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Dubai Moves On Jalilah
...110km of pipeline. The fast-track project is scheduled for completion in the second half of 2014, the company said. Technip has already completed subsea projects for DPE at the South West Fateh and Falah fields, two of Dubai’s four producing oilfields. The four structures contain an estimated 4b...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Petchems Firms Foster ‘Made In Saudi Arabia’
...wever, extensions to the bidding deadline mean the 2014 official start-up target may be compromised. SABIC also plans to invite bids for an EPC contract to build a 200,000 t/y acrylonitrile plant at Jubail. SME Program While SABIC has opened R&D centers in China and India to support its push into la...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Dubai’s Dewa Adding 400mw
...d 140mn gal/day (636,000 cmd) of water. The station’s current 2.06GW capacity comes from 6x234MW gas turbines and 3x218MW steam units. M Station, completed last year, is the largest power and desalination plant in the UAE (MEES, 12 April 2013). DEWA’s total 2014 budget is Dh20.56bn (5.55bn), of...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Turkey Power Projects Pipeline Seeks To Maintain Fuel Balance
...gned an MOU for a 10-year program that would start with a 1.44GW plant (MEES, 11 January 2013). TAQA subsequently deferred its investment decision to 2014 because of the political schism that emerged between the two countries after the military coup that deposed President Mursi in Egypt (MEES, 13 Se...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Chinese Import Slowdown Sets Alarm Bells Ringing For OPEC
...intain top spot for 2014 as a whole; indeed, give or take the odd month, falling US imports mean China is likely to hold this position for decades to come. Beijing Diversifies OPEC supplies to China totaled 3.59mn b/d in 2013, accounting for 63.6% of total imports. This is down slightly from the 65...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Force Majeure A Reminder Of Risks For Energy Producers In Egypt
...ving initially hoped to bring the fields online this year. Neither of the blocks are part of TransGlobe’s 2014 production forecast of 20,500 b/d. However, PGNiG’s parting shot stands out for giving political risk as a reason for the company’s departure from Egypt. IOCs have been careful to play do...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Repsol Defies Libya Storms
...LIBYA Repsol Defies Libya Storms Spain’s Repsol has made Libya a focal point of its 2014 exploration drive, in spite of the ongoing disruptions to oil exports that are keeping the bulk of the country’s production offline. Repsol aims to sink six exploration wells into Li...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Oil Service Companies Eye Middle East For 2014 Growth
...REGIONAL Oil Service Companies Eye Middle East For 2014 Growth Service firms plan to carry through 2013 Middle East growth into 2014. Three of the largest international oil services companies recently reported 2013 results. Despite two of them being hit by disruptions in...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
UN Sees Polarized Performance In Arab Region
...ited Nation’s ESCWA Economic Development and Globalization Division. Speaking at a press conference on 24 January to launch the UN’s The World Economic Situation and Prospects 2014, Mr Dardari, who is also the program’s Chief Economist, said major energy exporters, mainly of the Gulf Cooperation Co...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Bid Round Puts Algeria’s New Hydrocarbon Law To The Test
...lumes by end-2013. Maersk says output was 84,000 b/d at end-2013, implying the third of the plant’s three trains had yet to start. Current production is from 53 wells, with a further 27 to be brought onstream with the third train, Sonatrach says. Algeria: Blocks On Offer In 2014 Bid Ro...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Gas The Priority For Iran’s New Oil Team
...mber of phases,” he explains, opting instead to focus on just one phase at a time, so as to get an incremental 1.8bn cfd boost in as short a time as possible. “This should begin to close the [gas] supply gap,” he says. In this Iranian year (March 2013-March 2014) the state has had to limit gas su...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Saudi Petchems Firms Report Mixed 2013 Fortunes Amid Tough Market Conditions
...rnings in 2014, while SIIG will benefit from improved operating efficiencies at existing plants. Petrochem’s decreased losses resulted from improved operations at the Saudi Polymers plant, although it “has yet to reach the design capacity in all its operating units.” Output at full capacity would in...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
OPEC Cautiously Optimistic On 2014 Demand And Price Prospects
...OPEC OPEC Cautiously Optimistic On 2014 Demand And Price Prospects OPEC’s key medium term challenge is to keep its head above water for the next decade. Over these 10 years it will have to manage production increases from within its own ranks and continued growth in non-OP...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
DNO Grows In Tunisia
...cently as 2010, and gas output of around 280mn cfd also well down, Tunis is keen to maintain the momentum of an exploration drive. Muhammad Akrout, chief executive of state oil company Entreprise Tunisienne d’Activites Petrolieres (ETAP), told MEES last October that 15 wells would be drilled in 2014. An eq...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Kufpec Scales Up Ambitions With Shell LNG Buyout, RWE-Dea Bid
...ntracts totaling 4.2mn t/y – or roughly half of future liquefaction capacity. Still, it is unclear what terms Wheatstone could offer KPC unavailable to the Kuwaiti NOC on the open market. For its part, Shell is set for a $15bn divestment program in 2014 and 2015. Incoming CEO Ben van Beurden says Sh...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Baghdad Piles Financial Pressure On KRG
...IRAQ Baghdad Piles Financial Pressure On KRG Iraq cannot finance its projected 2014 deficit unless the KRG settles its arrears to the federal treasury, warns Haidar al-‘Abadi, head of the Iraqi parliament’s Finance Committee. Mr ‘Abadi says that unless the Kurdistan Re...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
UAE Funds Renewables In Africa, Pacific
...valu and Vanuatu under ADFD grants, with project completion expected in late 2014. Masdar also signed framework agreements with the European Investment Bank for clean energy projects in the MENA region and with Portuguese utility EDP for large-scale renewables projects in Latin America, Africa, the Mi...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Yemen: 2014 Budget Looks To Patch Holes In Violence-Fueled Revenue Slump
...YEMEN Yemen: 2014 Budget Looks To Patch Holes In Violence-Fueled Revenue Slump Simmering violence through much of the country and growing secessionist movement in the south, coupled with frequent attacks on oil and gas pipelines, power lines and other infrastructure, have ta...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
ILO Report Offers Stark MENA Outlook
...ILO Report Offers Stark MENA Outlook The International Labor Organization’s 2014 ‘Global Employment Trends’ report, released this week, is bleak reading for MENA. North Africa is the worst preforming region globally on a whole range of metrics; the Middle East isn’t far behind. MEES cr...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Aramco Awards Bring Forward Shaybah 1Mn B/D Target To 2016
...crement Project is part of the ongoing Shaybah NGL Recovery Program mega-development – intended to process 4bn cfd of gas to produce 240,000 b/d of ethane (MEES, 4 June 2012). This includes nine other major contracts that are under way, to be completed by the end of 2014, Aramco says. While the Sh...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014