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Firms Face Up To Mounting Libya Write-Offs
...pairment – rated the chances of a full resumption of operations on 1 January 2016 and 1 April 2017 at 50% each. TOTAL’S LIBYA OUTPUT (‘000 B/D, NET) 2010 2011 2012 2013 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Qatar Gears Up For Growing US Condensate Exports, And Middle East Competition
...ll capacity by 2017, with Qatar’s condensate output to settle below 800,000 b/d until further gas developments take place. The consultancy expects export volumes to rise to 600,000 b/d through 2017 thanks to Barzan, while the second splitter at Ras Laffan begins to test-run. However, exports would fa...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Egypt’s Midor Refinery Signs Up UOP For $1.4bn, 60,000 b/d Expansion
...7,000 t/y (8,200 b/d). Midor says the expansion and revamp are to be completed by the end of 2017 and will increase white products output to 87% of the plant’s total production. At the signing ceremony, Midor chief executive Muhammad ‘Abd al-‘Aziz said the revamped plant would also increase sulfur re...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Oman’s Forecasts 85% Power Demand Rise To 2021; Gas Shortage A Worry
...mbined capacity of 2.85-3.15GW (see p3). OPWP says early power from Ibri is targeted for 2018, while full power at both sites is anticipated in 2019. Also in MIS, OPWP expects to extend the power purchase contracts for 271MW Al Kamil and 427MW Barka 1 from 2017 and 2018 respectively to 2020, while re...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Turkish Parliament Okays Second Nuclear Project
...proval. The Japanese/French consortium hopes to begin construction at Sinop in 2017. Turkey has also opened talks with US nuclear contractor Westinghouse and Chinese state firm SNPTC for another four-reactor nuclear project at an undisclosed location. This would have four 1.11GW units. Nuclear ca...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
US OUTPUT RISE TO CONTINUE TO 2020-EIA
...aph 1). BUT OIL IMPORTS TO REMAIN However, the situation is markedly different for different fuels. While the US will become a net exporter of gas from 2017 (with the ramp up of LNG exports and pipeline exports to Mexico), for oil, net imports will bottom out around 2020 at 5.5mn b/d according to the EI...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
IMF Warns Qatar Of Budget Deficit
...e hydrocarbon sector growth will recover slightly rising from 0.8% in 2015 to 1.8% in 2016 and 1.9% in 2017. For its part, the IMF expects growth in 2015 to rise to 7% with the start-up of output from the $10.3bn, 1.4bn cfd Barzan wet gas development in the second half of 2015 and the au...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Sudan’s Oil Plans Set To Fall Victim To Reality
...rthcoming. 300,000 B/D BY 2017? NO CHANCE Starved of investment and technology for more than a decade, the Sudanese oil sector has been crying out for greater foreign involvement for years now. But with sanctions set to remain in place for some years yet – given the current Sudanese ad...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Gulf Refining Activity Slowing After Completion Of Three Mega-Projects
...mpleted it has yet to invite EPC bids. Iran and Qatar are both developing condensate splitter plants. Iran said it would bring the first of three 120,000 b/d splitters comprising the Persian Gulf Star plant at Bandar Abbas onstream in 2015: the IEA says 2017 is more likely. Qatargas is pressing on wi...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Egypt Signs Contract With Axens For Assiut Gasoline Unit
...5 Planned: Midor Expansion Alexandria 60 2017 Alexandria Exp. Alexandria 10...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
New Projects And Policies Cementing Solar Role In UAE Power Generation
...MW first phase already in operation since 2013 and a 200MW second phase, which is being built by Saudi Arabia’s ACWA Power and Spain’s TSK for start-up in 2017 (MEES, 30 January). While DEWA’s appetite for solar is expanding, Abu Dhabi’s seems to have waned. Abu Dhabi Water and Electricity Au...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Oman Expanding Desalination, Prepares Power Shake-Up
...-year water purchase agreement with Qurayyat Desalination Company. The project firm is owned 85% by Hyflux and 15% by local firm Modern Channels Services. The agreement is for the supply of up to 200,000 cmd of drinking water over the period 2017-37. Qurayyat lies east of Muscat on the Gulf of Om...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Chevron Looks To Farm Down KRG, Morocco Interests
...completed 2D seismic work in 2014 and plans to started 3D seismic work in 2015. Chevron is targeting a 500,000 b/d-plus rise in production to 3.1mn barrels per day of oil equivalent (boe/d) by 2017 – an ambitious target given that output has been trending downwards in recent years (see gr...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Tupras Sees $2.7Bn Izmit Upgrader Boosting Refining Margins
...2 Planned Socar Aliaga [STAR] 200 2017 Calik Ceyhan [Adana] 30...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Can Algeria Live Up To Its Renewable Potential?
...pacity for start-up in 2017 suggest that gas availability is a key concern (MEES, 27 March). Notwithstanding the increased role of renewables, Algeria will still need to find more gas to run additional capacity. Gas fuels 77% of current electricity generation capacity. If Algeria could reduce the gas co...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Jordan Gets Russian Backing For Nuclear Plans
...r Iranian construction. UAE 5.6 4 3x1.4GW plants being built at Barakah, site preparation under way for fourth. ENEC seeking operating licenses for Barakah-1 and -2. Plants due online 2017-20. Tu...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
UAE Nuclear Plans Advance
...aceful nuclear energy program,” says ENEC chief executive Muhammad al-Hammadi. “The on-time submission of this operating license application is a crucial milestone in our journey to becoming fully operational in 2017.” ENEC has contracted Korea’s Kepco to build four 1.4GW NPPs at Barakah and to bring on...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Adco Trail Goes Cold Amid Stand-Off With BP, Shell
...pected to rise to at least 180,000 b/d from 2017, when Adco’s total production reaches a long-standing target of 1.8mn b/d. Total’s head of Middle East and North Africa operations, Stephane Michel, told MEES in February that the length of the concession and the improved per-barrel fee, reported to ha...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Oman Awards Salalah-2 BOO Contract To Mitsui/ACWA
...pacity throughout the country. In the larger Main Interconnected System (MIS), OPWP is tendering for 2.6GW of capacity “across two sites” to start up in 2017-18 (MEES, 29 August 2014). In the isolated northern Musandam exclave, where Oman’s Rural Areas Electricity Company (Raeco) operates 290MW of di...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Gas Shortages Send Algeria Back To The Steam Age
...62 bcm. And, not only is gas output stagnant, Algeria also has ambitious petchems plans. In view of of the worsening gas supply crunch, Algeria has opted for steam turbines for the additional 3.32GW of capacity it now says will be needed for 2017. The choice of technology indicates that Al...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015