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Algeria Details Power Generation Capacity Expansion Plans
...nsumption peaking at 9.78gw on 2 August. Outages sparked violent protests in various parts of the country. Sonelgaz estimates that double-digit demand growth seen in recent years will continue and expects 12.3% a year growth in peak summer demand between now and 2017 (see chart). Domestic demand ac...
Volume: 55Issue: 36Published at Mon, 03 Sep 2012 -
Cyprus Tenders To Import Natural Gas For Domestic Power
...cility to start receiving shipments of natural gas, but gas from the Aphrodite field is not expected to become available until 2017. DEFA is the authority responsible for the import and distribution of natural gas in Cyprus. MEES understands that Cyprus intends to begin discussing with Israel in...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Baghdad Looks To Expand Kirkuk Field
...oduction ('000 B/D) Field Current Planned 2017 Kirkuk 270 570 Bai Hasan 195 240 Ja...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Melrose Agree Merger
...gust closing price. Petroceltic had a market capitalisation of £185mn at the 16 August close. Petroceltic has highly promising undeveloped assets but no plans for production (and thus revenue) before 2017 (MEES, 6 August). This makes the revenue stream provided by Melrose’s oil and gas pr...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Abu Dhabi Moves Ahead With Nuclear Program
...E Abu Dhabi Moves Ahead With Nuclear Program The UAE’s nuclear operator, Emirates Nuclear Energy Corporation (ENEC), has awarded six contracts worth a total of about $3bn to a group of international nuclear fuel suppliers. The first of the four nuclear power plants to start up will be Barakah in 2017...
Volume: 55Issue: 34Published at Mon, 20 Aug 2012 -
Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up
...GERIA Petroceltic And Sonatrach Agree To Develop 'Ain Tsila For 2017 Start-Up Petroceltic’s 'Ain Tsila gas field on the Isarene permit in Algeria’s prolific Illizi Basin is set to move to development with the company, its Italian partner Enel and Algerian state firm Sonatrach having finalized de...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Management Appointed For Oman’s Duqm Refinery/Petchems Project
...ned Oman News Agency reported on 7 August. Phase 1 – the refinery – is scheduled for start up in 2017, followed by Phase 2 – a petrochemicals plant, which is still being studied. ...
Volume: 55Issue: 33Published at Mon, 13 Aug 2012 -
Oman Starts Reducing Gas Subsidies
...id. “There is a realization in the gas sector that gas prices of seven, eight, nine years ago are no longer valid.” BP aims to produce 1bn cfd of gas and 20,000 b/d of condensate by end-2016/early 2017 from its $15bn Khazzan/Makarem tight gas project (MEES 16 April). It will take a final in...
Volume: 55Issue: 30Published at Mon, 23 Jul 2012 -
Apache Takes Long Term View On Egypt
...GA adds in its detailed review of the OPIC/Apache application. The latest reinsurance comes on top of $3mn Apache raised through an April bond placement. Of this $400mn (at 1.75%) is due in 2017, $1.1bn (at 3.25%) in 2022 and $1.5bn (at 4.75%) in 2043. The bulk of funds will be used for “general co...
Volume: 55Issue: 29Published at Mon, 16 Jul 2012 -
OOC And IPIC To Launch Duqm Refinery Joint Venture
...termined to put all necessary efforts to see the project is successfully commissioned in 2017,” IPIC Managing Director Khadim 'Abd Allah al-Qubaisi said. Both OOC and IPIC have said they expect to prequalify engineering firms for the project by end-2012. The complex was initially intended for a 20...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
Abu Dhabi Raises Crude Production Capacity Target
...stainable output. State-owned Abu Dhabi National Oil Company (ADNOC) – which provides the bulk of the nation’s output – uses a more conservative definition of annual average output. It had previously stated its target as 3.5mn b/d production capacity by 2017. Most of Abu Dhabi’s producing oil fi...
Volume: 55Issue: 27Published at Mon, 02 Jul 2012 -
IMF Says Kuwait’s 2012 Economic Outlook Positive Despite Political Instability
...nsultation in May, the IMF sounded an alarm bell when it noted “that government expenditure will exhaust all oil revenues by 2017” and warned that fiscal consolidation is needed in the medium term if current trends continue (MEES, 21 May). But economists played down this scenario because Kuwait has adequate re...
Volume: 55Issue: 26Published at Mon, 25 Jun 2012 -
Jordan And Enefit Initial Deal For First Shale Oil Power Plant
...cilities. The agreement covers the production of 38,000 b/d of shale oil and the generation of up to 900mw of electricity from a shale oil fired plant. First oil was originally projected for 2017, but a report last month said that shale oil from 'Attarat could come as early as this September (MEES, 14 May). Th...
Volume: 55Issue: 24Published at Mon, 11 Jun 2012 -
DEPA Sees Role For Israel/Cyprus Gas Exports In EU Southern Corridor Plan
...alian supply route, ITGI’s competitors will not be able to secure the necessary environmental and third party access exemption permits in time to meet the final selection deadline of June 2013, or the timetable set for the construction and commissioning of the pipeline by 2017-18. Mr Sachinis also said th...
Volume: 55Issue: 23Published at Mon, 04 Jun 2012 -
IMF Joins Chorus Calling Kuwait’s Spending Unsustainable
...WAIT IMF Joins Chorus Calling Kuwait’s Spending Unsustainable The IMF has joined other critics of Kuwaiti government policy in suggesting the country’s spending is unsustainable. In its Article IV consultation it estimates “that government expenditure will exhaust all oil revenues by 2017” and fi...
Volume: 55Issue: 21Published at Mon, 21 May 2012 -
IEA Warns Iraq Oil Failure Would Be ‘Very Bad News’ For Markets
...e wider energy industry it is Iraq’s final production level and its timing that is paramount. Iraq’s upstream bidding round contracts stipulate production plateaus that would give the country in excess of 12mn b/d by 2017, or 13mn b/d if the Kurdish region is included. But these targets are in...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Sudan To Hike Heglig Production, South Willing To Return To Talks
...ld a panel of top experts and officials involved in the structuring of Sudan’s mooted five-year political and economic plan to 2017. Following last week’s calls from the international community to put an end to the fighting and return to the negotiating table, South Sudan has made the first mo...
Volume: 55Issue: 20Published at Mon, 14 May 2012 -
Kuwait Gives Optimistic Start-Up Dates For Asia-Pacific Refineries
...KUWAIT Kuwait Gives Optimistic Start-Up Dates For Asia-Pacific Refineries Kuwait’s joint venture refinery-petrochemical plants in China and Indonesia will start-up in 2015 and 2017 respectively, state-owned Kuwait Petroleum International (KPI) chief Husain Isma'il said on 10 April. An...
Volume: 55Issue: 16Published at Mon, 16 Apr 2012 -
Lebanon’s $950Mn Eurobond Oversubscribed
...Lebanon Lebanon’s $950Mn Eurobond Oversubscribed The Lebanese Ministry of Finance last week put together a $950mn Eurobond issue, consisting of two tranches – $600mn maturing on 12 October 2017 with a yield of 5% and $350mn maturing on 27 April 2026 with a yield of 6.4%. The issue, wh...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012 -
Development Of Joint Tunisian-Libyan Discovery On Hold
...quids). Sonde says the field could produce “tens of thousands of boe per day by 2017-18”. In addition Sonde says that four further prospects on the block indicate a potential total of 1.4bn barrels and 5 trillion cu ft respectively of oil and gas in place. Sonde, which operates the JO block, has ha...
Volume: 55Issue: 15Published at Mon, 09 Apr 2012