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DNO Plan New KRG Pipeline, Targets 270,000 b/d End-2014 Output
...t to ramp up its exploration and appraisal program in 2014 after achieving yet another production milestone at Tawke. Bijan Mossavar-Rahmani, DNO’s Executive Chairman, said after announcing fourth quarter and provisional full 2013 results that Tawke had established a single day record for de...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
DNO Posts Mediocre ’13
...REGIONAL DNO Posts Mediocre ’13 Whilst work to fully commercialize the company’s 1bn barrel Tawke field in the KRG dominates DNO’s 2014, it also plans exploration wells in Oman and Tunisia this year. In Tunisia, DNO will focus on commercializing existing discoveries in th...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Iraq Hopes Japan Loan Will Help Ease Export Constraints
...5mn b/d, as bad weather and work to clear sunken vessels delayed tanker loadings. Iraq has calculated revenues for its 2014 draft budget on the basis of 3.4mn b/d of oil exports, including 400,000 b/d of Kurdish oil. However, given that current exports are languishing at levels close to January’s 2....
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Iraq Hires Big Law Firm To Thwart KRG Export Plans
...0,000 b/d for the remainder of 2014 given zero so far). The draft budget includes the 17% provision plus an additional $2bn in payments to the KRG as a sweetener, Deputy Prime Minister for Energy Affairs Husain al-Shahristani said in London last week. However, parliament has again postponed voting on th...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
KRG: Upstream Progress
...e block in 2014-15, it said, noting that this high level of activity reflects its views that there is material upside potential in the Taza PSC, where oil was discovered by Taza-1 last year. Oil Search holds a 60% stake in the Taza PSC with France’s Total holding 20% and the KRG 20%. Total fa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Kurdish Oil Heads North But Not Yet To Sea
...G capital Erbil. Repsol has conducted a significant 2D seismic acquisition program which identified a number of drilling targets. Drilling operations began on the Zewe-1 exploration well in November 2013 and drilling in Qala Dze is expected in the early part of 2014, Maersk says. The Danish co...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
KRG Finalizes Marketing For End-January Independent Crude Exports
...0,000 b/d for Kurdish exports in its 2014 budget. The KRG says it plans to begin exports at a rate of 300,000 b/d, rising to 400,000 b/d by end-2014. What does seem clear from all the diplomatic traffic between Erbil and Baghdad, as well as the change in tone by Iraqi officials in recent weeks, is that the fe...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Lebanon LNG Tender
...gasification unit (FSRU). Mr Basil says that the ministry will begin a round of negotiations with five preferred bidders in January 2014 and expects to sign contracts in the third or fourth quarter of 2014. But it remains unclear if the ministry has the proper authority to execute the LNG deal, given its “ca...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
US LNG To Challenge Qatar In Key Asian Markets
...gher than current production levels, by the end of the current Iranian calendar year on 20 March 2014. While this pronouncement is likely without merit, it is worth pointing out that Iran has expansive gas reserves to tap. If a future agreement between the P5+1 countries and Iran relaxes sanctions and Ir...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
KRG Set For Independent Exports Despite Iraq-Turkey Thaw
...at output was heading towards a targeted 200,000 b/d by the end of 2014. DNO Executive Board Chairman Bijan Mossavar-Rahmani says, however, that DNO is awaiting guidance from the KRG as to when exports through the independent export route through Turkey could begin from Tawke, which he said cu...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
DNO Touts 1bn Barrel Tawke: ‘Why Stop At 200,000 B/D’
...es a potential to take production beyond an initially targeted 200,000 b/d by the end of 2014 (from 100,000 b/d now) as it taps into the upper and lower reservoirs of the structure. Announcing third quarter results last week, executive chairman Bijan Mossavar-Rahmani told analysts that the company ha...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Iraq-’Aqaba Crude Export Pipeline Advances
...inching an agreement with ‘Amman on transit fees. The award for the Haditha-’Aqaba portion of the pipeline on a Build-Own-Operate-Transfer (BOOT) basis is expected by the end of 2014. A source familiar with the project says that Iraq’s State Company for Oil Projects (SCOP) has issued a letter to the qu...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Qatargas Inks $7bn UK LNG Deal With Centrica
...QATAR Qatargas Inks $7bn UK LNG Deal With Centrica Qatargas has signed a $7.1bn sales and purchasing agreement (SPA) with UK utility Centrica, to supply up 3mn tons/year of LNG to the Isle of Grain terminal in southeast England. The June 2014-December 2018 deal succeeds a pr...
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
Pakistan Sounds Iran Out For Pipeline Financing
...reement between the two countries, Iran is supposed to begin supplying Pakistan with 750mn cfd of gas from 2014 for a period of 25 years at a price of $13/mn BTU, according to Investment Bank Credit Suisse. This takes into account all transportation costs. In a meeting with his Iranian co...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Qatar, E.ON Ink LNG SPA
...troleum (QP) and 30% by Shell – will supply Gasunie and Vopak’s Gate LNG terminal in Rotterdam from January 2014. The deal is flexible and will allow Qatargas to divert its supply to other customers. Prices will be based on those of continental Europe in what is Qatargas’ first break with oil in...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Jordan Receives 51 Applications For ‘Amman Products Terminal
...JORDAN Jordan Receives 51 Applications For ‘Amman Products Terminal Jordan’s Ministry of Energy and Mineral Resources has announced that 51 companies and consortia have applied for prequalification to build a strategic products reserves terminal near ‘Amman during 2014-15. Mo...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
IOCs Hold Steady Despite Yemen’s Political Crisis
...ose, following six months of consultations over the signing of a new constitution and the forthcoming elections in 2014. Organizers have decided to extend the process by another two weeks however, to allow participants more time to debate a number of as yet unresolved issues – primarily that of...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Qatargas Signs Flexible UK LNG Deal With Malaysian State Firm Petronas
...s shift from Europe and the US, where demand is falling, to the Asia-Pacific market. Under the terms of the deal, Qatargas-4 – a joint venture, 70% controlled by Qatar Petroleum (QP) and 30% Shell – will supply Petronas’ Dragon LNG Terminal in Wales from January 2014; however, the deal is fl...
Volume: 56Issue: 39Published at Fri, 27 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 -
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