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Iraq’s TSC And PSC Agreements – A Good Deal For Iraq?
...ans. If oil production grew substantially from 2010 as aggressive development drilling brought new fields online and drained more oil from established fields, Iraq oil and gas production could be increased by 45-150% in four-five years. Iraqi oil production is expected to peak in 2017 at 2.325mn b/d (Ib...
Volume: 53Issue: 03Published at Mon, 18 Jan 2010 -
Korean Consortium Wins UAE Nuclear Energy Contract
...ur civil nuclear power plants in Abu Dhabi. The first of the four units, each with capacity of 1.4gw, is expected to begin providing electricity to the grid by 2017, with the others to be completed by 2020. Construction is scheduled to commence in 2012. The consortium also includes Hyundai, Sa...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
UAE Nuclear Energy Body Formally Established
...can develop this technology safely and efficiently, and begin producing electricity for the homes, businesses and people of the UAE in 2017.” The government expects electricity demand to double by 2020. The organization will be regulated by the independent safety body, the Federal Authority fo...
Volume: 53Issue: 01Published at Mon, 04 Jan 2010 -
Iraqi Capacity Expansion Relative To World Oil Market Trends
...mber of IOCs, Iraq’s production capacity is set to reach a production plateau of over 11mn b/d by the year 2017, mainly from the development of the ‘supergiant’ oilfields of Rumaila and West Qurna-1, together with Zubair; and also from the subsequent (second) round of negotiations for the development of...
Volume: 52Issue: 51/52Published at Mon, 28 Dec 2009 -
Baghdad Round 2 Brings Multi-Million Barrel Production Promise
...adhban gave details of the Ministry of Oil’s 2008 five-year and 10-year plans. These called for oil production of 4.1mn b/d to be reached by 2012 and 6mn b/d by 2017. On exploration, the 10-year plan for 2008-17 includes adding some 40bn barrels of oil and some 70 trillion cu ft of gas to Iraq’s proven oi...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017
...Middle East Economic Survey VOL. LII No 50 14-Dec-2009 LIBYA Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017 Libya has delayed its plans to boost oil production capacity to around 3mn b/d until 2017 because of budget constraints and the market situation, th...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Iraq’s Technical Service Contracts – A Good Deal For Iraq?
...fer for the West Qurna 1 project (southern half of the West Qurna field) combined a Remuneration Fee per Barrel (RFB) of $1.90/B with a seven-year plateau production rate of 2.325mn b/d to be reached by 2017. Capital and operating costs were set at $25bn each over the life of the TSC (20 years ex...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
The Rush For Oil: Iraq’s Oil Capacity Potential And Regional Geopolitics
...oduction increments would come from the improved production rates in the producing field and the first commercial production in the green fields in 2011 and considerable capacity additions would be achieved by 2013. However, by 2016 and 2017 all fields will be hitting their production plateau target. The th...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Kuwait Moves Towards Water/Power Privatization Through First IWPP
...lf countries in the process, and its energy and water demand is increasing rapidly. By 2017 the MEW plans to double its power and water capacity, which is currently pegged at almost 13gw of power and 430mn gal/day of water. Saudi Arabia, UAE, Oman, Qatar and Bahrain all have well developed IW...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
Budget Oil Prices Higher In 2010, According To Preliminary Data
...01.7 2166.3 2327.5 2365.9 2233.9 2059.3 2017.4 Qatar 648.2 632.9 568.9 676.0 755.3 765.9 802.9 845.3 842.8 Saudi Arabia* 8,...
Volume: 52Issue: 35Published at Mon, 31 Aug 2009 -
Putin’s Visit To Ankara Signals Partial Shift In Russian Gas Strategy
...e Black Sea. Moscow wants to finish the pipeline before a 1997 agreement over the basing of Russia’s Black Sea fleet in Crimea comes up for renewal before Ukraine’s Rada (parliament) in 2017. The Kremlin wants to have minimal energy vulnerability when it comes to discussing with Kiev the re...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Debt Swap In Eurobonds Sustained Lebanon’s Sovereign Rating, Moody’s Reports
...tings, said Moody’s Investors Service on 16 March. The exchange, which had a total face value of $2.3bn for longer-dated foreign currency bonds set to mature in 2012 and 2017, is not classified as a ‘distressed exchange’ by the rating agency. Moody’s changed the outlook on Lebanon’s low B3 sovereign ra...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Delay Pays Dividends For Abu Dhabi’s SAS Development
...layed crude production capacity expansion from around 2.75mn b/d currently to 3.5mn b/d by 2017-18. Spanish firm Tecnicas Reunidas and Athens-based CCC won the $1.3bn Shah and Sahil field development contracts (Package B), while the UK’s Petrofac won the contract for the development of Package A – th...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009 -
Algeria’s Bid Round Disappoints, Economic Crisis And Tougher Terms To Blame
...mestic gas consumption to rise from an estimated 27.4 bcm this year to between 49.6 bcm and 67.1 bcm in 2017, according to different scenarios. Alnaft Chairman Sid 'Ali Betata was quoted by Algeria’s official daily El Moudjahid as saying that the 12 unawarded permits would be reoffered in 2009, in...
Volume: 51Issue: 51Published at Mon, 22 Dec 2008 -
DEWA’s Ratings Constrained By Debt, Helped By Central Role In Dubai
...an, which involves addressing a $2.2bn loan maturity by April next year, he explained. DEWA continues to execute an ambitious investment plan which is expected to add 15.5gw of additional generation capacity by 2017. Its rating is also a function of the close ties – operationally, strategically an...
Volume: 51Issue: 49Published at Mon, 08 Dec 2008 -
OMV Starts Nabucco Gas Supply Talks With Shah Deniz Consortium
...rameters of their cooperation. A draft of the agreement has been circulated in recent weeks. The Nabucco partners envisage first phase capacity of 8-12 bcm/year to start up in 2013, with completion of a second phase by 2015 and a third phase in 2017-18. Mr Auli said that, while Nabucco’s proposed fi...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Syrian Parliament Ratifies Extension Agreements With Shell And Total
...tal, which were approved by the Syrian Council of Ministers on 5 August and signed on 3 September (MEES, 8 September). The extension with Shell covers agreements which are due to expire during the period 25 December 2008 to 31 December 2017, while that with Total extends the existing license for 10 ye...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Syria Signs 10-Year PSC Extension Agreements With Shell And Total
...cember 2008 and 31 December 2017. AFPC’s crude production peaked at 400,000 b/d in 1994, but has since fallen to 180,000 b/d in 2005 and around 140,000 b/d in 2007. Output from AFPC in the first quarter of the year was estimated at 120,000 b/d, according to Mr 'Alaw (MEES, 14 April). Total And Sy...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Azeri Energy Minister Announces Readiness To Join Nabucco Project
...bucco – one branch of a gas pipeline which will give us the opportunity to deliver gas from the Caspian region to Europe.” Mr Aliyev also noted that Azerbaijan estimated that its future gas production would reach 32 bcm/year by 2014 and 40 bcm/y by 2017. This was the first time the Azeris have su...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Jordan Seeks Development Of Iraqi Gas Fields
...raise the supply of gas to Jordan via the Arab Gas Pipeline (AGP) to about 1bn cu ms/year (bcm/y) from the previous 700mn cu ms/year (MEES, 14 April), but that this was not sufficient because Jordan needs 1.5 bcm/y for industrial use alone until 2017. He added Egypt is unable to supply this ad...
Volume: 51Issue: 35Published at Mon, 01 Sep 2008