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Sanctions Slow Iran’s Condensate Export Growth
...scounted price to Iran.” Iran Base-Case Condensate Supply Outlook (‘000 B/D) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Current Pr...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Saudi Cabinet Approves Plans For Russia Nuclear Pact
...rm Atomstroyexport is currently in the second bidding round for the contract to build Jordan’s first nuclear reactor – planned for 2017 – using its AES-92 VVER-1000 technology. An early agreement with Saudi Arabia could see Russian reactor models get more weighted consideration from the au...
Volume: 53Issue: 44Published at Mon, 01 Nov 2010 -
Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project
...Middle East Economic Survey VOL. LIII No 43 25-Oct-2010 SAUDI ARABIA Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project Chevron is pushing ahead with its pioneering large sc...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
Turkey Waives Right To Export Azerbaijani Gas
...ril 2008, until when the price was $120/1,000 cu ms (MEES, 21 June). The readjusted price has created a debt for Turkey estimated at around $1bn. As of 2010, Turkey will be receiving 6.6 bcm/year from Shah Deniz Stage 1. When Shah Deniz Stage 2 production comes on stream in 2017, Turkey will be re...
Volume: 53Issue: 43Published at Mon, 25 Oct 2010 -
Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017
...Middle East Economic Survey VOL. LIII No 42 18-Oct-2010 CASPIAN Shah Deniz 2 Stage Two Will Not Supply Gas Till 2017 Tender documents issued recently by shareholders of the joint ve...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
Japan Promises Financial Assistance To Jordan’s Nuclear Drive
...e project’s safety, a Japanese Foreign Ministry statement noted. Jordan aims to start operations at its first nuclear power plant by as early as 2017, with a site close to Aqaba already having been selected by authorities. A Japanese-French consortium made up of Mitsubishi and Areva is currently in...
Volume: 53Issue: 42Published at Mon, 18 Oct 2010 -
MENA Energy Investment Outlook: Recovery Despite Uncertainty
...pected before 2017. 2. In a move to cut project costs, some project sponsors within the MENA region have had to rethink their contracting strategies, combining LSTK with Open Book Reimbursable Contracts (OBRC) through conversion agreements. 3. This has been developed in: A Aissaoui, ‘Powering the Ar...
Volume: 53Issue: 40Published at Thu, 14 Oct 2010 -
Region Needs $70Bn Investment Over 10 Years To Avoid Power Crisis
...ate-owned oil firm ADNOC is unable supply enough gas. Abu Dhabi Water and Electricity Authority (ADWEA) has 10.11gw power capacity, which will rise to 12.222gw by year end, MEES understands. It needs to build at least a further 10gw of generating capacity by 2017. The expansion would require 1.186bn cf...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Credit Suisse Appointed Financial Advisor For UAE Nuclear Program
...irates Nuclear Energy Corporation (ENEC) as the UAE proceeds to develop nuclear power generation capacity over the next 10 years. The bank is expected to focus primarily on project risk assessment. The UAE’s first 1.4gw nuclear reactor is set to become operational by 2017, with three others targeted for co...
Volume: 53Issue: 39Published at Mon, 27 Sep 2010 -
Jordan-Japan Nuclear Agreement Speeds Up Reactor Bidding Process
...th Japan, a development which helps pave the way for the planned construction of a commercial nuclear reactor as early as 2017. “Jordan is keen to benefit from Japan’s longstanding expertise in nuclear technology,” said Jordan Atomic Energy Commission (JAEC) Chairman Khalid Tuqan, one of the si...
Volume: 53Issue: 38Published at Mon, 20 Sep 2010 -
Kuwait And Japan Sign Nuclear Cooperation Agreement
...perts, regulation and public relations. Japan has signed similar agreements with UAE, which intends to have the first of its four planned nuclear power plants come online in 2017, as well as with Jordan. In April, Kuwait signed a similar agreement with France, with media reports speculating that the em...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Abu Dhabi’s Gas Crunch Worsens
...Middle East Economic Survey VOL. LIII No 32 9-Aug-2010 MEES Agenda Abu Dhabi’s Gas Crunch Worsens Abu Dhabi’s gas crisis will worsen until 2014, and continue until 2017 unless it finds an alternative to domestic gas, due to delays in major development projects. It already faces a 2b...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
Question Mark Hangs Over ADNOC Oil Concessions
...ude production capacity to about 3.6mn b/d by 2017 from about 2.9mn b/d, sustainable over a 90-day period, according to MEES calculations. (ADNOC uses a more conservative figure, 3.5mn b/d, of average annual output capacity, which takes into account field shut-downs over 12 months). In March 2009, AD...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Jordan And South Korea Sign $70mn Deal For Nuclear Research Reactor
...wer needs. The kingdom currently imports 96% of its energy needs at a cost of about 13% of its GDP. The site for Jordan’s first commercial nuclear plant – based on a 1.0gw Generation III reactor – has already been selected, near the port city of 'Aqaba, with start-up expected in 2017 at the earliest, th...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Shuweihat S3 Power Plant Attracts Bids From Five Consortia
...roughout the UAE and wider Gulf. Furthermore, Abu Dhabi’s plans for nuclear power stations complicate the issue. Abu Dhabi will build four nuclear reactors, costing a total of $20bn, due to its gas shortage, but the first reactor will not come online until 2017, when power demand is forecast to hit 21...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Iraqi Oil Fields Development: Profiles Of Production, Depletion And Revenue
...melines and production targets, their total production capacity would reach a peck of 11.815mn b/d, sustained for the six consecutive years 2017-22. For each oil field, annual production over the 20 years of the contract period was calculated according to the plateau production period (PPP) and their re...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Jordan-US Nuclear Energy Talks Going Smoothly, Officials Say
...d its completion “a long way off”, according to JNRC, though a site has been selected – at Aqaba – with a GDF Suez spokesperson noting in May that it could be ready to begin operations by 2017. Jordan has already awarded a $132.6mn contract to a Korean consortium led by Daewoo for the construction of...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Kepco Awards $4Bn Contract To Doosan For Main Facilities At UAE Nuclear Plants
...ing developed independently by Korean firms, and based on a design first introduced in the 1980s. The plants are scheduled to be completed in phases beginning in 2017, and represent South Korea’s first successful attempt to export its nuclear reactor technology....
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
End Of Turkish-Azeri Impasse Starts Race For Shah Deniz 2 Gas
...2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, subsequently rising to 6 bcm/y by 2019. Of this 7 bcm/y from Shah Deniz 2, 6 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Turkish petrochemical group Petkim. It is un...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
BG Suddenly Pulls Out Of $800Mn-1Bn Oman Gas Field Project
...s are produced. It expects to produce 200mn cfd next year, ramping up to 1.5bn cfd by 2017. But the contract was negotiated in 2006, before production costs soared during the energy boom. Muscat hopes that another player will take over BG’s concession, but it would have to offer a much better deal – ev...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010