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Aramco Doubles Stake In Korean Refiner, Part Of Global Downstream Push
...92mn b/d, and is a partner in three refineries – two in Saudi Arabia and one in China – with a combined capacity of 1.06mn b/d which are due onstream by the end of 2017. Alongside the refinery, S-Oil also operates the Bunker-C Cracking Center (BCC), which processes Bunker-C (No 6 fuel oil) output from th...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Saudi Hikes Generation Capacity, Boosts Combined Cycle Usage
...uqaiq 2.64 HFO 2017 U/C PP13 1.65 Gas 2017 U/C PP14 1.65 Ga...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
QNB Optimistic LNG Market Will Continue To Favor Qatar
...16 US Sabine Pass Train 4 4.5 Cheniere 2017 Australia Wheatstone LNG Train 2 4.5 Chevron, Kufpec, others 2017...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Mideast Refining Capacity Boost Underscores Growing ‘Hub’ Role- IEA
...minent deadline will be hit. Mideast Cdu Capacity (Mn B/D) Middle East Crude Distillation Capacity, Oil Products Demand 2013-19 (Mn B/D) 2013 2014 2015 2016 2017...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
UN: How GCC Petchems Players Can Combat Shale Revolution
...s Laffan, Qatar 2017 6.4 Chemaweyaat ADIC (40), IPIC (40), ADNOC (20) Al-Gharbia, UAE 2018 11.0-20.0 Al-Se...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Algeria Heading For Oil Output Drop
...velopment plan for the Ahnet tight gas project projected a 2015 start up, but first gas is now more feasible in 2017. The Timimoun project was originally intended to come online in 2010, it is now slated for completion in 2017. Together, the projects that are currently in the pipeline will add 20 bcm/ye...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Major Declines Ahead For Kuwait Oil Production, Says IEA
...line with its effective capacity; indeed, Saudi Arabia is the only producer with significant excess capacity, leaving global markets potentially vulnerable to an output shock. The only increment that the IEA foresees in the forecast period is 60,000 b/d in 2017 from the Ratga heavy oil project in...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Oman Seeks 2.6GW Capacity For MIS Grid
...rms under independent power producer (IPP) agreements. The deadline for RFQ submissions is 3 August. OPWP says that, out of the 2.6GW of capacity sought, 740MW is to be operational for summer 2017 and the remaining 1.86GW for summer 2018. OPWP’s current seven-year plan says that “following an ex...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Gas Shortage Leaves Iranian Petchem Plants Idle
...trochemical plants linked by Iran’s under-construction 2.5mn t/y West Ethylene Pipeline (MEES, 16 May). But, with additional gas from South Pars only likely to come onstream in late 2017 at the earliest (MEES, 6 June), the gas shortage for Iran’s petrochemicals sector and resultant overcapacity will get worse be...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
IEA: Middle East Gas Output Set For Strong Growth But Outpaced By Demand
...m) chg '13-'19 2000 2010 2013 2015 2017 2019 BCM % Middle East* De...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Delek’s Leviathan Development Fund Raising Gathers Pace
...rtners are looking to double Tamar’s gas output capacity to 20-22 bcm/year (around 2bn cfd) by building a third delivery pipeline by 2017. Current capacity is 1bn cfd, with output averaging 750mn cfd (MEES, 16 May). At Leviathan, Noble, Delek and partner Ratio Oil (15%) are looking to finalize a de...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Saudi Arabia Ponders Creation Of ‘National Reserve Fund’
...e end of 2017 – a sum that would in theory catapult the fund into second place on a ranking of the world’s top SWFs (see table). Dr Mariq says the aim of establishing the fund, also known as the “National Reserve Fund” is to accumulate financial surpluses and invest them to realize maximum returns. Th...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Iraq’s Southern Exports Hit Record 2.6mn b/d But North Still Out
...velop the field in December 2009 under a 20-year technical services contract for a remuneration fee of $5.5/B. Gazprom Neft has estimated the investment required to take the field to its target plateau of 170,000 b/d by 2017 at $2bn. Iran, which has made development of shared fields with Iraq a top pr...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014 -
Turkey’s Petkim Readies For Integration Of STAR Refinery
...ochu, under a $3.5bn engineering, procurement, construction and commissioning (EPCC) contract. Petkim plans to start up the plant in the first half of 2017 and does not foresee a shutdown for the hook-up of the two plants. Tecnicas Reunidas says the refinery will produce 4.8mn t/y of ultra-low su...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Refineries Output 2013
...amco 62.5%, Sinopec 37.5% 400 from 2017 Ja...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Oman’s Raeco Targets 25% Rural Renewables
...erates the small Duqm and Musandam electricity grids, with diesel-fired capacities of 67MW and 88MW respectively. Raeco plans to add another 80MW of diesel capacity in Duqm by 2017 and is considering a 300-400MW gas-fired plant. In Musandam Raeco is finalizing the expansion of Khasab power station with 8M...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Business As Usual For ADCO After Majors’ Departure
...the fact that the fields lie in an environmentally sensitive area. The UAE is targeting production capacity of 3.5mn b/d from 2.8mn b/d currently through further development of its onshore and offshore fields by 2020, somewhat later than the original 2017-18 target. This delay is due to a host of...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Egypt To Slash Petroleum Subsidies As Part Of New Budget
...% of GDP to health, education and scientific research by 2017, compared to 6% of GDP in 2013-14. It will aim to achieve sustained economic growth and restore confidence in the Egyptian economy, by adopting a number of reforms intended to correct structural imbalances in public finances, and achieve fi...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Palestinian Natural Gas Ambitions
...viathan field coming onstream in either late 2016 or early 2017. The distribution system in the Gaza Strip is even more in need of investment. In 2007, the World Bank estimated losses during distribution to be around 25%. An equivalent figure for Jordan was half this and for Israel it was ar...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Saudi Aramco Gives North Ghawar Reservoirs A Rest
...aybah is due to be completed by 2015, taking production to 1mn b/d, double initial capacity when the field came online in 1998, Aramco says. Khurais is also being expanded to produce 1.5mn b/d of Arabian Light by 2017, up from a current 1.2mn b/d. The company produced an average 9.4mn b/d of crude oi...
Volume: 57Issue: 21Published at Fri, 23 May 2014