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Jordan 2013 Budget Targets Projects, But Also Austerity
...e government’s policy of curbing operational costs, especially for energy consumption, water, telecoms and travel expenses. He expects the fiscal deficit to fall to 4.8% of GDP in 2014 and to 3.2% in 2015. Loss Of Egyptian Gas Increases Fiscal Deficit Jordan is currently facing hard ti...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Challenges for Libya’s upstream sector
...verse impact on the country’s production profile. Upcoming Projects In Libya Company Date Field, Location ‘000 B/D Eni 2014...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Gulf Refiners Set For Major Crude Distillation Capacity Boost
...abia 400 2013 Yasref (Saudi Aramco/Sinopec) Yanbu', Saudi Arabia 400 2014 Takreer Ruwais, UAE 41...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
MENA Power Generators Pushed Diversity In 2012
...E’s sourcing of fuel and technology from a number of countries with uranium resources and nuclear technology (MEES, 21 December 2012). Delivery of fuel will begin in 2014-15 for the first of four 1.4gw to be built at Barakah by Korea Electric Power Corporation (Kepco) and due on-line during 2017-20. La...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
US Independent Buys Morocco Offshore Stake
...fshore farm-outs concomitant drilling commitments dwarf the initial payment. Plains will fund 100% of future exploration up to $215mn, including two commitment wells with potential sidetracks. The first well – slated for 2014 – will target the Toubkal prospect which has a “mean resource potential” of 1....
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Lebanon Unveils Bid Round Schedule
...censes to explore blocks within Lebanon’s EEZ. Additional reports indicate that the PSA expects final agreements for exploration rights to be signed in March 2014. Favorable results of 3D seismic surveys conducted by UK-based Spectrum and Norway-based Petroleum Geo-Services have attracted gr...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Qatargas Seals First Long-Term South-East Asian LNG Supply Deal
...12 to around 2.4mn tons this year, and around 4.6mn tons in 2014. Asian demand for LNG has continued to grow in recent years as countries seek more fuel for power generation. As a result, Qatar has looked to maximize its value by diverting supply originally planned for European and US ma...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Saudi Arabia Tackles Water Demand Jump
...ants. King ‘Abd al-Aziz Center for Science and Technology has helped developed a 30,000 cmd plant at al-Khafji, which will start up in 2014. Saudi Arabia is developing a plan where renewables will receive subsidies to make them competitive in power generation – many of the desalination plants’ power ge...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Anti-Maliki Protests Roil Investment Climate
...nstitutionally it is the President who can initiate a vote of no-confidence in the government. Iraq will not hold parliamentary elections until 2014, but a heavy defeat for Mr Maliki in provincial elections next year could potentially provide a platform for opponents to make another attempt to un...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013