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Turkey Orders Turbines
...tsubishi Electric. The plant is scheduled to go onstream in 2015. Meanwhile, Abu Dhabi’s TAQA has deferred to 2014 a decision on the development of up to 7GW of coal-fired power capacity and associated mines in the Afsin-Elbistan region with Turkey’s Electricity Generation Company (EÜAŞ). The fi...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
OPEC, IEA Say Oil Market ‘Well Supplied’ Despite Ongoing Disruptions
...ice of oil. 2014 Call Edges Down With the supply disruptions hitting a number of OPEC’s key members over the past quarter, the MOMR puts total August output for the producer group at 30.23mn b/d based on secondary sources, down around 124,000 b/d on its July estimate of 30...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
BG Takes Further Egypt Hit; BP Upbeat On Drilling Success
...EGYPT BG Takes Further Egypt Hit; BP Upbeat On Drilling Success UK mini-major BG has again downgraded its production forecasts on the back of Egyptian delays, having made a previous major downgrade only seven months ago (MEES, 14 February). For 2014, BG an...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Lebanon Bid Round: More Delays Likely
...agreement among Lebanon’s factions to form a new government – empowered to sign the oil and gas decrees – the licensing round will likely be pushed well into 2014. ...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
India Turns To Iranian Oil For Economic Relief
...an). In a letter to the Indian Prime Minister Manmohan Singh earlier this month, India’s Minister of Oil Veerappa Moily suggested the country could save up to $8.5bn in foreign exchange over the current April 2013-March 2014 fiscal year if it increases its reliance on Iranian oil, for which it is able to...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Jordan Seeks Products Terminal Bidders
...JORDAN Jordan Seeks Products Terminal Bidders Jordan’s Ministry of Energy and Mineral Resources has invited contractors to prequalify to build a strategic petroleum reserves terminal near ‘Amman during 2014-15. The ministry said the terminal will have capacity to store 25...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Sadara/Solvay Start Work On Hydrogen Peroxide Unit
...erator Location Start-Up Capacity Sipchem Jubail 2013 200,000 t/y EVA and LDPE PCC Jubail 2014...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Renewables Progress ‘Hangs In The Balance’, Despite Better Economics
...0GW by 2020 - Palestine 44MW by 2020 45MW by 2020 20MW by 2020 21MW by 2020 Qatar - 1.8GW by 2014...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Libya And Iraq: The Weakest Links In World Oil Markets
...edict that at most about 150,000 b/d of new field additions will come online by the end of this year, with the risk that Majnoon also slips into 2014. Maintenance Exposes Infrastructure Failings Of course, a discussion of Iraq must include a mention of its infrastructure – the key co...
Volume: 56Issue: 36Published at Fri, 06 Sep 2013 -
Iraq Shake-Up: CNPC Enters West Qurna-1; Shell Slammed Over Majnoon
...ly and the 40,000-60,000 b/d first phase of Gazprom’s Badra oilfield now postponed to early 2014. The West Qurna-2 development led by Russian Lukoil is due to start up at the end of the year at an initial rate of 100,000 b/d, but MEES soundings suggest the timetable may slip to early next year be...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iran Gas Supply Deal Back On For Gas-Hungry Oman
...oduction from which, Iran says, could begin as early as March 2014 – although MEES views this timetable as rather unrealistic (MEES, 24 May). “We had a number of issues in the past about putting up a pipeline, but both countries are still very keen to see that project [be implemented],” Mr Rumhy sa...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Iran Dusts Off Refineries Plan As Zanganeh Takes Charge
...rs gas field. State news agency IRNA says the first of the project’s three 120,000 b/d condensate splitters is two-thirds complete and scheduled to start up in 2014 (MEES, 15 March). NIORDC boss Alireza Zeighami says Tehran authorized the company to spend up to $5bn to speed up construction of...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Saudi Arabia Stems Domestic Oil Demand Growth
...of the offshore 1.3bn cfd Hasbah and 1.2bn cfd Arabiyah non-associated fields in 2014 to feed the Wasit gas plant, currently under construction. Ordinary supply of 2.5bn cfd will produce 1.75bn cfd of sales gas and can be augmented to 3.05bn cfd in peak summer demand months, Saudi Aramco revealed. Al...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Orpic Tenders Liwa FEED As Oman Joins Middle East Plastics Boom
...increased propylene supply. Deliveries will be raised by 30,000 t/y to 80,000 t/y beginning 1 January 2014 as APC hikes PP output. 2013 Additions To Middle East Petrochemicals Projects Pipeline Operator(s) Location Start-Up...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Wind Power Dominates Near-Term MENA Renewables Projects Mix
...entified six potential sites for new wind farms in the Gulf of Suez area. It has invited companies to prequalify to develop 100MW projects. France’s GDF Suez is currently building Africa’s largest wind project, the 300MW Tarfaya wind farm in Morocco. This is due online at the end of 2014. Meanwhile, in Tu...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Uncertain Fundamentals Threaten To Ambush Projections
...OPEC Uncertain Fundamentals Threaten To Ambush Projections OPEC ministers will have to contend with a series of challenges when they meet in December as they contemplate the impact of soaring US-led non-OPEC oil production and an anticipated slump in demand for OPEC oil in 2014...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
SEC Head Resigns, Replacement To Come From Aramco
...ecutive of the state utility in October 2006, will step down from his post officially on 1 January 2014. SEC has already lined up his successor – Ziad bin Muhammad al-Shiha, currently Executive Director for Power Systems at state oil firm Saudi Aramco. Mr Barrak instigated a major expansion of ge...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Rohani Promises Iranians Better Days Ahead
...ES, 9 August). Iran’s real GDP fell 1.9% in 2012 and is projected to fall by a further 1.3% in 2013, before rising 1.1% in 2014, according to the IMF’s World Economic Outlook. Iranian Vice-President Ishaq Jahangiri has warned that about one-third of the Iranian budget for fiscal year ending on 20...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Bahrain GDP To Hit 5.6%
...l production from Abu Sa’fa due to maintenance. The non-hydrocarbon sector is expected to rise by 4.4% in 2013. For 2014 real GDP is projected to grow by 4.0%. Due to its modest hydrocarbons endowments, Bahrain had managed to diversify its economy between 2000 and 2012, according to the Ye...
Volume: 56Issue: 34Published at Fri, 23 Aug 2013 -
Former Algerian Minister Latest Casualty In Widening Oil Corruption Scandal
...ans and repairs to the Skikda LNG plant damaged by an explosion in 2004 have been delayed while a new plant being built at Gassi Touil is behind schedule. Other projects on the backburner, include the Galsi pipeline project to Italy, which was due to be operational in 2014 but is now on hold du...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013