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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 -
DEWA’s Ratings Constrained By Debt, Helped By Central Role In Dubai
...an, which involves addressing a $2.2bn loan maturity by April next year, he explained. DEWA continues to execute an ambitious investment plan which is expected to add 15.5gw of additional generation capacity by 2017. Its rating is also a function of the close ties – operationally, strategically an...
Volume: 51Issue: 49Published at Mon, 08 Dec 2008 -
OMV Starts Nabucco Gas Supply Talks With Shah Deniz Consortium
...rameters of their cooperation. A draft of the agreement has been circulated in recent weeks. The Nabucco partners envisage first phase capacity of 8-12 bcm/year to start up in 2013, with completion of a second phase by 2015 and a third phase in 2017-18. Mr Auli said that, while Nabucco’s proposed fi...
Volume: 51Issue: 47Published at Mon, 24 Nov 2008 -
Syrian Parliament Ratifies Extension Agreements With Shell And Total
...tal, which were approved by the Syrian Council of Ministers on 5 August and signed on 3 September (MEES, 8 September). The extension with Shell covers agreements which are due to expire during the period 25 December 2008 to 31 December 2017, while that with Total extends the existing license for 10 ye...
Volume: 51Issue: 47Published at Mon, 24 Nov 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 -
Azeri Energy Minister Announces Readiness To Join Nabucco Project
...bucco – one branch of a gas pipeline which will give us the opportunity to deliver gas from the Caspian region to Europe.” Mr Aliyev also noted that Azerbaijan estimated that its future gas production would reach 32 bcm/year by 2014 and 40 bcm/y by 2017. This was the first time the Azeris have su...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Jordan Seeks Development Of Iraqi Gas Fields
...raise the supply of gas to Jordan via the Arab Gas Pipeline (AGP) to about 1bn cu ms/year (bcm/y) from the previous 700mn cu ms/year (MEES, 14 April), but that this was not sufficient because Jordan needs 1.5 bcm/y for industrial use alone until 2017. He added Egypt is unable to supply this ad...
Volume: 51Issue: 35Published at Mon, 01 Sep 2008 -
UAE Needs To Spend Over $10Bn To Meet Rising Power Demand, Says BMI
...id BMI. In response to escalating demands, the UAE government announced plans to expand its 10gw production capacity by more than 50% by 2017....
Volume: 51Issue: 32Published at Mon, 11 Aug 2008 -
CERA Sees Worldwide Oilfield Decline Rates Lower Than Consensus At 4.5%
...is new analysis provides the basis for more confidence about the future availability of oil.” He added that annual field decline rates were not increasing with time, and with anticipated new developments, “liquids capacity of around 91mn b/d in 2007 could climb to 112mn b/d by 2017. This outlook is...
Volume: 51Issue: 04Published at Mon, 28 Jan 2008