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Cyprus Nears Exploration License Awards, Says Minister
...early 2013 and the LNG project proposal. “Noble has given us a very good plan explaining all the requirements for developing Block 12,” he said, but added that it will be 2017 before Block 12 gas will be available for domestic use. For that reason Cyprus must find an interim gas supply fo...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Qatar Faces LNG Competition As Japan Diversifies Suppliers
...ptember with the Japanese government, which will help fund the planned $13bn LNG export terminal in Vladivostok. It could speed up Gazprom’s final investment decision (FID) on the initial 10mn t/y capacity plant, which is scheduled for first phase completion by 2017-20. Gazprom has said that it could su...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Algeria Advances Refining Expansion With Start Of Biskra Construction
...0,000 b/d set to come onstream by 2017. The Biskra plant will produce 500,000 t/y (11,600 b/d) of gasoline, 220,000 t/y (7,000 b/d) of LPG and 169,000 t/y (3,600 b/d) of Kerosene, according to energy minister Youcef Yousfi, speaking at the launch. Three further plants of “similar” configuration ar...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
UAE Secures $2Bn Ex-Im Bank Loan To Buy US Nuclear Equipment
...ese are due to come on-line from 2017. By David Knott The Export-Import Bank of the United States (Ex-Im Bank) announced on 7 September the authorization of a $2bn direct loan to the UAE’s Barakah One Company to underwrite the export of American equipment and services for th...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Iran’s Bushehr At Full Capacity, MENA States Pursue Nuclear Programs
...ectric Power Corporation (Kepco). ENEC plans to build four 1.4gw plants, with the first to be built at Barakh and due on-line in 2017 (MEES, 20 August). Jordan, like Iran, has substantial uranium reserves and sees extraction as part of its nuclear program. Parliament has not approved the go...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Oman Pushes Refinery Expansion, Considers Impact On Crude Exports
...finery – is scheduled for start up in 2017, followed by Phase 2 – a petrochemicals plant, which is still being studied. It could produce ethylene depending on gas supply. Oman faces a gas shortage, but BP’s 1bn cfd Khazzan-Makarem tight gas project could be on stream by then (MEES, 20 July). Or Oman could op...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012 -
Oman Eyes $110Bn Upstream Investment
...r declaration of commerciality and a final investment decision by the second quarter of 2013 and start-up by end-2016/early 2017. PDO – which has invested about $300mn in its five-year gas exploration program, including drilling one of the deepest wells in the Middle East (7,145ms) – plans to...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Algeria Details Power Generation Capacity Expansion Plans
...nsumption peaking at 9.78gw on 2 August. Outages sparked violent protests in various parts of the country. Sonelgaz estimates that double-digit demand growth seen in recent years will continue and expects 12.3% a year growth in peak summer demand between now and 2017 (see chart). Domestic demand ac...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Tunisian CO2 Study May Scupper Plans For Zarat Development
...upper, or at least seriously delay, Canadian independent Sonde Resources’ plans to produce 37,000 b/d of oil and 80mn cfd of gas from the Zarat field, Tunisia’s largest undeveloped field, from 2017. James Cockayne reports. Sonde operates the Joint Oil Block which straddles Tunisian/Libyan wa...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Cyprus Seeks Short Term Gas Deal With Israel
...r delivery of Block 12 gas to shore. Currently, it is forecast that gas from the Aphrodite field would arrive in Cyprus in 2017, provided an agreement is reached soon and construction of a pipeline gets underway. In a recent issue of the Cyprus government gazette, Noble issued two te...
Volume: 55Issue: 35Published at Mon, 27 Aug 2012 -
Libyan Upstream Activity Picks Up
...d engineering work (awarded in late 2010) was incomplete when hostilities broke out last year and a final investment decision has yet to be taken. Waha groups US firms ConocoPhillips (16.33%), Marathon (16.33%) and Hess (8.16%) with NOC (59.16%). Table 1: Libyan Production Increments to 2017...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Cyprus Tenders To Import Natural Gas For Domestic Power
...cility to start receiving shipments of natural gas, but gas from the Aphrodite field is not expected to become available until 2017. DEFA is the authority responsible for the import and distribution of natural gas in Cyprus. MEES understands that Cyprus intends to begin discussing with Israel in...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Baghdad Looks To Expand Kirkuk Field
...oduction ('000 B/D) Field Current Planned 2017 Kirkuk 270 570 Bai Hasan 195 240 Ja...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Melrose Agree Merger
...gust closing price. Petroceltic had a market capitalisation of £185mn at the 16 August close. Petroceltic has highly promising undeveloped assets but no plans for production (and thus revenue) before 2017 (MEES, 6 August). This makes the revenue stream provided by Melrose’s oil and gas pr...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Abu Dhabi Moves Ahead With Nuclear Program
...E Abu Dhabi Moves Ahead With Nuclear Program The UAE’s nuclear operator, Emirates Nuclear Energy Corporation (ENEC), has awarded six contracts worth a total of about $3bn to a group of international nuclear fuel suppliers. The first of the four nuclear power plants to start up will be Barakah in 2017...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up
...GERIA Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up Petroceltic’s 'Ain Tsila gas field on the Isarene permit in Algeria’s prolific Illizi Basin is set to move to development with the company, its Italian partner Enel and Algerian state firm Sonatrach having finalized de...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Management Appointed For Oman’s Duqm Refinery/Petchems Project
...ned Oman News Agency reported on 7 August. Phase 1 – the refinery – is scheduled for start up in 2017, followed by Phase 2 – a petrochemicals plant, which is still being studied. ...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Algerian Gas Set For Boost From 3.7 BCM/Y Petroceltic Development
...n Tsila discovery approach their climax. A final investment decision is expected later this year, with first production from the Isarene permit in Algeria’s prolific Illizi Basin slated for 2017, James Cockayne writes. Negotiations between Petroceltic, its Italian partner Enel, and Al...
Volume: 55Issue: 32Published at Mon, 06 Aug 2012 -
BP To Sign Gas Deal With Oman By September
...gotiating price, how much gas the company can produce and over what period of time. The government has recently raised the cap it puts on what it pays producers to $3/mn BTU. Nonetheless BP is hoping to get $4-6/mn BTU for the 1bn cfd of gas it expects to produce by 2017 and a share of the 20...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Confusion Spreads Over Abu Dhabi Oil Fields Concession
...nce the process started and Abu Dhabi, which suffers from a severe gas shortage each summer, does not expect to get full gas output from Shah until 2015. Onshore oil projects also face delays. ADCO’s official target date has slipped from 1.8mn b/d production capacity in 2016 to 2017, partly du...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012