoltaic (PV) unit at the site – Noor 4. ACWA says the debt part of the package will be “entirely financed by Masen” with funds from the Af...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria Maintains 2015-2019 Production Plan, Keeps Quiet On Shale
...stream projects in the first three years of the plan: $15.5bn in 2015, $22bn in 2016 and $23bn in 2017, according to Mr Sahnoun, figures which imply a drop-off in investment to $15bn/year for the last two years of the plan. Sonatrach’s CEO said $11bn would come from international partners, with the rest to...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
BP Steps Up Egypt Commitment But IOC Receivables Climb Again
...ril). Production is slated to begin in 2017 and by 2019 ramp up to 1.2bn cfd – which equates to 26% of Egypt’s 1Q15 gas output of 4.54bn cfd. BP’S WEST NILE DELTA FIELDS & KEY INFRASTRUCTURE WND PRICING DETAILS The agreement signed between the partners and Cairo is not a typical Production Sh...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Jordan To Receive First LNG Cargo On 25 May
...0,000 m³. NEPCO is expected to import additional LNG volumes from alternative sources on the market. Jordan is understood to be looking for extra cargoes this summer, up to 3 between August and September. Beyond that, it is eying a short-term deal of 18 cargoes per year in 2016 and 2017. With si...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Egypt Seeks Funding For Coal Plant, Officially Inaugurates 2GW Of Capacity
...s 38 Suez (2016) 0.65 Oil 23.8 Damietta West* (2017) 0.25 Gas 29...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Companies Scale Back Libya Expectations
...o fields were expected to add 180,000-200,000 b/d by 2017 (MEES, 9 November 2012). ConocoPhillips drilled four appraisal wells in 2015, it said in its 2014 annual report (MEES 6 March). Hess has written off the $260mn cost of two successful deepwater exploration wells on its Area 54 exploration ac...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Chinese State Firm Secures Abu Dhabi Field Contract
...eld, which Adco says will add 20,000 b/d to onshore production capacity. The field, part of the South East cluster of onshore fields, is of strategic importance as Adco prepares to raise output capacity to 1.8mn b/d by 2017 from 1.6mn b/d currently. The Southeast Asset also includes the Asab, Sa...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Orpic Seals $0.9bn Financing For $7bn Projects Program
...pelines and terminal in the first half of 2017. OLC has arranged financing with Ahli Bank and Bahrain’s Ahli United Bank to cover 70% of the MSPP’s development cost. The MSPP project will transport oil products through a 290km pipeline system between the Sohar and Mina al-Fahal refineries and a pr...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Aramco Oil, Gas Reserves At All-Time High
...ightly behind schedule in mid-2016 rather than in 2015 as announced previously. There was no mention of Khurais, which is being expanded to produce 1.5mn b/d of Arabian Light by 2017 from 1.2mn b/d currently. The latter project appears to have been superseded by a revamp of the Dammam field, one of the ea...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Morocco’s $4.6bn LNG Scheme Continues To Drum Up Interest
...edstock. According to the roadmap, it will take 48 months to build the planned LNG regasification terminal (starting from October 2017), 36 months for the jetty and 36 months for new CCGTs. The roadmap does not say which plants will be included in the 2.7GW target. The ONEE, the national office for el...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Aramco Boosting Refining Capacity, Plans ‘Value-Maximizing’ Integration
...a short period. In 2014 Aramco also started building a 400,000 b/d refinery at Jazan. Commissioning is due to start in 2017, but this may slip if local security worsens. Satorp is “one of the largest, most complex refineries in the world,” capable of fully converting 400,000 b/d of Arabian Heavy cr...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Saudi Power Expansions: Not Only More Capacity, But More Efficient
...,700 b/d of Arabian Light crude oil. The upgrade involves the addition of four HRSGs and one steam turbine and is due for completion in early 2017. Amec Foster Wheeler says the upgrade will add 147MW of capacity “without increasing the fuel consumption.” Amec Foster Wheeler is also supplying six HRSGs fo...
Volume: 58Issue: 20Published at Fri, 15 May 2015