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Egypt Powers Ahead With Electricity Expansion
...ll cost €100mn ($110mn) to build and is scheduled for start-up in 2017. Edison, like all foreign oil and gas producers in Egypt, has suffered delayed payments in recent years. But the company says recent normalization of payments by EGAS has persuaded it to start building a third production pl...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Iran Plans March Azar Start-Up
...anian year (20 March 2016-20 March 2017), senior reservoir engineer Keyvan Yarahmadi says. The field is thought to be a continuation of Iraq’s 3bn barrel Badra field which is operated by Russia’s Gazprom Neft. Current Badra output is 27,000-28,000 b/d, up from 15,000 b/d last year - though this is so...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Shell And BP Step Back From ADCO
...velopment of Adco’s cluster of 15 principal oil fields, which are expected to produce 1.8mn b/d by 2017. Earlier reports had suggested that Shell and BP were trying to negotiate better terms with Adnoc, but Mr Dudley’s remarks suggest that the state-owned UAE oil company was not in the mood to ba...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Sadara To Supply Juffali Plant With MDI
...ongside the Sadara petrochemicals complex. Juffali plans to start up a new plant in PlasChem in the first half of 2017. Sadara says the new Juffali facility will consist of several manufacturing plants producing specialty chemicals for use within the kingdom. Some units will be fed directly by Sadara, ot...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Israel Closes $1bn Solar Financing
...e 121MW CSP project last year (MEES, 18 July 2014). Megalim laid the cornerstone for the 121MW project in June, with a view to connecting to the Israeli grid in 2017. The partners expect the plant to deliver 320GWh of electricity to the grid annually. The plant will comprise a 240m high solar to...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Jordan Taps Bumper Aid; IMF Praises Energy Policy
...riff increases scheduled for early 2016 and 2017. In the future there might be scope for revisiting the substantial cross-subsidization of the planned tariff structure… We also stand ready to reinstate the full tariff increase of early 2015 should the oil price go above $70/B for a period longer than tw...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Kuwait, Saudi Spat Over Neutral Zone Heats Up
...olation of the bilateral agreement, he adds. He also says that work to cut emissions had begun in 2011 and was due to be completed in 2017. Mr ‘Umair says in the letter that the Kuwaiti side had suggested to the Saudis that production resume at Khafji at a reduced rate of 100,000 b/d, but that the Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
OPEC Holds Ground After Russia Talks
...forts were being made to reduce capex further and should decrease to less than $20bn a year starting in 2017. ...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Another Summer Of Discontent For Iraq’s Basra Amid Power Shortages
...VELOPMENT ON HOLD The cash-strapped government in Baghdad has had to divert funds to the battle against IS and try to cut costs by scrapping some vital projects, which has frozen investment in new oil and gas capacity for this year and possibly up until 2017 (MEES, 17 July). The loss of territory ha...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Dubai Announces Financial Close For 200MW Solar Unit
...lar photovoltaic (PV) plant is being developed as an independent power producer (IPP) project by Saudi Arabia’s ACWA Power and Spain’s TSK, with start-up expected by April 2017 (MEES, 30 January). DEWA chief executive Sa’id al-Tayir says the solar park is “one of the largest renewable energy pr...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Nuclear Deal Breathes New Life In To Iran-Pakistan Gas Pipeline Project
...2017 Though the Iranian segment of the line has been complete for close to two years, work on the 800km Pakistani side came to a standstill soon after it began back in March 2013, with Pakistan citing both financial and political constraints. The threat of sanctions from the US for its in...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Partex Sees Adco Opportunity As BP, Shell Shun Terms
...d US players. Adnoc retains a 60% controlling stake in the restructured Adco, which manages 15 onshore fields that are currently producing 1.6mn b/d and are due to rise to 1.8mn b/d by 2017. TOTAL IN; EXXON OUT; BP, SHELL PLAY HARDBALL But ExxonMobil was apparently not impressed with th...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Egypt Petchems Plans Continue To Expand As Tahrir Gets Styrene Plant
...exandria } 1,020 460,000 t/y 45mn cfd ethane Ethydco Polyethylene (2015) Alexandria 400,000 t/y 460,000 t/y ethylene E-Styrenics Styrene (2017...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Egypt Lines Up Further Gas-Fired Capacity, Readies Renewables Tender
...18) 1.95 Gas Beni Suef (2017-20)^ 4.80 Gas Burullus (2017-20)^ 4.80 Gas New Capital City (2017-20)^ 4....
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Jordan Enjoys Cheap LNG Prices, But For How Long?
...ne). Vitol’s cargo is scheduled to arrive in mid-August and should be followed by more deliveries: Nepco has expressed an interest in an extra short-term deal of 18 cargoes per year for 2016 and 2017. Golar Eskimo, Jordan’s first LNG import facility, will be moored at Aqaba for 10 years under a de...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Algeria Pushes New Refineries Beyond 2020, Fuel Deficit To Worsen
...spectively (see table). Biskra and Tiaret were part of an earlier four-refinery plan, with both initially due for 2017 start-up, to be followed by similarly sized projects at Ghardaia and Hassi Messaoud. Sonatrach started civil works at Biskra in 2012 and officially launched the project in 2013, saying it wo...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Oman Turns To Sun For EOR And Rural Electricity
...heme at Amal field in 2010, producing 50 m3/d of steam. This 7MW plant will continue operating once the full-scale development is completed. The project will break ground this year, with start-up of the first glasshouse module due in 2017. The finished plant will comprise 36 glasshouses, which will be...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
KRG Helping Hand To Kirkuk Province Threatens To Widen Rift With Baghdad
...tback value of $50-54/B for exports from Ceyhan, based on the same Brent price but minus a $5/B quality discount, $6/B pipeline, throughput and trucking costs to Fishkabur. GKP says it has brought down the per barrel production cost at Shaikan to $5/B in 2015 from $7/B in 2017. Its total gross in...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Kuwait Posts First Deficit In 15 Years
...oner than the 2017-21 timeframe that many international organizations had predicted. “The state treasury faces many challenges, the most important of which is the rise in current expenditure,” he says. As this becomes a permanent feature in the budget, it piles pressure on state’s finances and be...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Egypt Hopes To Attract IOCs To Its Western Mediterranean Waters
...yptian gas is set to remain on a downward trajectory until late 2017 when the BP/Dea $12bn West Nile Delta (WND) project is set to start up (MEES, 27 March). Output is slated to ramp up to 1.2bn cfd by 2018, the equivalent of more than a quarter of current output. Egypt is looking to plug the gap be...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015