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UAE Needs To Spend Over $10Bn To Meet Rising Power Demand, Says BMI
...id BMI. In response to escalating demands, the UAE government announced plans to expand its 10gw production capacity by more than 50% by 2017....
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
CERA Sees Worldwide Oilfield Decline Rates Lower Than Consensus At 4.5%
...is new analysis provides the basis for more confidence about the future availability of oil.” He added that annual field decline rates were not increasing with time, and with anticipated new developments, “liquids capacity of around 91mn b/d in 2007 could climb to 112mn b/d by 2017. This outlook is...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008 -
Demand Growth Has Changed Radically, Says Fesharaki
...ar before October 2006. However, if prices go much higher, price controls are likely to be reimposed. China can be a potential exporter or importer on a very small scale, depending on her demand growth. India is planning to add nearly 1.8mn b/d of capacity between 2007 and 2017. In co...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007 -
ESAI Says Bush’s Gasoline Reduction Targets Unrealistic If Based On Ethanol
...mand projection shy of 11mn b/d by 2017, that would equal at most 1.1mn b/d of ethanol.” The second most likely ethanol/gasoline blend, according to ESAI, would be E85 (85% ethanol) and the president’s pledge would force the adoption of this blend. However, ESAI believes E85 has many pitfalls. “E8...
Volume: 50Issue: 06Published at Mon, 05 Feb 2007 -
Bush Calls For Reduction In US Gasoline Consumption, Backs Renewables
...ports by the equivalent of three-quarters of all the oil we now import from the Middle East,” he said. President Bush said that alternative and renewable fuel use must be mandated to reach 35bn barrels by 2017 in order to achieve the gasoline consumption cut – a new objective five times the existing ta...
Volume: 50Issue: 05Published at Mon, 29 Jan 2007 -
Private Financing To Play Key Role In Developing Saudi Power Projects, Says NCB
...ctor involvement in building 25,275mw capacity on a BOT basis with capital investment of SR67.43bn ($17.98bn). These projects would have an 80:20 capital structure and are targeted for completion by 2017. In addition, SEC would need to mobilize an estimated SR36.92bn ($9.85bn) to install 18,755mw ca...
Volume: 47Issue: 48Published at Mon, 29 Nov 2004 -
UN Security Council Threatens Oil Sanctions On Sudan
...2 354 2017 134 30 165 329 2018 128 29 157 314 2019 123 28 157 309 20...
Volume: 47Issue: 39Published at Mon, 27 Sep 2004 -
Agencies Rate Oman LNG’s $175Mn Commercial Bank Facility
...G’s existing $1.3bn commercial bank facility due 2017, of which $1.20bn is outstanding. Several key factors support S&P’s view that the additional debt and Oman LNG’s investment in QLNG are not detrimental to the A- rating, said the agency: “no cash flow from QLNG is assumed for Oman LNG’s ability to...
Volume: 47Issue: 30Published at Mon, 26 Jul 2004 -
Canada’s Heavy Oil Not A Threat To Middle East Producers, Says FACTS
...udy: “In the reference case, current production of 1mn b/d will rise to 2.2mn b/d by 2017. That is an addition of less than 100,000 b/d per annum. The reference case is based on WTI at $25/B and a natural gas price of $4.25/mn BTU. In the reference case the 1.2mn b/d of increase by 2017 will be di...
Volume: 47Issue: 27Published at Mon, 05 Jul 2004 -
Canada’s Nelson Resources Buys Stake In CNPCI’s North Buzachi Field
...atement said that the current government-approved full field development plan called for production to peak at 40,000 b/d in 2017, but Nelson and CNPCI would attempt to hit that production target by 2009. North Buzachi, which is located some 200km north of the Caspian port city of Aktau and about 18...
Volume: 46Issue: 50Published at Mon, 15 Dec 2003 -
Statoil Enters Algerian Gas Sector Through BP Share Transaction
...7bn, of which Statoil’s share is $540mn. Phase One of the project, involving the development of the Krechba, Reg and Tegentour fields, is 70% complete and gas sales are fully contracted at 9 bcm/y to 2017, Statoil said. The In Amenas project, which is licensed to 2022 with a five year extension op...
Volume: 46Issue: 26Published at Mon, 30 Jun 2003 -
Italy Cancels $40.4mn Of Jordan’s Debt
...reement between the two countries signed on 22 June 2000 (MEES, 3 July 2000). As a result, Jordan’s debt installments to Italy due until 2017 have been cancelled. The amount of debt cancelled corresponds to the disbursements made by the Jordanian Government in 2001 for financing a number of social and ec...
Volume: 46Issue: 17Published at Mon, 28 Apr 2003 -
The Economic Costs Of A War In Iraq
...e first year, despite the size of the deficit increase in that year being the same. Expectations of future deficits are important. The investment fall is also of a much longer duration. It is 2017 before investment is above baseline. The extra budget financing requirements means long term real in...
Volume: 46Issue: 13Published at Mon, 31 Mar 2003 -
Saudi Water Sector Requires $91Bn Investment Between 2003 And 2022, Says NCB
...219 4,813 3,610 2007 26.9 5,507 5,344 4,031 8,061 5,374 4,031 2012 30.5 4,185 4,185 3,620 9,143 6,095 4,571 2017 34.2 3,903 3,903 3,...
Volume: 45Issue: 40Published at Mon, 07 Oct 2002 -
Oman LNG $1.3Bn Refinance Moves To Second Round Of Bidding
...ming to market at this time. He also noted that acquiring two preliminary ratings would support the transaction. Standard and Poor’s (S&P) rating agency announced on 5 November that it had assigned an A- bank loan rating to the proposed $1.3bn commercial bank facility due 2017. The agency noted th...
Volume: 44Issue: 48Published at Mon, 26 Nov 2001 -
Egypt’s Cement Companies Continue Expansion And Merger Activities
...still a significant gap between cement demand and supply caused by large infrastructure programs throughout the country, according to HC Securities. Projects include the Toshka irrigation project (investment cost estimated at $89bn by 2017), development of the Sinai Peninsula (total construction an...
Volume: 43Issue: 18Published at Mon, 01 May 2000 -
Egypt To Issue Tender For Construction Of Two BOOT Power Plants
...sis through the year 2010 in an effort to meet domestic consumption needs which are rising at a rate of 7-8% per annum. The 15 power plants should raise the country’s generating capacity to 12,750MW by the year 2002, 17,000MW by 2007 and 27,500MW by 2017 (for a survey of Egypt’s power sector, see ME...
Volume: 42Issue: 41Published at Mon, 11 Oct 1999 -
First Gas Flows From Newly Completed Western Desert Gas Development
...om 12 tcf in 1992 to nearly 40 tcf today. Egypt痴 domestic demand is projected to rise from the current level of 1.8bn cfd to nearly 5bn cfd by the year 2017 (MEES, 28 June). In addition to the Western Desert, three big development projects consisting of five fields in the offshore Mediterranean are se...
Volume: 42Issue: 30Published at Mon, 26 Jul 1999 -
Gasco Expanding Egypt’s Gas Grid As Demand Is Projected To Rise To50BCM/Y By 2015
...M/y, about 1.8bn cfd) to 52 BCM/y (5bn cfd) by 2017 (see table below), MEES assistant editor Yasser Elguindi reports from Cairo. Most of this increase will come from the commissioning of additional power plants to satisfy growing demand for electricity, and the replacement of fuel oil by gas in ex...
Volume: 42Issue: 26Published at Mon, 28 Jun 1999 -
EDF Signs $1.2Bn Contract For Two BOOT Power Plants
...the year 2007 and 27,500MW by the year 2017. Mr. Abaza said that the government will offer two power plants to the private sector during the course of 1999 at Sharm al-Shaikh and Toshka with a combined generating capacity of 1,300MW, and will offer two more next year in Safaga and Za'afarana wi...
Volume: 42Issue: 11Published at Mon, 15 Mar 1999