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Kuwait Petchems Expansion Moves Slowly Despite Equate PE Boost
...efins 3 feedstock options include ethane, along with some refinery off-gases and propane, in combination with naphtha and condensate. PIC sees the main target market for Olefins 3 products as Asia, with further sales anticipated in the Middle East and Europe. PIC had proposed Olefins 3 start-up in 2017...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
Saudi Arabia In 550MW Turbines Award; 2014’s 8.2GW Start-Ups Hike Output
...-Khair (MEES, 2 January). PP12’s eight 7F.05 units are among 20 ordered earlier by SEC from GE. Twelve more will be delivered shortly for installation in the PP13 and PP14 plants, due online in 2017. Major power developments under way and planned in Saudi Arabia by end-2018 have combined ca...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
Cairo Begins To Restore Faith In Its Oil And Gas Sector
...oject, as well as 8-9mn barrels of condensate and 450,000 tons of LPG. Peak “incremental daily production” of 160mn cfd (27,000 boe/d) and 5,600 b/d condensate is expected to occur in 2017, the firm says. This implies that Dana’s total Egyptian output will by then top 70,000 boe/d. BG RECEIVABLES BA...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
New Gulf Petchems Start-Ups In Shadow Of Aramco Mega-Projects
...tsubishi Jubail, S Arabia 2017 250 MMA, 40 PMMA QP/Shell (Al-Karaana) Ras Laffan, Qatar 2017 1,500 MEG, 300 linear a-olefins SABIC Ju...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
MENA Power Survey: Generators Seek Fuel Diversity; Capacity Up 3.4% To 370GW
...rbine (CCGT) plant. However, the gas squeeze has forced the UAE to pursue nuclear power, renewables and also coal. Central to the UAE’s planning are four 1.4GW nuclear reactors being built at Barakah in Abu Dhabi for start-up at a rate of one per year during 2017-20. Ras al-Khaimah’s Utico is building a 27...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Algeria Refining And Petchems: Ambitious Vision, Feedstock A Big Concern
...nder for the new refineries at Biskra and Tiaret with a view to a 2017 start-up. However, Sonatrach has yet to award front-end engineering and design (FEED) and project management consultancy contracts for either. Meanwhile, Sonatrach planning director Lamine Ouis told last week’s North African Oil an...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Oman Advances Downstream Projects
...pelines and terminal are expected to be operational in the first half of 2017. The MSPP will carry up to 93,000 b/d of products between Orpic’s Mina al-Fahal refinery near Muscat, the Sohar refinery, a storage terminal at Jifnain and Muscat International Airport. The system will include 290km of re...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
MENA Coal Plans Supported By ‘Unrealistically Low’ Electricity Prices
...ty Utico/Shanghai Elec. 0.27 2016 1.28 Morocco Jerada Sepco III 0.32 2017 1.51 Tu...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
OPEC’S Choice: Low Prices Now, Or Low Prices & Low Output Later-Naimi
...mmodities Research said on 15 December that a move below $60/B is not sustainable in the long run “as it would place considerable strain on the cost curve of the unconventional supply system required to meet demand requirements in 2016 and 2017.” Its analysts expect Brent to average $67/B in the first half of...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Abu Dhabi Advances Upstream Projects Despite Mounting Cost Pressure
...8mn b/d target. Meanwhile, the Zakum Development Company (Zadco) is moving forward with plans to boost production at the offshore Upper Zakum field by some 200,000 b/d to 750,000 b/d by 2017. Adnoc holds a 68% stake in Zadco, while ExxonMobil and Japan Oil Development Company (Jodco) hold 28% and 12%, re...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Repsol To Boost Algeria, KRG Presence With Talisman Purchase
...wnstream operations in Oman, Egypt, Algeria and Morocco. Looking ahead, Repsol says that its 29.25% stake in the Reggane Nord project in Algeria, which will see first gas in 2017, will net the firm about 14,000 boe/d as it looks to expand its global footprint. Repsol has just two exploration blocks in Ir...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
GCC Ratings Under Pressure From Oil Price Slide
...st $80/B in 2015-17, compared with a slow decline to $95/B in 2017 in the firm’s previous forecast. In a report issued on 1 July S&P noted that key Gulf producers would find themselves in a complicated fiscal position if oil prices turned south – which indeed they did, just weeks after S&P pu...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Turkey Advances First Nuclear Plant, Eyes New 4.4GW Project
...actor in 2017. Japan’s Mitsubishi Heavy Industries (MHI) and Itochu Corporation and France’s GDF Suez and Areva were awarded a contract last year to build four 1.1GW nuclear plants at Sinop, with the first scheduled for start-up in 2023 (MEES, 10 May 2013). Long-Term Needs Turkey’s 9.2GW of ap...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Turkey Bags More CCGT Funding, Russia Pledges Gas
...the plant in 2017 (MEES, 7 November). EBRD says it will provide a loan of $250mn, comprising $200mn from its own account and $50mn syndicated to Banque Saudi Fransi. The latter is also providing parallel financing of $100mn under a murabaha Islamic financial instrument, says EBRD. The Wo...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Iraq Hikes 2015 Export Projections, Includes Kirkuk, KRG Oil
...2009 and 2010 for further development or development of major oil fields in the south with initial plans to raise production capacity to over 13mn b/d by 2017. It has since lowered its target to around 9mn b/d and has negotiated lower plateau production targets with nearly all the major op...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Dubai Solar Shortlist
...en completed in 2030. Phase-2 is slated for 2017 start-up. Phase-1, a 13MW capacity solar PV plant was connected to the Dubai grid in October 2013. Dubai aims to generate 5% of its electricity from solar plants by 2030, although gas will still be the main provider with 71%. While DEWA is keen to...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Qatar Looks Resilient To Lower Oil Prices
...ile lower oil prices will sooner or later feed through into lower LNG revenue, Qatar, with its already established infrastructure, is in a much stronger position than the nascent competition. Australia is set to overtake Qatar as the world’s number one LNG producer by 2017 on their way to pr...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Jordan Moves Toward Austerity In 2015
...760mn) for current spending an JD1,175mn ($1,657mn) for capital expenditure. With inflation estimated at 2.4% in 2015, total spending is slated to rise by less than 1% in real terms. Real GDP is expected to grow at 4% in 2015 and 4.5% in each of 2016 and 2017. The Economy In 2014 Reviewing the cu...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
BP Still Hopeful Of Kirkuk Deal
...ploration and production, tells MEES that preparations are under way to start the third and final phase of development to take output towards the new, revised plateau of 400,000 b/d by 2017. Halfaya is operated by PetroChina with a 45% stake. Its partners are: Petronas (22.5%) and Total (22.5%) and Iraq’s So...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Says Oil Price Will Not Impact Expansion
...hieved by 2017 but slippages have pushed the date further into the future, though there is no doubt that Abu Dhabi will eventually make its promised contribution to global oil supplies. Still, uncertainty over the future makeup of the lapsed Abu Dhabi onshore concession (see p15), preparations to ne...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014