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Baghdad Round 2 Brings Multi-Million Barrel Production Promise
...adhban gave details of the Ministry of Oil’s 2008 five-year and 10-year plans. These called for oil production of 4.1mn b/d to be reached by 2012 and 6mn b/d by 2017. On exploration, the 10-year plan for 2008-17 includes adding some 40bn barrels of oil and some 70 trillion cu ft of gas to Iraq’s proven oi...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Budget Oil Prices Higher In 2010, According To Preliminary Data
...01.7 2166.3 2327.5 2365.9 2233.9 2059.3 2017.4 Qatar 648.2 632.9 568.9 676.0 755.3 765.9 802.9 845.3 842.8 Saudi Arabia* 8,...
Volume: 52Issue: 35Published at Mon, 31 Aug 2009 -
Putin’s Visit To Ankara Signals Partial Shift In Russian Gas Strategy
...e Black Sea. Moscow wants to finish the pipeline before a 1997 agreement over the basing of Russia’s Black Sea fleet in Crimea comes up for renewal before Ukraine’s Rada (parliament) in 2017. The Kremlin wants to have minimal energy vulnerability when it comes to discussing with Kiev the re...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Delay Pays Dividends For Abu Dhabi’s SAS Development
...layed crude production capacity expansion from around 2.75mn b/d currently to 3.5mn b/d by 2017-18. Spanish firm Tecnicas Reunidas and Athens-based CCC won the $1.3bn Shah and Sahil field development contracts (Package B), while the UK’s Petrofac won the contract for the development of Package A – th...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009 -
Algeria’s Bid Round Disappoints, Economic Crisis And Tougher Terms To Blame
...mestic gas consumption to rise from an estimated 27.4 bcm this year to between 49.6 bcm and 67.1 bcm in 2017, according to different scenarios. Alnaft Chairman Sid 'Ali Betata was quoted by Algeria’s official daily El Moudjahid as saying that the 12 unawarded permits would be reoffered in 2009, in...
Volume: 51Issue: 51Published at Mon, 22 Dec 2008 -
Syria Signs 10-Year PSC Extension Agreements With Shell And Total
...cember 2008 and 31 December 2017. AFPC’s crude production peaked at 400,000 b/d in 1994, but has since fallen to 180,000 b/d in 2005 and around 140,000 b/d in 2007. Output from AFPC in the first quarter of the year was estimated at 120,000 b/d, according to Mr 'Alaw (MEES, 14 April). Total And Sy...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Demand Growth Has Changed Radically, Says Fesharaki
...ar before October 2006. However, if prices go much higher, price controls are likely to be reimposed. China can be a potential exporter or importer on a very small scale, depending on her demand growth. India is planning to add nearly 1.8mn b/d of capacity between 2007 and 2017. In co...
Volume: 50Issue: 18Published at Mon, 30 Apr 2007