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Jordan Pushes Shale And Wind In Quest For Diversity
...ES, 18 October 2013); a 146mw gas-fired plant at Zarqa for start-up soon and a 143MW expansion of Samra III gas-fired plant for 2015 (MEES, 9 November 2012); and a 573MW tri-fuel plant at al-Manakher for early 2014 (MEES, 19 October 2012). ...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
OPEC Raises Up World Oil Demand Forecasts
...OPEC OPEC, in its latest oil market commentary, has edged up its world oil demand forecasts for both 2013 and 2014, citing positive developments in the OECD economies of both Europe and North America. Still, the producer group does not expect this to translate into increased demand for it...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Donors Pledge $2.4Bn Syrian Aid
...raise some $6.5bn for 2014 in order to provide medical care, food water and shelter for both refugees having fled Syria and civilians within Syria. The Secretary General noted that when the donors met a year ago 4mn Syrians needed aid, and that a year later the world is facing a regional and a hu...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Iran’s Indicators Improve As Sanctions Relief Approaches
...e real inflation rate to be much higher, the trend is clearly down. President Rohani said in November that his government is targeting a fall to 35% by the end of the Persian year on 20 March 2014; and to 25% a year later. The World Bank’s latest figure is 43% (for y/e October 2013). Un...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
World Bank Ups Global Growth Prospects, MENA In The Doldrums
...REGIONAL The World Bank has nudged up its global growth prediction for 2014. For MENA, a relatively healthy oil-fueled performance for GCC countries masks a sharp fall in growth projections for the region’s developing economies. In its latest twice-yearly Global Economic Prospects, re...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Iraq Expects West Qurna-2 Start-Up By End-February
...d consortium, is one of two key Iraqi oil field projects that are expected to contribute to the bulk of expected additional production capacity in 2014. Meanwhile, the first phase of export capacity expansion work has been completed, raising southern export capacity to 3mn b/d from 2.7mn b/d pr...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Petroceltic Focuses On North Africa As Investment And Production are Set To Slump
...EGYPT Petroceltic Focuses On North Africa As Investment And Production are Set To Slump Irish independent Petroceltic is anticipating lower production and investment volumes in 2014, as it seeks to move forward on a key Algerian gas project and focuses its spending on Eg...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Morocco Urges Caution On Exploration
...ve further wells on the permit during 2014. These will be identified with the aid of recently completed 3D seismic, Gulfsands says. Drilling is currently underway on minnow Longreach’s Sidi Mokhtar permit. “The exploration process is long, expensive and high risk… it often requires very many we...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
KRG Finalizes Marketing For End-January Independent Crude Exports
...0,000 b/d for Kurdish exports in its 2014 budget. The KRG says it plans to begin exports at a rate of 300,000 b/d, rising to 400,000 b/d by end-2014. What does seem clear from all the diplomatic traffic between Erbil and Baghdad, as well as the change in tone by Iraqi officials in recent weeks, is that the fe...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Saudi Starts 4GW CCGT Plant, Further 30GW Planned By 2018
...place by end-2018. SEC’s 2012 annual report says its planned generation projects until 2021 include 20.4GW of steam plants, 3.6GW of CCGTs and 3.77GW of upgrades for combined-cycle operation. Other key Saudi power projects set to come online by 2014 are state oil firm Saudi Aramco’s giant 4GW in...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Turkish Wind Power Soars With 124MW Of New Deals
...Hatay province. Deliveries will take place in 2014-15 and start-up is scheduled for February 2015. Acciona says the turbines are designed for sites with low wind speeds. The contract includes operation and maintenance for 10 years. Also in Hatay, Denmark’s Vestas has received an order from Tu...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
OPEC Output Recovers In December On Gulf Boosts
...wait’s Governor to OPEC Muhammad al-Shatti said in state-owned Kuwait Petroleum Corporation’s latest newsletter. “OPEC is expected to produce at below the group’s agreed ceiling of 30mn b/d in the first quarter of 2014, and that is a major supporter for the stability of current price levels,” he sa...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Kuwait Budget Surplus Falls In First Half 2013-14
...e rise in expenditure. The IMF said last December that the fiscal and current account surpluses are expected to remain large in 2014 and that at a constant level of oil production real GDP growth will rise to around 3%. But the IMF cautions that it is important to restrain current expenditure gr...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Egypt In 2014: Referendum And Elections
...EGYPT Egypt In 2014: Referendum And Elections In 2014 Egypt is planning a referendum on a new constitution, as well as presidential and parliamentary elections, as part of a campaign to legitimize the overthrow of the Muslim Brotherhood government under former President Mu...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Oman’s 2014 Budget Aims To Curb State Expenditure
...OMAN Oman’s 2014 Budget Aims To Curb State Expenditure Oman’s freshly-released 2014 budget envisages a modest increase of 5.0% in total expenditure to OR13.5bn ($35.1bn), compared to a 29% increase in 2013 over 2012. Oman officially projects inflation at 1.4% for 2014 – le...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Nine Approaches To Counter The Emergence Of Unconventional Oil
...d demand will continue to widen, exceeding approximately 1.5mn b/d in 2013 and 2014. Accordingly, the oil market has become a buyer’s market; customers have an advantage over sellers in price negotiations. In response to customers’ demands, oil sellers might reduce crude oil prices further in or...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Iraq Achieves 2013 Oil Output Target But Exports Still Constrained
...13). Deal Or No Deal? Iraq has factored in 400,000 b/d of Kurdish exports in the 2014 budget, which is calculated on the basis of total exports of 3.4mn b/d. However, achieving that target is contingent on the settlement of past dues that Erbil says were promised by Baghdad but not fully im...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Iran: Winter Months To Bring Some Relief To Sunken Crude Export Figures
...ports until at least the end of the 2013-14 financial year in March 2014, and still be in a position to win another waiver extension from the US. Between April and November 2013, India shipped in 171,000 b/d of Iranian crude, official trade statistics show. But this is still some way off the 22...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Iraq Defends Misan Refinery Deal
...tarem “has shown that it has well-known partner companies and financiers,” the ministry adds. Accordingly, “the memorandum of understanding was signed on 10 October 2013 and ends on 10 February 2014.” The ministry says it “will study and analyze all the presented” information and notes that “this me...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Tacaamol Aromatics JV
...livered through a pipeline that is part of the phase one work. Chemaweyaat in 2010 said the Tacaamol plant would incorporate a 70,000 b/d reformer. The project was intended for 2014 start-up, but the need to complete the FEED work and then award engineering, procurement and construction contracts me...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014