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The KRG Blinks First In Oil Dispute With Baghdad
...IRAQ The KRG Blinks First In Oil Dispute With Baghdad The Iraqi Parliament held a first reading of the stalled 2014 federal budget despite a Kurdish boycott, but a second reading has not been scheduled, suggesting the legislature may struggle to pass the budget bill before Ap...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Shell Awards Majnoon Oil Deal, Gas Still A Problem
...ree Misan fields of Fakka, Abu Gharb and Bazergan to 220,000 b/d by the end of 2014 from 135,000 b/d, the Iraqi Nina News service reported on 18 March. It quoted the company’s director general ‘Ali al-Bahadli, as saying that the operator plans to drill 39 new wells in the three fields and build an ex...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Kurdish Oil Output Set To Rise But Exports Elusive
...ducting the total value of the 400,000 b/d that it says the KRG pledged to export in 2014. The dispute has delayed passage of the federal budget in parliament, putting a strain not only on the semi-autonomous region’s finances but affecting projects in other provinces and governorates as well. In the KR...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Cyprus Looks To Drilling Uptick To Boost LNG Plans
...d-14 2 *Eni 80% Kogas 20% Drilling planned 2H 2014 3 Eni 80% Kogas 20% Drilling planned 2H 2014 9 Eni 80% Kogas 20% Drilling planned 2H 2014...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
$1.75bn Tamar Deals
...tash Company and the Jordan Bromine Company to supply them with 1.9 bcm of Tamar gas from 2016 for use at their Dead Sea facilities (MEES, 21 February 2014). Tamar, discovered in 2009, last year began supplying Israeli industry with natural gas. Currently production is 750mn cfd. A $220mn, 200mn cf...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
MENA Active Drilling Rigs February 2014*
...MENA Active Drilling Rigs February 2014* February 2014 br...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Iraq: Record Oil Exports But Infrastructure Bottlenecks Remain
...ojects in the south that production would have risen above 4mn b/d had the Kurdistan Regional Government (KRG) honored its export commitment of 400,000 b/d for 2014 as per the still stalled federal budget – implying 3.6mn b/d of ‘federal’ production. Basra Terminal Upgrade The exports, which re...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Oman Targeting Steady Crude Output Through 2018
...dest hike marks the end of the road in Oman’s plans to raise production. Officials say the sultanate is planning to restrict output to no more than 960,000 b/d over the same 2014-18 period in an effort to manage its increasingly challenging resources. “Average production of crude oil [and co...
Volume: 57Issue: 10Published at Fri, 07 Mar 2014 -
Italy’s Eni In New Tirade Against Iraq Contract
...pay them around $12.5bn in 2014, he said. The efforts of the foreign oil companies since the first and second oil auctions were held in 2009-10 have helped to raise oil production capacity to levels above 3mn b/d from just over 2mn b/d before 2010. Exports are expected to average 2.7mn b/d th...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Iran Cuts Gasoline Additives
...ORDC, petrochemical components in gasoline are polluting and don’t meet standards. This gasoline will not be distributed in Tehran any more. Based on an agreement with the government for the next Iranian year [beginning 21 March 2014], no more gasoline will be received from petrochemical plants,” Mr Za...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Groundhog Day In Iraqi Kurdistan: Oil Exports Stall, Again
...rder. Genel Admits Delay Mr Hayward’s remarks contrast with a more optimistic forecast he made in November last year, when he said that full commissioning of the pipeline would be complete by the end of 2013, allowing full exports to start in early 2014. Since early January, only crude oil from th...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Jordan Takes Plunge With Israel Gas Deal
...ich earlier this month secured a 25% stake in the Leviathan consortium, said on 19 February that the Leviathan joint venture expected to start front end and engineering work on the FLNG project some time in 2014. Woodside CEO Peter Coleman told a briefing after announcing annual results that a fi...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Egypt Boosts Gas Offering As Receivables Fall
...ma’il told Bloomberg that the first of several cargos of imported liquefied natural gas (LNG) for 2014 will arrive before the summer, and negotiations over a floating import terminal are in the final stages. LNG imports will continue for a period of up to five years starting in 2015, the minister sa...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Libya: Political Process Still Holds Hope
...the near term, with periodic spikes in violence probable. 2014: Gloomy Outlook For Iocs Mr Howard’s outlook is mirrored by oil companies active in Libya. Italy’s Eni, which has been affected by the disruption of gas supplies from Wafa this month, and saw its crude shut in at El Feel last ye...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Total’s 50-50 ADCO Hopes
...UAE Total’s 50-50 ADCO Hopes French major Total – like the rest of the former participants in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession – faces 2014 without ADCO volumes to report to shareholders. Though production coming onstream elsewhere will li...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Iraq Awakens Sleeping Giant At Hamrin
...ist. Iraq’s oil ministry originally envisaged increasing output from northern fields to 1.3mn b/d by the end of 2014, though given the rate of decline from Kirkuk, where production has fallen below 300,000 b/d from a peak of 1mn b/d, the goal is unlikely to be achieved for several years. An additional co...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Talisman Set To Shed KRG Assets
...st year that it planned to declare commerciality of Kurdamir some time in 2014. The intention to offload Kurdish assets was flagged when Talisman announced $3bn in planned asset sales last year even before the purchase of a 6% stake in the Toronto-listed company by activist investor Carl Icahn (ME...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
MENA Active Drilling Rigs January 2014*
...MENA Active Drilling Rigs January 2014* January 2014 br...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Saudi Arabia Advances Carbon Capture Project
...cilities at two GOSPs with work targeted for completion by April 2016. The Shaybah NGL recovery program, which is associated with the Shaybah AXL Crude Increment Project (MEES, 17 January), is due to be completed at the end of 2014. Market Consequences “The consequences for the market are quite si...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Pakistan Seeks ‘More Time’ For Iran Gas Pipeline Project
...tually-agreed timeframe for the project. Under the terms of the initial deal signed in 2009, 750mn cfd of Iranian gas is to begin flowing to Pakistan by 31 December 2014. Any delay would invoke a $3mn penalty, per day. Iran is yet to give any indication as to whether it will agree to the extension. Pa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014