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Kuwait Eyes Permanent LNG Facilities As Politics Holds Up $90Bn Energy Plan
...the Dorra offshore field in the Neutral Zone between Saudi Arabia and Kuwait, which share production. It could give Kuwait 500mn cfd in 2017, if Kuwait’s previous plans stay on schedule. The gas crisis could ease by 2020 when gas production capacity will be 3.5bn cfd. If KPC’s upstream di...
Volume: 54Issue: 15Published at Mon, 11 Apr 2011 -
Deadline Set For Competing Gas Corridor Projects, Nabucco Plans Extension
...ah Deniz consortium to take its final investment decision in 2013 so as to be able to ship the early gas volumes to Europe by mid to late 2017. The BP move coincided with an announcement by Socar’s President Rovnag Abdullayev that the final purchase and transit agreement between Azerbaijan’s So...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Wintershall To Join South Stream, Slovenia Signs JV Agreement
...rrent 0.5 bcm/y. The current contract expires in 2017. On 21 March, Russia’s Prime Minister Vladimir Putin told reporters that Russia would be providing the Turkish authorities with additional information to help precipitate the granting of a permit for detailed route planning of the offshore co...
Volume: 54Issue: 13Published at Mon, 28 Mar 2011 -
Turkey Looks To Investment And Exploration, Mulls Southern Corridor Options
...ans-Adriatic Pipeline (TAP) – were all present at one session of the conference, during which they pointed out the benefits of their respective projects. All three projects are competing for the gas that will be produced by Azerbaijan’s Shah Deniz Stage 2 project, expected to come on-stream in 2017...
Volume: 54Issue: 12Published at Mon, 21 Mar 2011 -
Socar Extends Shah Deniz Concession By Five Years
...niz 2 was originally expected to start production by 2013-14, a target that has been pushed back so far to 2017-20. The extension of the contract is also seen as an indication that the Azeris are approaching their decision time on the winner of the tender for the 10 bcm/y of gas from Shah Deniz 2 to be...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Solar Cell Plant To Be Built In Jubail
...er 12,000 t/y by 2017. Polysilicon Technology’s Executive Director and CEO Ibrahim al-Humaidan said that that there is a genuine trend to shift to renewable sources of energy from oil and gas in the production of electricity, and that solar energy would be one of the options open for Saudi Arabia to...
Volume: 54Issue: 10Published at Mon, 07 Mar 2011 -
Russia And Slovenia Look To Seal South Stream Agreement
...ubljana. Gazprom currently supplies Slovenia with some 0.51 bcm/year of gas under a long term contract which expires in 2017. The two sides have agreed on the expansion of the contract to 2035, but have yet to start negotiations on the details, including the projected increase in the supplied volumes. Mr...
Volume: 54Issue: 08Published at Mon, 21 Feb 2011 -
Iraq’s 20 Years Electricity Master Plan
...s reports and in the media, but also less than half of what is plotted in the plan’s chart for the two past years. Furthermore, the plan envisages a utilisation factor in excess of 75% from 2013, climbing to around 85% from 2017. In the quarterly report of the January 2010, the US Special In...
Volume: 54Issue: 06Published at Mon, 07 Feb 2011 -
AfDB Loans Egypt $550Mn For Suez City Power Plant
...yptian natural gas as feedstock and provide 5.5% of the country’s targeted increase to 41gw in installed generation capacity by 2017, the bank said. “Natural gas being the cleanest option in fossil fuels, the government’s policy is to implement an effective natural gas development and domestic ut...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Noble Energy Makes Major Gas Discovery Offshore Israel With Leviathan Well
...ginning in 2013, production from the Leviathan field is expected to be directed toward the export market. While the field is not expected to come into production before 2017, Noble and its key partner in the venture, Israel’s Delek Group, has already began to investigate the export options. “For ne...
Volume: 54Issue: 01/02Published at Mon, 10 Jan 2011 -
Shuweihat S3 Power Deal Suggests Dip In Financing Costs
...e issue. It will build four nuclear reactors costing around $20bn, but the first will not come on line until 2017, when power demand is forecast to hit 21.075gw. However, a UAE power expert said that before the nuclear plants start up, Abu Dhabi will still need to increase conventional power pr...
Volume: 53Issue: 51Published at Mon, 20 Dec 2010 -
Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus
...Middle East Economic Survey VOL. LIII No 50 13-Dec-2010 QATAR Qatar Delays Barzan Project Due To Domestic Gas Supply Surplus Qatar delays Barzan – it has a gas surplus up to 2017 and do...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
Future Global Need For The Increase In Iraq’s Oil Production
...low, Iraq has signed a number of contracts with major oil companies with a view to increasing its oil production from 2.5mn b/d to around 12mn b/d in 2017. Iraqi Upstream Awards Area Winning Consortium Remuneration Fee ($Bn...
Volume: 53Issue: 50Published at Mon, 13 Dec 2010 -
BSF Says Saudi State Expenditure Increasing Breakeven Oil Price
...vernment spending, the breakeven price of oil could rise to $98/B by 2017,” the report asserts. Saudi Breakeven Oil Price Rises Rapidly Source: SAMA, Banque Saudi Fransi forecasts. Nominal GDP figures released by the government for 1H10, meanwhile, have indicated strong growth in the non-oil pr...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Union Railway Awards Consultancy And Preliminary Engineering Contracts
...ance’s Systra has won the project management consultancy contract for the UAE’s $11bn Union Railway project. The initiative, which is due for completion in 2017, will see the emirates linked by 1,500km of freight and passenger rail networks. It will form an integral part of the planned pan-Arab Union Ra...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Iraq’s Oil Expansion And Market Stability
...re to produce a massive 9mn b/d capacity increment – bearing in mind the Iraqi oil ministry’s recent avowal of a target of around 12mn b/d by 2017. This presupposes that other OPEC members would be forced to minimize their own production quotas drastically enough to allow Iraq this immoderate ou...
Volume: 53Issue: 49Published at Mon, 06 Dec 2010 -
Iraq And The Security Of Energy Supplies For Europe
...d-2009 to a plateau of about 11.7mn b/d sustainable for the six consecutive years of 2017-22 and generating a substantive influx (trillions of dollars) of oil export revenues for a duration of 20 years. There will also be 820mn cfd from the three gas fields mentioned above and significant associated gas, es...
Volume: 53Issue: 48Published at Mon, 29 Nov 2010 -
Baghdad Initials Mansouriya And Siba Gas Deals
...rgeted 12mn b/d-plus production capacity by 2017 is a tall order and quite possibly unwanted given the potential negative impact such a tsunami of incremental production could have on outright prices. The infrastructure challenge is prompting outside observers to completely dismiss Iraqi official ta...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
Socar Sees Shah Deniz 2 Gas Agreements By Mid-2011
...ose maximum production capacity is estimated to reach 16 bcm/y by 2018-19. Early gas is expected to start flowing by late 2016 or early 2017, he noted. On 14 November, Socar’s Vice-President for International Affairs Elshad Nassirov, who is leading the company’s negotiating team with Botas and th...
Volume: 53Issue: 47Published at Tue, 23 Nov 2010 -
OPEC Sees Future Riven With Uncertainty Despite Tentative Economic Recovery
...a genuine world power in global oil markets. Iraq has plans to catapult its capacity from around 2.5mn b/d to over 12mn b/d by 2017. While few believe anything like such a surge is feasible in that time frame, there is a genuine prospect that Iraq could certainly upset inter-OPEC power dynamics an...
Volume: 53Issue: 45Published at Mon, 08 Nov 2010