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UAE’s Dragon Oil Hikes Crude Output
...ans to increase its Turkmenistan production to 100,000 b/d by 2015: the company is set to drill 13-15 additional wells in 2013 and a combined 40 wells in 2014 and 2015. The company’s share price is up 9% since the beginning of the year. Dragon and a consortium of companies that includes Ku...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
QP: What’s Next?
...id Barzan, which will have three of the largest well head platforms ever built in the North Field, is scheduled to be completed by 2014. QP itself has already been restructured. Dr Sada holds three positions that in other companies are filled by separate people. He is also chairman and ma...
Volume: 56Issue: 04Published at Fri, 25 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 -
KRG Investors Plough On Despite Rising Tensions
...[the Chevron-operated giant] Tengiz.” The KRG is pinning its hopes on opening up an independent export route, which will need support from Turkey. There are two potential pipeline projects that could impact developments by early 2014. Firstly Anglo-Turkish Genel Energy is planning an in...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
SABIC Strategy Tracks Demographic Trends
...heduled to be completed in the fourth quarter of 2014. It will produce a variety of ABS grades for the automotive and electrical appliance industries (MEES, 18 June). Outside the kingdom, SABIC is focusing on joint projects in China. A joint venture between SABIC and Chinese state firm Si...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
TAQA Secures $1.1Bn Deal For BP UK Assets
...a. The deal comes amid general recovery in relations between Abu Dhabi and BP as the major seeks to renew its stakes in historic upstream concessions, which expire in January 2014 (MEES, 16 November). “We think this acquisition is a great strategic fit for TAQA,” the company’s head Carl Sh...
Volume: 55Issue: 49Published at Fri, 30 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 -
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 -
East Asian Firms Come Of Age In Middle East With Iraq Investment Drive
...ed another pipeline. Mega-projects at Rumaila, Zubair, and West Qurna-1 are also ramping up, and at the end of 2013 a 200,000 b/d phase 1 of the Lukoil-led West Qurna-2 will begin to start up. Potentially, West Qurna-2 could rise steadily through 2014 to hit 400,000 b/d – the field capacity will be th...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Qatar In Talks To Boost Shell Share Stake To 7%
...r Onshore Oil Operations (ADCO) consortium, in which Shell holds a 9.5% stake. The ADCO concession includes most of the emirate’s major onshore fields and expires in January 2014. Abu Dhabi pays ADCO stake holders a fee of one dollar per barrel of their share of the consortium, which aims to produce 1....
Volume: 55Issue: 37Published at Fri, 07 Sep 2012