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Cyprus Tenders To Import Natural Gas For Domestic Power
...cility to start receiving shipments of natural gas, but gas from the Aphrodite field is not expected to become available until 2017. DEFA is the authority responsible for the import and distribution of natural gas in Cyprus. MEES understands that Cyprus intends to begin discussing with Israel in...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Baghdad Looks To Expand Kirkuk Field
...oduction ('000 B/D) Field Current Planned 2017 Kirkuk 270 570 Bai Hasan 195 240 Ja...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Melrose Agree Merger
...gust closing price. Petroceltic had a market capitalisation of £185mn at the 16 August close. Petroceltic has highly promising undeveloped assets but no plans for production (and thus revenue) before 2017 (MEES, 6 August). This makes the revenue stream provided by Melrose’s oil and gas pr...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Abu Dhabi Moves Ahead With Nuclear Program
...E Abu Dhabi Moves Ahead With Nuclear Program The UAE’s nuclear operator, Emirates Nuclear Energy Corporation (ENEC), has awarded six contracts worth a total of about $3bn to a group of international nuclear fuel suppliers. The first of the four nuclear power plants to start up will be Barakah in 2017...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up
...GERIA Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up Petroceltic’s 'Ain Tsila gas field on the Isarene permit in Algeria’s prolific Illizi Basin is set to move to development with the company, its Italian partner Enel and Algerian state firm Sonatrach having finalized de...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Management Appointed For Oman’s Duqm Refinery/Petchems Project
...ned Oman News Agency reported on 7 August. Phase 1 – the refinery – is scheduled for start up in 2017, followed by Phase 2 – a petrochemicals plant, which is still being studied. ...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Algerian Gas Set For Boost From 3.7 BCM/Y Petroceltic Development
...n Tsila discovery approach their climax. A final investment decision is expected later this year, with first production from the Isarene permit in Algeria’s prolific Illizi Basin slated for 2017, James Cockayne writes. Negotiations between Petroceltic, its Italian partner Enel, and Al...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
BP To Sign Gas Deal With Oman By September
...gotiating price, how much gas the company can produce and over what period of time. The government has recently raised the cap it puts on what it pays producers to $3/mn BTU. Nonetheless BP is hoping to get $4-6/mn BTU for the 1bn cfd of gas it expects to produce by 2017 and a share of the 20...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Confusion Spreads Over Abu Dhabi Oil Fields Concession
...nce the process started and Abu Dhabi, which suffers from a severe gas shortage each summer, does not expect to get full gas output from Shah until 2015. Onshore oil projects also face delays. ADCO’s official target date has slipped from 1.8mn b/d production capacity in 2016 to 2017, partly du...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Kuwait: Oil Minister Reappointed, Refinery Plans Advance, Petrofac In Gas Talks
...ES. Earlier in the year KNPC was citing 2017 as the target for completion, although acting oil minister Hani Husain is understood to have recently said it will be ready by 2018-19. Kuwait aims to build a new 615,000 b/d refinery at al-Zour. In parallel it will develop the Clean Fuels Pr...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Oman Starts Reducing Gas Subsidies
...id. “There is a realization in the gas sector that gas prices of seven, eight, nine years ago are no longer valid.” BP aims to produce 1bn cfd of gas and 20,000 b/d of condensate by end-2016/early 2017 from its $15bn Khazzan/Makarem tight gas project (MEES 16 April). It will take a final in...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Investors Flock To $4bn Qatar Sukuk
...23 2 174.1 /155 3.24 3.241 November 2011 Bond Issue Jan 2017 2 225/184 3.18 3.125 Jan 20...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
New US Sanctions Hit Iran, Upstream Sector Already Stressed
...owing of the Pakistani problems – are not pushing the project and it is unlikely to be completed by 2017. Russia is in talks to provide technical and financial help to the $1.7bn project. The US is pressuring Pakistan to use the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline instead. ...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Apache Takes Long Term View On Egypt
...GA adds in its detailed review of the OPIC/Apache application. The latest reinsurance comes on top of $3mn Apache raised through an April bond placement. Of this $400mn (at 1.75%) is due in 2017, $1.1bn (at 3.25%) in 2022 and $1.5bn (at 4.75%) in 2043. The bulk of funds will be used for “general co...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
Gulf Keystone Expects Oil-In-Place Boost At Iraq’s Shaikan Field
...e ultimate development target is 400,000-500,000 b/d. One source tells MEES this is scheduled for 2017, which looks ambitious, but another source says 200,000 b/d is more likely by this date. However, all these targets are moot given that KRG production is currently held-in due to a dispute with Ba...
Volume: 55Issue: 28Published at Mon, 09 Jul 2012 -
Iraq Prepares To Launch GTL Project
...d-2013 for a 2017-18 start-up. Canadian upstream firm Talisman Energy and Sasol expect to complete a feasibility study into a 48,000 b/d or 96,000 b/d GTL plant in Alberta, Western Canada this summer. The FEED will finish 24 months later and then a final investment decision (FID) will be taken. Sa...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
OOC And IPIC To Launch Duqm Refinery Joint Venture
...termined to put all necessary efforts to see the project is successfully commissioned in 2017,” IPIC Managing Director Khadim 'Abd Allah al-Qubaisi said. Both OOC and IPIC have said they expect to prequalify engineering firms for the project by end-2012. The complex was initially intended for a 20...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Abu Dhabi Raises Crude Production Capacity Target
...stainable output. State-owned Abu Dhabi National Oil Company (ADNOC) – which provides the bulk of the nation’s output – uses a more conservative definition of annual average output. It had previously stated its target as 3.5mn b/d production capacity by 2017. Most of Abu Dhabi’s producing oil fi...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Iraqi Infrastructure Crunch Begins To Bite
...cision is still some months off, the government appears to be leaning towards the 9.3mn b/d target to be achieved in phases by 2020, Mr Ghadhban said. The oil ministry, which has conducted its own study, looks to be still committed to reaching plateau by contractual 2017, albeit at a reduced 9.5mn b/d le...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Oman Anticipates More LNG Exports On Back Of BP Upstream Output
...oject starts ramping up end-2016/early 2017, Nick Wilson writes. In its 2011 annual report published in May, OLNG says although its exports by volume declined 2%, its revenue rose 26.47% compared to the year before from $3.13bn to $3.96bn due to a 31% rise in prices. OLNG’s sales are in Asia-Pa...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012