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Iraqi Capacity Expansion Relative To World Oil Market Trends
...mber of IOCs, Iraq’s production capacity is set to reach a production plateau of over 11mn b/d by the year 2017, mainly from the development of the ‘supergiant’ oilfields of Rumaila and West Qurna-1, together with Zubair; and also from the subsequent (second) round of negotiations for the development of...
Volume: 52Issue: 51/52Published at Mon, 28 Dec 2009 -
Baghdad Round 2 Brings Multi-Million Barrel Production Promise
...adhban gave details of the Ministry of Oil’s 2008 five-year and 10-year plans. These called for oil production of 4.1mn b/d to be reached by 2012 and 6mn b/d by 2017. On exploration, the 10-year plan for 2008-17 includes adding some 40bn barrels of oil and some 70 trillion cu ft of gas to Iraq’s proven oi...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017
...Middle East Economic Survey VOL. LII No 50 14-Dec-2009 LIBYA Libya Delays Plans To Raise Production Capacity To 3Mn B/D Until 2017 Libya has delayed its plans to boost oil production capacity to around 3mn b/d until 2017 because of budget constraints and the market situation, th...
Volume: 52Issue: 50Published at Mon, 14 Dec 2009 -
Iraq’s Technical Service Contracts – A Good Deal For Iraq?
...fer for the West Qurna 1 project (southern half of the West Qurna field) combined a Remuneration Fee per Barrel (RFB) of $1.90/B with a seven-year plateau production rate of 2.325mn b/d to be reached by 2017. Capital and operating costs were set at $25bn each over the life of the TSC (20 years ex...
Volume: 52Issue: 47Published at Mon, 23 Nov 2009 -
The Rush For Oil: Iraq’s Oil Capacity Potential And Regional Geopolitics
...oduction increments would come from the improved production rates in the producing field and the first commercial production in the green fields in 2011 and considerable capacity additions would be achieved by 2013. However, by 2016 and 2017 all fields will be hitting their production plateau target. The th...
Volume: 52Issue: 45Published at Mon, 09 Nov 2009 -
Kuwait Moves Towards Water/Power Privatization Through First IWPP
...lf countries in the process, and its energy and water demand is increasing rapidly. By 2017 the MEW plans to double its power and water capacity, which is currently pegged at almost 13gw of power and 430mn gal/day of water. Saudi Arabia, UAE, Oman, Qatar and Bahrain all have well developed IW...
Volume: 52Issue: 38Published at Mon, 21 Sep 2009 -
Budget Oil Prices Higher In 2010, According To Preliminary Data
...01.7 2166.3 2327.5 2365.9 2233.9 2059.3 2017.4 Qatar 648.2 632.9 568.9 676.0 755.3 765.9 802.9 845.3 842.8 Saudi Arabia* 8,...
Volume: 52Issue: 35Published at Mon, 31 Aug 2009 -
Putin’s Visit To Ankara Signals Partial Shift In Russian Gas Strategy
...e Black Sea. Moscow wants to finish the pipeline before a 1997 agreement over the basing of Russia’s Black Sea fleet in Crimea comes up for renewal before Ukraine’s Rada (parliament) in 2017. The Kremlin wants to have minimal energy vulnerability when it comes to discussing with Kiev the re...
Volume: 52Issue: 34Published at Mon, 24 Aug 2009 -
Debt Swap In Eurobonds Sustained Lebanon’s Sovereign Rating, Moody’s Reports
...tings, said Moody’s Investors Service on 16 March. The exchange, which had a total face value of $2.3bn for longer-dated foreign currency bonds set to mature in 2012 and 2017, is not classified as a ‘distressed exchange’ by the rating agency. Moody’s changed the outlook on Lebanon’s low B3 sovereign ra...
Volume: 52Issue: 12Published at Mon, 23 Mar 2009 -
Delay Pays Dividends For Abu Dhabi’s SAS Development
...layed crude production capacity expansion from around 2.75mn b/d currently to 3.5mn b/d by 2017-18. Spanish firm Tecnicas Reunidas and Athens-based CCC won the $1.3bn Shah and Sahil field development contracts (Package B), while the UK’s Petrofac won the contract for the development of Package A – th...
Volume: 52Issue: 05Published at Mon, 02 Feb 2009