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KOC Eyes $56bn Investment Bonanza
...pital expenditure of $11.5bn in 2012-13, $5.9bn in 2013-14, $11.4bn in 2014-15, $12.5bn in 2015-16, $9.1bn in 2016-17, and $5.4bn in 2017-18. Bad Press To some Kuwait may appear a poster child for how not to run an oil industry. But while there are clear issues surrounding pa...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Cyprus-Israel-Greece Electricity, Gas Links Studied
...ll identify EU-wide gas and electricity interconnection projects that it will partly finance from its 2014-20 budgets. If the HVDC cable is included, it could secure 5-10% of its final construction cost in the form EU grants and become eligible for loans from the European Investment Ba...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Mubadala To Invest $8bn In East African LNG Production
...jairah. This would complement or replace any contracts it will sign for supplies that will start in 2014. Abu Dhabi has been unable to import more gas through the 3.6bn cfd Dolphin Energy’s pipeline network to the UAE. The pipeline still has spare capacity of 1.6bn cfd. But Dolphin, in which Mubadala ha...
Volume: 55Issue: 47Published at Fri, 16 Nov 2012 -
Ankara Poised To Unleash KRG Upstream Investment
...condly to be absorbed into the Iraqi military, the Czech planes, which are lighter fighters, ideal for use in the KRG, could be operational by early 2014, one security analyst tells MEES. Iraq’s oil industry take-off, which at long last is promising to deliver a measure of prosperity and se...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Shale Revolution, Slowing Demand Growth Cut Into Call On OPEC
...b/d 2011 2012 2013 2014 2015 2016 2020 2025 2030 2035 OECD Am...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Takreer Awards Carbon Black/Coker Plant As Ruwais Expansion Takes Shape
...at, the CBDC plant. The expansion plant will have the capacity to process 417,000 b/d of ADNOC’s Murban crude. Construction is under way with a view to completion in February 2014. Takreer says the objective of the CBDC plant is to add value by upgrading bunker fuel and propane. This will in...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Fractious Politics, Oil Revenue Conflict Embroil Iraq
...i’a leader Muqtada al-Sadr. This conflict is expected to escalate ahead of the local elections scheduled in late April 2013, and parliamentary elections which are widely expected to be held in late 2013/early 2014. Oil Revenue Sharing Problems Among the many divisive issues in Iraq, is th...
Volume: 55Issue: 46Published at Fri, 09 Nov 2012 -
Iraqi Oil Sector Set For Major Change
...d his political ally, Deputy Prime Minister, Husain al-Shahristani. The latter is widely talked of as a challenger to Mr Maliki in the 2014 elections. Despite the recent agreement over a restart to KRG oil exports and a face-to-face meeting with his rival KRG Natural Resources Minister, Ashti Ha...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Libya’s AGOCO Looks To New Ghadames Production Heartland
...-4 to the east the 15mn barrels Tlascin field. In addition to Agoco, Italy’s Eni is planning to take advantage of synergies from the Medco development with plans to produce 10,000 b/d of crude from Ghadames Basin Block NC-118 from late 2014 (MEES, 20 August). Production would flow via a 60...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
MENA Solar Power Progressing In Small Steps
...scheduled for completion by 2014. Masdar has also developed three CSP plants in Spain, one of 20mw capacity and two of 50mw. Morocco is an early pace-setter in MENA solar, having committed to build the first of a number of plants intended to provide 2.0gw of power by 2020. The Mo...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Banks Hold Road Show For TAQA $2Bn Loan
...mpany Energie Beheer Nederland (EBN) holding the remaining 40%. The partners are expecting to invest upwards of $1bn in the project which will start up in April 2014, and reach full capacity in April 2015. Jan Willem van Hoogstraten, managing director of TAQA’s Dutch branch said capacity co...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
South Sudan Orders Oil Production Restart
...vernments to raise output. The IEA said last week it expected Sudan to produce 70,000 b/d on average this year, which should jump to 90,000 b/d in 2014, before dipping to 60,000 b/d in 2017. “Sudan and South Sudan are expected to rebound to a combined 360,000 b/d by 2015, though still 10...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Qatar Faces LNG Market Challenges
...e Sabine Pass project, and the next project that is likely to go ahead probably won’t read final investment decision (FID) until 2Q13, or even 2014; putting them in the 2017-18 time frame,” Mr Flower says. But if Japan starts importing US LNG at Henry Hub prices, some feel this may re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Middle East Refinery Capacity To Surge, Says IEA
...ddle East refining expansion will include 400,000 b/d capacity projects in Saudi Arabia and the UAE – due on stream in 2013, 2014 and 2015 – and smaller expansions in Qatar, Iraq, Iran and Oman. Ambitious expansion plans in Kuwait, Bahrain, Oman, the UAE, Iraq and Iran are excluded from the forecast as fi...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Iraq Wakes Up From Power Shortage Nightmare
...ld a dominant position in Iraq’s Kurdish north (MEES, 28 September). In addition to the 500mw Najibiya power plant due on stream in 2014, and a 126mw facility specifically for the Lukoil-led West Qurna-2 oil field development, Turkish firm Enka is converting the 1,000mw Single Cycle Irbil power plant in...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Aramco To Spend $35bn On Stabilizing Oil Capacity
...0,000 b/d by 2014. Manifa will help stabilize Saudi capacity by offsetting declines from mature fields. Saudi Aramco is also eyeing CO2 enhanced oil recovery. It is building a new CO2 capture facility and transport system, which will compress and dry CO2 from the Hawiyah NGL Recovery Plant, send it to...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
IEA Predicts Bleaker Days Ahead For OPEC
...e world’s largest economy,” the report projected. And in oil demand terms non-OECD should eclipse the OECD by 2014, the MTOMR revealed. Rising North American production will lessen the need for imports, leading to an actual reduction of inter-regional crude trade by some 1.6mn b/d to 32...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Tamar Partners To Supply Dorad Energy With Gas
...fshore infrastructure in order to meet contracted supplies. But as some buyers will not be ready to receive gas until the end of 2014 or later, the Tamar partners are expected to be able to juggle deliveries. However, an offshore LNG regasification facility supplied by Excelerate of the US is due to come in...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Luberef Lines Up Samsung For Expansion Project
...it (doubling capacity to 12,500 b/d) and vacuum distillation unit (increasing throughput capacity from 26,000 b/d to 39,000 b/d). He said that engineering work under the EPC contract is scheduled to be completed in March 2014. Procurement is scheduled to take place from December 2012 to July 2014. Co...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
Wärtsilä-Led Group To Build Jordan Power Plant
...able a switch to natural gas “once the infrastructure for natural gas supply is in place.” The plant will be built at al-Manakher, 30km outside ‘Amman. It will be developed in three phases, with the first scheduled to come on-line in February 2014 and the entire plant to be operational by Se...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012