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KRG Nears Separate Export Decision
...15 and a doubling of refining capacity to 200,000 b/d by 2014. Current liquids capacity stands close to 270,000 b/d. The 2015 targets are based largely on fields that have yet to be fully delineated or appraised, though there is little doubt significant growth potential exists. But for the foreign op...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Qatar Joins renewables Race In Move To Conserve North Field Gas
...likely to end the moratorium on further development when the study is completed in 2014. It has also been reluctant to expand existing export projects – declining to sell more gas to Dolphin Energy, which sends 2bn cfd of Qatari gas to the UAE and Oman via its 3.2bn cfd capacity pipeline. Furthermore, Qa...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Tunisia: Oil Production Slump Exacerbates Budget Shortfall
...om 2014. Ben Bir Tatar production should reach 5,000 b/d of sweet 40° API crude by late 2012 or early 2013, up from the current 2,500 b/d with an accelerated drilling program from the third quarter (following the addition of a second rig) and average one well a month for the remainder of 20...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Ankara Assumes Critical Regional Energy Role
...oil and products by rail or land into Turkey, if “required by national interest”, in a move potentially laying the foundations for future legal KRG imports by truck. And in March, Turkey’s energy regulator invited Turkish firms to apply for licenses to import Iraqi gas from 2014, opening up the pr...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...13 and 5.5% in 2014. Inflation is set to fall from the high of 20% in 2011 to 5% or lower in 2012. Total domestic and foreign debt is expected to remain at around 45% of GDP in 2012. As a result of the inflow of foreign loans, aid and remittances for Yemenis abroad, the deficit on the balance of pa...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Lebanon To Import 2.5Mn T/Y Of LNG, Convert Transport To CNG
...compressed natural gas (CNG) once the infrastructure is operating. In 2010 the government completed a study to build a 173km gas pipeline to connect the country’s power stations to the proposed LNG import terminal. Parliamentary and presidential elections in 2013 and 2014 will probably hold the pr...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...e plant, which is expected to produce 1.1mn t/y of urea and start up in the third quarter of 2014. Saudi Petrochemical/Refining Trading And Financial Data Company Share Price – 2 May Share Price Start of...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Kuwait, Oman And Qatar Push Refinery And Condensate Splitter Projects
...sref) 400,000 End 2014 UAE Ruwais 400,000 2013 10bn New refinery at sa...
Volume: 55Issue: 18Published at Mon, 30 Apr 2012 -
Abu Dhabi Burns More Crude And Gasoil To Meet Power Challenge
...ES at the Sour Oil and Gas Advanced Technology conference on 25-29 March. It will ramp up in 2015 to 500mn cfd of sales gas instead of the targeted 2014. Some estimates have shown Bab and offshore Hail each potentially providing 400-600mn cfd of sales gas, but Habshan 5 is not designed to handle the am...
Volume: 55Issue: 17Published at Mon, 23 Apr 2012 -
Oman Relies On PDO And BP To Meet Gas Challenge
...shore tight gas field, which it took over from BG in 2010. OOC will also take over Ras al-Khaimah Petroleum’s West Bukha offshore field in the Strait of Hormuz, bringing 45mn cfd of gas onshore to Oman instead of the UAE – its current destination – when its gas processing plant starts producing by 2014 (ME...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Iran And Oman Developing Hormuz Gas Projects
...l Company’s (OOC’s) upstream subsidiary Oman Oil Company Exploration and Production (OOCEP) is building a 120mw power plant on the Musandam peninsula, which juts into the Strait of Hormuz. The plant – scheduled to be operational in 2014 – will use feedstock from the field, which currently goes to Ra...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
IOCs Offer Abu Dhabi CO2 Technology To Secure Oil Fields
...xonMobil (9.5% each) and Portugal’s Partex (2%) – expires in January 2014, and its international oil company (IOC) shareholders are nervous that its fields might be awarded to newcomers. In January, at Masdar’s World Future Energy Summit, ADNOC’s chief 'Abd Allah Nasir al-Suwaidi made a statement that was wi...
Volume: 55Issue: 14Published at Mon, 02 Apr 2012 -
Abu Dhabi To Import 1.2Bn CFD Of LNG, Shah Gas Field Slips
...UAE Abu Dhabi To Import 1.2Bn CFD Of LNG, Shah Gas Field Slips Abu Dhabi’s decision to start importing LNG in 2014-15 will put it into competition with Kuwait and Bahrain for floating regasification and storage units (FRSUs), whose market is tight. Positioning the terminal in Fu...
Volume: 55Issue: 13Published at Mon, 26 Mar 2012 -
Korean Group Wins Abu Dhabi Oil Deal As ADCO Concession Nears Expiry
...ports. The concession for the ADCO consortium – ADNOC (60%), Shell, Total, BP and ExxonMobil (9.5% each) and Portugal’s Partex (2%) – will expire in January 2014. An international oil company (IOC) official, whose firm plans to compete when the ADCO concession ends, tells MEES about the Korean deal: “I su...
Volume: 55Issue: 11Published at Mon, 12 Mar 2012 -
Kuwait’s Jurassic Gas Project Hits More Problems
...oduce 50-60mn cfd of associated gas. Onshore, a project in Wafra field will collect 100mn cfd of associated gas by 2014 to use for in-field power generation. KNPC and KOC have programs to reduce flaring, but do not publish figures. KOC is relying on exploration to find 1bn cfd of non-as...
Volume: 55Issue: 10Published at Mon, 05 Mar 2012 -
Bahrain Discovers New Crudes As Gas Plans Take Shape
...eds to be reinjected to maintain reservoir pressure. It is envisaged that the increased gas contribution from Tatweer will tide Bahrain over until the proposed LNG import terminal is completed towards the end of 2014 and new gas sources are found on and offshore, said Dr Mirza, noting that NOGA is...
Volume: 55Issue: 09Published at Mon, 27 Feb 2012 -
Neutral Zone Oil Production Capacity To Increase 180,000 B/D By 2019
...afji, which produces 50-60mn cfd, and allow KGOC to implement its 1% flaring policy by 2015. French contractor Technip announced on 14 February it had won the 110km gas and condensate pipeline contract, to be completed by the second half of 2014. The pipeline will also take non-associated gas from Dorra fi...
Volume: 55Issue: 08Published at Mon, 20 Feb 2012 -
DEPA Looks To Link East Mediterranean Gas Discoveries With Greek Grid
...r Azerbaijan’s Shah Deniz Stage 2 gas – and also through the Interconnector Greece-Bulgaria (IGB) gas pipeline project, a 170km gas line that may be ready for operation by early 2014. While the ITGI is designed to send gas westward into Italy, the IGB is to move gas into the Balkans. The discoveries of...
Volume: 55Issue: 07Published at Mon, 13 Feb 2012 -
Reggane Nord Green Light Paves Way For Algeria Gas Mega-Development
...mel. It is not clear how the delays will impact project timing, but clearly the pipeline construction schedule will be a critical factor. Back in 2009, first gas from Timimoun and Touat was expected in 2013, with Reggane Nord projected to start production in 2014. The delay might allow phase two in...
Volume: 55Issue: 06Published at Mon, 06 Feb 2012 -
Iranian Crude Output Continues To Fall, Hurt By Sanctions
...d 2014 "Many challenges". Chinese, Japanese and Indonesian firms working on it Yaran Arvandan Oil & Gas Co. 300 0 30000 30000 en...
Volume: 55Issue: 05Published at Mon, 30 Jan 2012