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Saudi Arabia Takes Lesson From History
...ojects in its business plans to 2017, below current price levels for Brent crude, though above US marker WTI, which has recently traded at a discount of up to $10/B to Brent. ...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
For KRG All Roads Lead To Turkey
...ate banks are also expected to finance a proposed gas pipeline from the Kurdistan region, says Mehmet Sepil, President of Anglo-Turkish Genel Energy, which will supply the gas from its Miran and Bina Bawi gas developments in Iraqi Kurdistan starting in 2017. SOFT TURKISH LOANS Mr Sepil said on...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Dea Looks To Expand With $10Bn War Chest
...5mn cfd 56mn cfd $585mn 2017 Libya: NC193,195 100% n/a 30,000 b/d 30,000 b/d $500mn 20...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
BP Still Owed $2.3Bn In Egypt
...ak production,” BP North Africa President Hesham Mekawi says. All gas will be delivered to the domestic market. Under amendments to the development agreement, approved by the Egyptian cabinet on 18 December, BP agreed to expedite development with first gas by 2017 in return for a further hike in ga...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
More LNG Import Deals?
...EGYPT MORE LNG IMPORT DEALS? Egyptian Oil Minister Sharif Isma’il says that there is a “very high possibility” that Egypt will agree additional LNG import deals with Shell and Total to cover the period 2017-20. Egypt recently signed five LNG import deals, including with BP, totalling ar...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Iraq Adds Southern Storage Capacity In Bid To Ease Export Bottlenecks
...10. But midstream capacity has not kept pace with the upstream increments, which prompted the oil ministry to lower its expectations of plateau production from the main six producing fields in the south. Initially targeted to rise above 13mn b/d by 2017, the oil ministry has renegotiated the co...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Sonatrach And Gazprom Revive LNG Supply Talks
...LNG cargoes (see below) – it so far has only one LNG production facility, at Sakhalin north of Japan, though a second at Yamal in the Russian Arctic is slated for 2017-18 start-up (MEES, 13 February). The latest deal would likely consist in a short- to medium-term agreement for deliveries on th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
MENA Nuclear Program Expanding, But Some Preliminary Schedules Sliding
...at Iran’s nuclear program has a military element. UAE’s ENEC says that Barakah-1 is 61% complete and expected to start generating in 2017 as scheduled. Construction is underway on the second and third reactors, while the site is being prepared for the fourth. Kepco has completed construction of th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Warring South Sudan Factions In Last-Chance Saloon
...ly 2017. But peace cannot be delayed, and this should not detract from the formation of a transitional government by 9 July… Adhering to commitments made since last May to form a transitional government is the way to address the issue of government legitimacy,” Mr Cannell says. IMPLEMENTATION ST...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Egypt’s Qalaa Raises Capital
...the subsidiaries and business units that are best positioned to benefit from the economic recovery in Egypt. Qalaa Holdings energy investments include refining, energy distribution, power generation and renewables. The company key project is the $3.7bn construction by 2017 of secondary re...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Dubai’s DEWA Adding 700mw, Repays $1bn
...nerating capacity will reach 10.36GW of electricity.” M-Station expansion is one of three DEWA capacity additions under way. First is a 200MW solar photovoltaic (PV) plant, which is being built by Saudi firm ACWA Power and Spain’s TSK for start-up in April 2017 (MEES, 30 January). DEWA is also te...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Algeria: Mixed Shale Signals Highlight Deeper Economic, Political Disarray
...illed with production scheduled to begin in summer 2017. The Reggane Nord project covers several gas fields: Reggane, Azrafil Sud-Est, Kahlouche, Kahlouche Sud, Tiouliline and Sali. At In Salah Sud, BP expects production to start this year, with initial output of 500mn cfd. The project is designed to...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Oman Ramps Up Scope Of Sohar Plans
...d Korea’s LG (30%), plans to develop the complex in two phases. The PTA plant will have capacity to produce 1.1mn tons/year, while the PET plant will comprise two 250,000 t/y units, the first of which is due for completion in late 2017. FEEDSTOCK LINKS The PTA unit will process pa...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
BP Predicts OPEC’s Second Coming
...0,000 b/d to 750,000 b/d. The $10bn ExxonMobil-led project is now scheduled for completion by 2017, having already been pushed back from 2015. “While the oil price crash has made the low-cost reserves in the UAE look even more attractive, it has also led to corporate belt tightening that may make it di...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Oman: Musandam IPP Bids Sought
...velop 90MW of renewables capacity by 2020. Raeco recently awarded UAE renewables firm Masdar a contract to build Oman’s first wind farm. This will comprise around 20 wind turbines with 50MW capacity to be built at Harweel in the southernmost Dhofar governorate for start-up in 2017 (MEES, 17 October 20...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Libya Peace Talks Begin But Economy Slides Towards Ruin
...uld run out in May 2017. Libya’s budget deficit in 2014 was $19bn. The only way to replenish these reserves is by a resumption of oil exports in substantial volumes. This is unlikely. The Sidra and Ras Lanuf terminals, which have combined capacity of about 600,000 b/d, are still closed. NOC de...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Total Takes The Long-Term View On Global Lng Markets
...the political and military crisis between Ukraine and Russia – we hope that this geopolitical context will change sooner rather than later. We are still hoping for a start-up in 2017-18. We have already incorporated Yamal LNG output in our portfolio, and we are expecting good news from the US on...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Mideast To Add 1.7Mn B/D CDU Capacity By 2020; Highest Growth Worldwide-IEA
...ndar Abbas is reportedly nearing completion and the first phase is expected to be commissioned in 2017, significantly increasing the country’s gasoline and diesel output. Once the three phases of the project are completed, Iran could become a net gasoline exporter,” the IEA says. Iran imported a record 17...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Hyundai Awards Subcontracts For Abu Dhabi’s Mirfa
...d extend motor life. Mirfa will have a capacity of 1.6GW and 240,000 cmd. It is scheduled to be brought online in phases during 2016 and 2017. The power and desalination units will respectively incorporate CCGT and reverse osmosis technology. The plant will require a supply of 230mn cfd of ga...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
IEA Slashes Non-OPEC Supply Growth projections
....54mn b/d in 2017 and 32.12mn b/d in 2020. Overall, the IEA expects the ‘Call on OPEC’ to increase 2.68mn b/d between 2014 and 2020. And with total capacity in the group’s 12 members rising 1.22mn b/d over this period, “barring any disruption, the group’s spare production capacity is expected to remain am...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015