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Kuwait And Japan Sign Nuclear Cooperation Agreement
...perts, regulation and public relations. Japan has signed similar agreements with UAE, which intends to have the first of its four planned nuclear power plants come online in 2017, as well as with Jordan. In April, Kuwait signed a similar agreement with France, with media reports speculating that the em...
Volume: 53Issue: 37Published at Mon, 13 Sep 2010 -
Abu Dhabi’s Gas Crunch Worsens
...Middle East Economic Survey VOL. LIII No 32 9-Aug-2010 MEES Agenda Abu Dhabi’s Gas Crunch Worsens Abu Dhabi’s gas crisis will worsen until 2014, and continue until 2017 unless it finds an alternative to domestic gas, due to delays in major development projects. It already faces a 2b...
Volume: 53Issue: 32Published at Mon, 09 Aug 2010 -
Question Mark Hangs Over ADNOC Oil Concessions
...ude production capacity to about 3.6mn b/d by 2017 from about 2.9mn b/d, sustainable over a 90-day period, according to MEES calculations. (ADNOC uses a more conservative figure, 3.5mn b/d, of average annual output capacity, which takes into account field shut-downs over 12 months). In March 2009, AD...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Jordan And South Korea Sign $70mn Deal For Nuclear Research Reactor
...wer needs. The kingdom currently imports 96% of its energy needs at a cost of about 13% of its GDP. The site for Jordan’s first commercial nuclear plant – based on a 1.0gw Generation III reactor – has already been selected, near the port city of 'Aqaba, with start-up expected in 2017 at the earliest, th...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Shuweihat S3 Power Plant Attracts Bids From Five Consortia
...roughout the UAE and wider Gulf. Furthermore, Abu Dhabi’s plans for nuclear power stations complicate the issue. Abu Dhabi will build four nuclear reactors, costing a total of $20bn, due to its gas shortage, but the first reactor will not come online until 2017, when power demand is forecast to hit 21...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Iraqi Oil Fields Development: Profiles Of Production, Depletion And Revenue
...melines and production targets, their total production capacity would reach a peck of 11.815mn b/d, sustained for the six consecutive years 2017-22. For each oil field, annual production over the 20 years of the contract period was calculated according to the plateau production period (PPP) and their re...
Volume: 53Issue: 30Published at Mon, 26 Jul 2010 -
Jordan-US Nuclear Energy Talks Going Smoothly, Officials Say
...d its completion “a long way off”, according to JNRC, though a site has been selected – at Aqaba – with a GDF Suez spokesperson noting in May that it could be ready to begin operations by 2017. Jordan has already awarded a $132.6mn contract to a Korean consortium led by Daewoo for the construction of...
Volume: 53Issue: 29Published at Mon, 19 Jul 2010 -
Kepco Awards $4Bn Contract To Doosan For Main Facilities At UAE Nuclear Plants
...ing developed independently by Korean firms, and based on a design first introduced in the 1980s. The plants are scheduled to be completed in phases beginning in 2017, and represent South Korea’s first successful attempt to export its nuclear reactor technology....
Volume: 53Issue: 28Published at Mon, 12 Jul 2010 -
End Of Turkish-Azeri Impasse Starts Race For Shah Deniz 2 Gas
...2017. According to this second agreement, Turkish imports will start at 2 bcm/y in 2016-17, subsequently rising to 6 bcm/y by 2019. Of this 7 bcm/y from Shah Deniz 2, 6 bcm/y will be allocated to Botas while the remaining 1 bcm/y will be delivered to Turkish petrochemical group Petkim. It is un...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
BG Suddenly Pulls Out Of $800Mn-1Bn Oman Gas Field Project
...s are produced. It expects to produce 200mn cfd next year, ramping up to 1.5bn cfd by 2017. But the contract was negotiated in 2006, before production costs soared during the energy boom. Muscat hopes that another player will take over BG’s concession, but it would have to offer a much better deal – ev...
Volume: 53Issue: 24Published at Mon, 14 Jun 2010 -
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