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MENA Steps Up Desalination Capacity Expansion
...M joint venture with King ‘Abd al-‘Aziz City for Science and Technology (KACST). The plant is expected to provide up to 30,000 cmd of drinking water and is due online in 2014 as part of a national initiative to build several solar powered desalination plants. IDA says the largest thermal de...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Aramco Sells Crude To Power Stations At $4.50/B
...in 2014. Their wellhead production can be boosted to 3.05bn cfd in peak summer demand months, giving 2.135bn cfd of sales gas. Wasit is part of Aramco’s plans to increase output of Saudi raw gas to 15.5bn cfd in 2015. Alternative power will not have a major impact on gas displacement in the short term....
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
QP: What’s Next?
...id Barzan, which will have three of the largest well head platforms ever built in the North Field, is scheduled to be completed by 2014. QP itself has already been restructured. Dr Sada holds three positions that in other companies are filled by separate people. He is also chairman and ma...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
SEC Profits Up 20% In 2012
...ne in 2015. SEC is also working with partners on four independent power producer (IPP) projects: 1.2gw Rabigh-1 and 1.729gw Riyadh PP11 are due on line in 2013; 4.0gw Qurayyah is scheduled for 2014; and 1.81gw Rabigh-2 is slated for completion in 2017 (MEES, 18 January). SEC’s fifth planned IPP will be...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Yemen’s 2013 Budget Aimed At Speedy Return To Stability
...her ways of generating new sources of revenue. Inflation is projected to rise to 9% in 2013 with the pickup in economic activity from 7% in 2012, the statement said, but the government sees a fall in the rate in 2014-15. Unemployment is also expected to fall to 34% in 2013, 32% in 2014 and 30...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Difficult Days Ahead For Iraq
...wnfall by calling a parliamentary vote of no confidence. Failing that, their next chance to change the government will come with the spring 2013 district and provincial elections and the January 2014 parliamentary elections. However, even if they are successful and Mr Maliki fails to serve fo...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Qatar Changes PSAs to JVs, Invests In Al-Shaheen
...000 b/d). It expects to sign a JV with QP within two years, to operate the fields when its PSA finishes in 2016. In November Total signed a heads of agreement to form a JV (60% QP, 40% Total) to operate the 19,000 b/d offshore al-Khaleej field when the PSA expires in early 2014. Maersk and Oxy expect to get mu...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
French President Promotes Total On UAE Visit
...vitation to prequalify to bid for the concession of Abu Dhabi Company for Onshore Oil Operations (ADCO) consortium – ADNOC 60%, BP 9.5%, ExxonMobil 9.5%, Total 9.5%, Shell 9.5% and Partex 2%. Its target is 1.8mn b/d of crude production capacity by 2017. ADCO’s concession expires on 11 January 2014. After th...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Turkish-Qatari Gas Talks Stall As Balkan LNG Terminal Discussed
...nstruction of a new regasification terminal. This could help Qatargas reach markets in southeast Europe after the Interconnector Turkey-Bulgaria (ITB) pipeline is commissioned in 2014. The new LNG terminal, located on the Gulf of Saros in European Turkey, close to the Greek-Turkish border, is ex...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
SEC Lines Up ACWA-Led Consortium For Rabigh-2 IPP
...P 4,000 Eastern Province Under construction 2014 Rabigh IPP2 1,700 140km north of Jiddah Planning stage 20...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
2012 Jordan’s ‘Most Difficult Year’ Since Early 1990s
...the second half of 2014. There are also plans to build a pier for supply vessels and an LNG terminal, as well as a new crude oil pier (MEES, 20 August 2012). ...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Samba Projects Fall In Saudi Real GDP Growth In 2013-15
...anian output. Samba adds that that it sees fundamentals easing in 2013, as additional supply from Iraq and North America will have more of an impact. Therefore it projects an easing of Saudi oil production by around 4.5% in 2013, but in 2014-15 a pickup in world demand should lead to a co...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Algeria Set For LNG Capacity Hike
...ntract to import LNG equivalent to 4bcm/y of gas. The deal between Turkish state firm Botas and its Algerian compatriot Sonatrach was first inked in 1995 and had been due to expire in 2014. Yildiz also expressed a desire that ultimately volumes could be increased to 6bcm/y, an option for which is...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Higher Oil Prices Adopted In 2013 Budgets
...ojections. Unsurprisingly, it has not disclosed an oil price. Iran is increasingly isolated by US and EU sanctions, and its oil exports have tumbled which will make for fraught 2013 budget deliberations – its 2013 budget will run from 21 March 2013 to 20 March 2014. While the outlook for GCC pr...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Aramco Eyes Seven-Well Red Sea Drilling Drive
...e on stream in 2014 – are all non-associated offshore gas fields. By contrast, exploration onshore in the Empty Quarter has proved largely disappointing. Aramco’s next onshore gas increment, the 75mn cfd Midyan field, is of considerably more modest proportions. The shift offshore and to non-as...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
UAE Misses 3Mn B/D Crude Target, Set To Become Net Gas Importer
...ergy pipeline, LNG via Dubai, and plans to import 600mn cfd of LNG at Fujairah by 2014, and this is set to increase. At the same time the UAE exports LNG to Japan from Abu Dhabi. According to BP’s Statistical Review of World Energy the UAE has 6 trillion cu ms of proved gas reserves – the se...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Gas Prices To Double For Omani Industries
...dustrial gas consumers and reached an agreement to amend prices as follows: From $1.50/mn BTU in 2012, it will rise to $2/mn BTU in 2013, and further to $2.50/mn BTU in 2014,” the minister was quoted as saying by the local media. “In 2015, the price of natural gas would be $3/mn BTU, and thereafter it wo...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Turkey’s EÜAŞ And TAQA Sign Powergen/Mining Deal
...10 TAQA awarded an engineering, procurement and construction (EPC) contract for the expansion to Japan’s Mitsui and Company and South Korea’s Daewoo Engineering and Construction. The spokesperson said that commissioning of Units 5 and 6 is scheduled for completion in December 2013 and April 2014 re...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
AES Jordan Awards Tri-Fuel Plant Contract To Wärtsilä
...avy fuel oil (HFO), distillates or natural gas as fuel. It is scheduled to be operational by July 2014. Jordan’s gas supply from Egypt has been erratic since the overthrow of the Mubarak regime in early 2011, forcing it to keep its options open as it pushes to expand generating capacity. Wä...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Iran Oil Ministry Refutes Export Plunge
...l, oil products and condensate. According to Mr Kateb, for the next Iranian year (21 March 2013-20 March 2014) the Oil Ministry has reportedly forecast exports of approximately 1.5mn b/d, significantly lower than 2011’s 2.2mn b/d. The International Energy Agency (IEA) in its latest monthly oi...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013