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Gas Deadlock Resolved As Turkey And Azerbaijan Agree Terms For EU Deliveries (13)
...niz field, which is expected to produce 16 bcm/y by 2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, rising to 6 bcm/y by 2019. From the Shah Deniz 2 supply, 6 bcm/y of the 7 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Tu...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
Salman: Iraqi Upstream, Oil Market And Gas Market Issues
...aq to go ahead. Yes, we need IOCs to assist with the maintenance and increasing capacity. But is it necessary to do it on this large scale, to increase capacity to around 12mn b/d by 2017 as it is announced? Do you need to go to this high level of capacity, when you are not going to use it im...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
Third Turbine At Marib Power Plant Begins Operation
...owing local power demand. Marib-1 is the first of two gas-fired independent power plants (IPPs) expected to come on line at Marib by 2017, with Marib-2 expected to have a capacity of 400mw when it is completed. Eight other gas-fired power plants are also scheduled for completion by then, each with a to...
Volume: 53Issue: 22Published at Mon, 31 May 2010 -
BP And BG Ready To Declare Commerciality On Critical Omani Gas Projects
...lti tcf”. Initial estimates when the project was launched put gas in place at 17 tcf. BP may not hit full production from its Oman developments until 2017. It is tackling four reservoirs with varying amounts of liquids and acidity, which has delayed the construction of the central gas processing pl...
Volume: 53Issue: 21Published at Mon, 24 May 2010 -
CIS Development Hinges On Security And Cooperation
...ndensate. The field is to be developed in three phases, with total production reaching 71 bcm/year. Gazprom holds 51% of the project, while Total holds 25% and Norway’s Statoil, 24%. Phase 1 of the project, expected to start-up in 2017, will have capacity to produce up to 7.5mn tons/year of LNG. Asked if th...
Volume: 53Issue: 21Published at Mon, 24 May 2010 -
Jordan Signs Oil Shale Agreement With Eesti Energia
...able, Enefit would have access to the shale oil for a period of 40 years, extendable by another 10 years. The agreement covers the production of 38,000 b/d of shale oil and the generation of up to 900mw of electricity from a shale oil fired plant. First power is projected for 2016 and first oil for 2017...
Volume: 53Issue: 20Published at Mon, 17 May 2010 -
Arab States Pushing Ahead With Nuclear Energy Plans
...ans Arab states are taking strides in the development of peaceful nuclear energy to cope with rapidly increasing domestic power demands. So far the UAE is leading the pack, with one 1.4gw nuclear power plant scheduled for completion in 2017 and three others to follow by 2020, by which time authorities ex...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Dragon Arranges Short-Term Crude Swap With Iran, Seeks Longer Arrangement
...pply agreement signed earlier this month between Ukraine and Russia (MEES, 26 April). The current lease expires in 2017 and the new lease, supported by 236 members out of 450 total, moves this to 2042. Members of the Ukrainian parliament opposed to the agreement threw eggs and smoke bombs in the ch...
Volume: 53Issue: 18Published at Mon, 03 May 2010 -
Al-Janabi Sheds Light On Allawi Policies
...ey really be achieved in accordance with the schedule set for them providing Iraq with a production capacity of 12mn b/d by 2017? How will Iraq deal with OPEC in implementing such a fast-track increase in production-capacity? A: We are talking about policies, strategy, a step-by-step approach, and ca...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Ukraine Gets Russian Gas Reprieve With Amendments To Gas Supply Agreement
...e to expire in 2017, but now in place until 2042. Sevastopol, on the Crimean peninsula, is a strategic location for Russia’s presence in the Black Sea. Ukrainians in opposition to Mr Yanukovich have criticized the deal, including former Prime Minister Yulia Tymoshenko, who brokered the current gas ag...
Volume: 53Issue: 17Published at Mon, 26 Apr 2010 -
Korean Consortium Wins Jordan Nuclear Research Reactor Contract
...er a number of firms from Argentina, China and Russia. Construction will begin later this year near the city of Irbid, 70km north of 'Amman, with the reactor expected to be commissioned within five years and a nuclear power plant built by 2017, according to official news agency Petra. Work will involve th...
Volume: 53Issue: 15Published at Mon, 12 Apr 2010 -
Shell Calls For Iraq’s Gas Potential To Be Unlocked
...e AGP was designed to take 10 bcm/y, current volumes are pegged at around 4bcm/y. On the oil side in Iraq, Shell (with Petronas) won the Majnoon field contract. With reserves of 38bn barrels of oil, the contract calls for production capacity to be hiked to 1.8mn b/d by 2017. It is expected to cl...
Volume: 53Issue: 14Published at Mon, 05 Apr 2010 -
ADCO Awards $560Mn Contract For Qusahwira Development
...the expansion are projected for completion by 2017. NPCC will oversee the development of production facilities including central and remote degassing stations, oil producing, water and gas injection wells, and around 350km of pipelines over an estimated period of 33 months. The three-phase ex...
Volume: 53Issue: 13Published at Mon, 29 Mar 2010 -
Libya’s Hydrocarbon Revenue Projected At $40Bn In 2010 Budget
...tract foreign direct investment to its retail, construction and financial sectors. Current plans for the oil industry are to boost production capacity to 3mn b/d by 2017, according to Chairman of the National Oil Corporation (NOC) and de facto oil minister Shukri Ghanem (MEES, 14 December 2009). Main Bu...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Shuweihat S3 To Send Out RFP To Developers
...ading. The UAE’s power supply plan includes, from 2017, some large nuclear units, so ADWEA’s projects need to be coordinated with this alternative energy. However, while nuclear power supply is anticipated (see below), ADWEA will still need to continue to implement its own traditional projects. On the S3 pr...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
UAE To Commission First Nuclear Power Plant By 2017
...Middle East Economic Survey VOL. LIII No 10 8-March-2010 UAE UAE To Commission First Nuclear Power Plant By 2017 The UAE will commission its first nuclear power plant by 2017, the country’s Minister of Energy Muhammad al-Hamili said on 2 March. Speaking at a conference in Abu Dh...
Volume: 53Issue: 10Published at Mon, 08 Mar 2010 -
Companies Mobilize In Iraq As Critical Elections Loom
...lti-million barrels a day oil capacity expansion to 2017. On 7 March Iraqis go to the polls for nationwide parliamentary elections, but post-election negotiations are likely to mean that a new government will not be in place until mid-June or even later. While there has been opposition to the oil co...
Volume: 53Issue: 09Published at Mon, 01 Mar 2010 -
Algeria’s Southwest Gas Project Awaits Approval Amid Political Turmoil
...anwhile, BP and Statoil are spending over $2bn in a phased project, firstly through compression and then through the development of four southern fields, to maintain capacity at their 9 bcm/y In Saleh project to beyond 2017. Meanwhile, Algerian legal authorities on 14 February extended the term of ju...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
Abu Dhabi’s ADCO Targets 1.8Mn B/D Oil Capacity
...CO) for phase one of the Bab field expansion. The announcement follows ADCO’s release of details of its planned crude capacity boost from 1.4mn b/d to 1.8mn b/d by end 2017. In addition to 425,000 b/d of gross scheduled capacity expansion, ADCO sees potential for 250,000 b/d of capacity to be added fr...
Volume: 53Issue: 08Published at Mon, 22 Feb 2010 -
A Tentative Forecast For Iraq’s Oil Production 2010-20
...at three times the present production capacity of 2.5mn b/d and double the highest rate Iraq achieved in 1979. In the Second Licensing Round in December seven more fields (reserves conservatively estimated at 35bn barrels) were awarded. Another 4.8mn b/d of production capacity may be added by 2017...
Volume: 53Issue: 06Published at Mon, 08 Feb 2010