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Egypt Starts Payments
...oducer suggests that the finance ministry has been the quickest to respond to Mr Biblawi’s announcement. Once the initial $1.5bn has been distributed, a further $3bn will be handed to IOCs in monthly instalments by 2017, the government says. Outstanding receivables are not the only factor deterring fo...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Oman, BP Sign Final Khazzan Tight Gas Deal
...ticipated for late 2017, BP says. Under the terms of the deal, production will ramp up to plateau in 2018. BP, following the declaration of commerciality, retains 60% of the project, whilst state-owned Oman Oil Company (OOC) takes 40%. “The sanction of the Khazzan project follows an extensive and ri...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Noble Energy Outlines Its Levant Gas Export Options
...sed company holds a 30% stake in the field, which contains about half of its regional reserves. First gas is scheduled for 2017. Export Plans The first Noble gas processing plant to cater for Leviathan will be an 800mn cfd facility that will ensure supply to the Israeli domestic market. But ad...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Qatar Awards Al-Sejeel FEED, Part Of 7mn T/Y Petchems Expansion
...ilt at Ras Laffan and due for 2017 start-up. The plant will have capacity to produce 1.5mn t/y of monoethylene glycol (MEG), 300,000 t/y of linear alpha olefins and 250,000 t/y of oxo-alcohols. QP and Shell awarded the Al-Karaana FEED project to US firm Fluor. It will utilize Shell’s proprietary MEG pr...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Algeria Awards $4Bn EPC Contracts For Six CCGT Plants
...ief Noureddine Boutarfa said the plants are required to begin operating in open-cycle mode in 2015 and to be completed for combined-cycle operation in 2017. Of the winning bids, only Samsung’s Mostaganem offer was the lowest in terms of price per kilowatt-hour (MEES, 2 August). Capacity Push Th...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Kuwait Plans Big Downstream Strides, But Takes Small Steps
...velopment of a 200,000 b/d joint venture refinery in Vietnam, which is due onstream in 2017 (MEES, 2 August), and is assessing a number of similar prospects across Southeast Asia. Kuwaiti officials have held talks with China about a planned joint refinery, but negotiations have reached a standstill. Ho...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
DEWA Plans $1.9Bn 2014 Projects Spend, Eyes Coal And Solar
...pected to be operational in 2017 (MEES, 25 October). More controversially, given growing environmental concerns in the region, Dubai has switched the fuel for its planned Hassyan independent power producer (IPP) project away from gas. Instead it plans to build a 1.2GW coal-fired plant, with the first of tw...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
OPEC Gets Through The Year But Oversupply Threat Looms
...om 2017-2020 but of course it is not that big a quantity…. we don’t say we are not concerned...but when you see the decline rate [of shale] and see the markets sometimes where they have a shortage here and there. To me we welcome it and also we can accommodate it,” Mr Badri said. Relaxed On Iran, Ir...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Iraq Pencils In 3.4Mn B/D 2014 Exports But Lowers Output Targets
...ter injection to compensate for the pressure drop,” he says. The success of the seawater project is a main factor in determining whether the contracts will be extended beyond 2020 for Majnoon and beyond 2017 for Rumaila, he adds. Water Project To Be Ready In 2018 But the minister denies that th...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
UAE Says 3.5Mn B/D Capacity Target On Schedule
...UAE UAE Says 3.5Mn B/D Capacity Target On Schedule The UAE is sticking to its 3.5mn b/d 2017 capacity expansion target. It says stalled renewal of the ADCO concession that makes up close to half of current 3mn b/d capacity will not delay its ramp-up plans. UAE En...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Umm Lulu Moves Forward
...RB) and Nasr fields. ADMA-OPCO’s plans are key to hitting the Emirate’s 3.5mn b/d 2017 production target. Yet ADNOC’s target production has slipped to 2019-20 thanks, in large part, to delays at key offshore fields such as Upper Zakum (MEES, 21 June). Three-quarters of ADMA-OPCO’s production wi...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
QNB Optimistic On Qatar’s LNG Future
...troleum Exploration Company (Kufpec) – the overseas, upstream arm of Kuwait Petroleum Corporation (KPC) – has a 7% stake in the $29bn, 8.9mn t/y Chevron-led Wheatstone LNG project, set to come online in 2017 and later ramp up to 15mn t/y. QNB makes no mention of East Africa, where up to 80mn t/y – sl...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Sonatrach To Replace Skikda Plastics Complex
...trochemicals project would face competition for state funding from other downstream plans. Sonatrach recently started building a new refinery at Biskra, the first of four 100,000 b/d plants due onstream in 2017. The company has proposed building a petrochemicals plant alongside the Biskra refinery, which Mr Yo...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
SEC Awards Revised Rabigh-2 IPP Project
...nounced on 2 December that it had become the engineering, procurement and construction (EPC) contractor for Rabigh-2. The company valued the EPC contract at $1.2bn and said the 2.1GW combined-cycle gas turbine (CCGT) plant is expected to begin commercial operations in 2017. IPP Progress SEC’s IPP pr...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Alstom, Bemco Target Region With Saudi Generators Plant
...r 2017....
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
US LNG To Challenge Qatar In Key Asian Markets
...A). This could mean additional competition for sales to Qatar’s key Asian customers Japan, China and India, as well as Europe from 2017, when Freeport hopes to begin exports. Of LNG importers only South Korea and Singapore currently have FTAs with the US. Freeport will be able to export a total of 1....
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Oman Takes Its Place In Gulf Refining Expansion
...gineering and design (FEED) for a $6bn, 230,000 b/d refinery at Duqm. DRPIC has received both technical and commercial bids for the FEED, expected to take 14 months. Delays in awarding the design work are expected to push the refinery’s target start-up date back from 2017 to 2018. Once completed, DRPIC ai...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Hydrocarbons Remain Key To MENA Power Expansion
...nagement contract for PP13 and PP14 to Australia’s WorleyParsons. SEC plans to award engineering, procurement and construction (EPC) contracts for the plants in 2014 with a view to 2017 start-up (MEES, 3 May). In September, Korea’s Hyundai awarded France’s Alstom a €170mn contract for four 720MW steam tu...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Egypt’s Gas Crunch: Is A Quick Fix Possible?
...me online in late 2017 at the earliest following repeated delays. “The new oil minister is trying to stimulate investment and [gas] supply, particularly from the Mediterranean. They have some deepwater and shallow water discoveries, [but] it’s pretty much stranded at the moment because of the gas pr...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
China Consolidates Its Position In The Iraqi Oil Sector
...conclusive. CNPC’s third success is Halfaya, where it is the operator with a 37.5% interest along with Total and Petronas (18.75% each). The field, with proven reserves of 4.94bn barrels, is expected to reach a plateau of 535,000 b/d in 2017 sustainable for 13 years. First phase development to a capacity of 10...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013