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Abu Dhabi Wraps Up Finance For Mirfa IWPP
...4GW nuclear plants at Barakah, due online in 2017-20. Abu Dhabi Water and Electricity Authority (ADWEA, 80%) and France’s GDF Suez (20%) are targeting a phased start-up during 2016-17. Whether similar large-scale gas-fired capacity is sanctioned in the future may depend on UAE’s ability to so...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Is $90/B The New $100/B For Saudi Arabia?
...ll produce 200,000 b/d. The 250,000 b/d Shaybah expansion is due to be completed in 2015 and Khurais in 2017, according to Aramco’s work schedule, ensuring that Saudi Arabia can maintain its current production capacity beyond the end of the decade. OPEC Demand Forecasts OPEC’s WOO expects gl...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
GCC Aid For Egypt Benefits Gulf Independents
...w blocks, taking two in the Nile Delta. The company last month said it had been paid $47mn (in Egyptian pounds) by Cairo, although $11mn of this has been ring-fenced for spending on its plans to expand its Egyptian output to 160mn cfd by 2017 (MEES, 24 October). Under the deal Dana Gas is allowed to ex...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Jordan Looks To Slash Deficit In 2015 Budget
...e objective of controlling and boosting the efficiency of public spending. The budget estimates annual GDP growth at 4% in 2015 (in line with the IMF’s latest estimate) and 4.5% for 2016 and 2017. On the expenditure side, current spending is estimated at JD6.9bn ($9.729bn), up 2.9% from 2014, ma...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Khafji Remains Offline As Neutral Zone Squabble Escalates
...at Chevron will move forward with its planned $5bn, 80,000 b/d first phase of its steam injection program at Wafra. As it stands, the project has already faced several years of delay and a final investment decision isn’t expected until 2017. Costs have also ballooned, which may force the project to be...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
Iraq To Split Basra Crude Streams
...oducing around 320,000 b/d of medium and heavy oil, up from 220,000 b/d a month earlier. Output from the field is due to rise to 400,000 b/d early next year, and eventually to a revised plateau of 1.2mn b/d by 2017. Production from Halfaya, now at just over 250,000 b/d of medium crude, is set to rise to 40...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Capacity Build Takes Saudi Refinery Runs To Record 2.17Mn B/D
...heduled for 2017 start-up. Further ahead, Oman is looking to build a 230,000 b/d refinery at Duqm for 2018 start-up, Kuwait is planning a 615,000 b/d plant at Al-Zour, which is due online in 2019, and Bahrain plans to raise Sitra refinery capacity by 93,000 b/d, also for 2019. Meanwhile, Qatar and Ir...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Bahrain Refinery Revamp To Boost Heavy Oil Upgrading
...y, Bapco’s CEO told MEES that the firm was still in discussions with Saudi Aramco – even though Bapco plans to fund the pipeline itself. The new pipeline will likely be completed in 2017 or 2018, with at least a year to spare before the refinery expansion is commissioned. The expansion is part of...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
IFIs Back Renewables In Southeast Mediterranean
...nk 26 100 Tafilalt solar PV 2017 Morocco World Bank 519 350 Noor 2 & 3 solar CSP 20...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Dana: Egypt, KRG Payment
...na’s Egypt production by 160mn cfd and 5,600 b/d of condensate by 2017. $18Mn From The KRG In Iraqi Kurdistan, Dana Gas says it received a cash advance amounting to $18mn, again a small part of the hundreds of millions of dollars the company says it is owed in back payments for gas an...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Lebanese Economy Resilient Despite External Shocks
...rther $4.4bn in Eurobonds in several tranches to meet its fiscal needs in 2015, 2016 and 2017. A draft law has been sent to parliament to seek approval for the larger Eurobond issue by November, the minister said. The ratification of such a law is essential for debt refinancing. Mr Khalil expects th...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
US Shale A Threat To Mideast Condensate, Despite Oil Price Slide
...pansion of the Panama Canal is finished. While plans call for completion of the expansion next year, Mr Troner says that, more realistically, it will be finished in 2016 or 2017, allowing liquid tankers of up to 160,000 DWT to pass. Qatar’s condensate exports, meanwhile, are set to dwindle the same ye...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Saudi Speciality Petchems Transformation Focuses On Aromatics
...14 Jazan* 830 2017 Produced by catalytic reforming of naphtha Benzene Satorp, Jubail 150 20...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Oman Turns To Wind To Cut Rural Generating Costs
...ights ranging from 120ms to 145ms and capacities of 2.0-3.2MW. The wind farm is expected to be developed by Masdar over 24 months, incorporating turbines from a leading global turbine maker and with local contractors having a “good share” of the project. Mr Magdheri anticipates start-up in early 2017...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Iraq’s New PM Acts To Root Out Corruption
...e third phase of production to take capacity to a plateau of 400,000 b/d by 2017 as per the amended TSC. The work will include a third production unit including four oil/gas separation plants, four storage tanks and water treatment facilities. PetroChina’s partners in the Halfaya development are Pe...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Abu Dhabi Boosts Offshore Output As Umm Lulu Comes Online
...m Lulu, 100,000 b/d is set to come from expansion of ADMA-OPCO’s Lower Zakum field and 170,000 b/d from the SARB and Nasr fields. ADMA-OPCO’s plans are part of ADNOC’s strategy to raise production capacity from around 3mn b/d to 3.5mn b/d, initially expected in 2017. Yet ADNOC’s target pr...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Iran Reveals Impact Of Bushehr Outages, UAE And Jordan Pass Nuclear Milestones
...anian contractors. The UAE’s nuclear program, meanwhile, appears to be on schedule to deliver one 1.4GW plant each year during 2017-20. Emirates Nuclear Energy Corporation (ENEC) says Korean contractor Kepco has poured first concrete for the reactor building of the Barakah-3 plant. Construction is ex...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
MOL Confident Of Future In Kurdistan
...tends to raise production from the block to an expected minimum 50,000 boe/d by 2017-18. Early production from Akri Bijeel began in March this year at a rate of 3,500 boe/d and Mr Dodds says it is expected to ramp up to 10,000 boe/d by the end of the year. The temporary facilities are to test zones wh...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
KUFPEC Plants First Gulf Flag In North American Shale
...rth American upstream chief says. KUFPEC says that the results of wells drilled by Chevron and other firms with acreage in Kaybob are “comparable to the best in the US Eagle Ford shale play.” Chevron and KUFPEC will conduct a full appraisal drilling program between this year and 2017, to be followed by...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Egypt Enjoys Unexpected Bid Round Success
...nority partner RWE by 2017, and is active drilling in other offshore acreage. In addition to Eni, compatriot Edison also now holds three contiguous East Mediterranean deepwater exploration blocks. The Italian firm signed up for the North Port Fouad block with Irish independent Petroceltic in the la...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014