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Algeria Refining And Petchems: Ambitious Vision, Feedstock A Big Concern
...nder for the new refineries at Biskra and Tiaret with a view to a 2017 start-up. However, Sonatrach has yet to award front-end engineering and design (FEED) and project management consultancy contracts for either. Meanwhile, Sonatrach planning director Lamine Ouis told last week’s North African Oil an...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Oman Advances Downstream Projects
...pelines and terminal are expected to be operational in the first half of 2017. The MSPP will carry up to 93,000 b/d of products between Orpic’s Mina al-Fahal refinery near Muscat, the Sohar refinery, a storage terminal at Jifnain and Muscat International Airport. The system will include 290km of re...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
MENA Coal Plans Supported By ‘Unrealistically Low’ Electricity Prices
...ty Utico/Shanghai Elec. 0.27 2016 1.28 Morocco Jerada Sepco III 0.32 2017 1.51 Tu...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
OPEC’S Choice: Low Prices Now, Or Low Prices & Low Output Later-Naimi
...mmodities Research said on 15 December that a move below $60/B is not sustainable in the long run “as it would place considerable strain on the cost curve of the unconventional supply system required to meet demand requirements in 2016 and 2017.” Its analysts expect Brent to average $67/B in the first half of...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Abu Dhabi Advances Upstream Projects Despite Mounting Cost Pressure
...8mn b/d target. Meanwhile, the Zakum Development Company (Zadco) is moving forward with plans to boost production at the offshore Upper Zakum field by some 200,000 b/d to 750,000 b/d by 2017. Adnoc holds a 68% stake in Zadco, while ExxonMobil and Japan Oil Development Company (Jodco) hold 28% and 12%, re...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
Repsol To Boost Algeria, KRG Presence With Talisman Purchase
...wnstream operations in Oman, Egypt, Algeria and Morocco. Looking ahead, Repsol says that its 29.25% stake in the Reggane Nord project in Algeria, which will see first gas in 2017, will net the firm about 14,000 boe/d as it looks to expand its global footprint. Repsol has just two exploration blocks in Ir...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
GCC Ratings Under Pressure From Oil Price Slide
...st $80/B in 2015-17, compared with a slow decline to $95/B in 2017 in the firm’s previous forecast. In a report issued on 1 July S&P noted that key Gulf producers would find themselves in a complicated fiscal position if oil prices turned south – which indeed they did, just weeks after S&P pu...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Turkey Advances First Nuclear Plant, Eyes New 4.4GW Project
...actor in 2017. Japan’s Mitsubishi Heavy Industries (MHI) and Itochu Corporation and France’s GDF Suez and Areva were awarded a contract last year to build four 1.1GW nuclear plants at Sinop, with the first scheduled for start-up in 2023 (MEES, 10 May 2013). Long-Term Needs Turkey’s 9.2GW of ap...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Turkey Bags More CCGT Funding, Russia Pledges Gas
...the plant in 2017 (MEES, 7 November). EBRD says it will provide a loan of $250mn, comprising $200mn from its own account and $50mn syndicated to Banque Saudi Fransi. The latter is also providing parallel financing of $100mn under a murabaha Islamic financial instrument, says EBRD. The Wo...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Iraq Hikes 2015 Export Projections, Includes Kirkuk, KRG Oil
...2009 and 2010 for further development or development of major oil fields in the south with initial plans to raise production capacity to over 13mn b/d by 2017. It has since lowered its target to around 9mn b/d and has negotiated lower plateau production targets with nearly all the major op...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Dubai Solar Shortlist
...en completed in 2030. Phase-2 is slated for 2017 start-up. Phase-1, a 13MW capacity solar PV plant was connected to the Dubai grid in October 2013. Dubai aims to generate 5% of its electricity from solar plants by 2030, although gas will still be the main provider with 71%. While DEWA is keen to...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Qatar Looks Resilient To Lower Oil Prices
...ile lower oil prices will sooner or later feed through into lower LNG revenue, Qatar, with its already established infrastructure, is in a much stronger position than the nascent competition. Australia is set to overtake Qatar as the world’s number one LNG producer by 2017 on their way to pr...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
Jordan Moves Toward Austerity In 2015
...760mn) for current spending an JD1,175mn ($1,657mn) for capital expenditure. With inflation estimated at 2.4% in 2015, total spending is slated to rise by less than 1% in real terms. Real GDP is expected to grow at 4% in 2015 and 4.5% in each of 2016 and 2017. The Economy In 2014 Reviewing the cu...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
BP Still Hopeful Of Kirkuk Deal
...ploration and production, tells MEES that preparations are under way to start the third and final phase of development to take output towards the new, revised plateau of 400,000 b/d by 2017. Halfaya is operated by PetroChina with a 45% stake. Its partners are: Petronas (22.5%) and Total (22.5%) and Iraq’s So...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Says Oil Price Will Not Impact Expansion
...hieved by 2017 but slippages have pushed the date further into the future, though there is no doubt that Abu Dhabi will eventually make its promised contribution to global oil supplies. Still, uncertainty over the future makeup of the lapsed Abu Dhabi onshore concession (see p15), preparations to ne...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
UAE Keeps Oil Majors Guessing On Onshore Renewal
...volvement in building Abu Dhabi’s first nuclear power plant, due to become operational by 2017, it won the right to develop three oil fields in partnership with Adnoc. Like Japan, it also has a crude storage deal with Abu Dhabi. OXY: It’s Complicated For US mini-major Occidental (Oxy), the situation is...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
MENA Coal-Fired Power Gathers Steam As Egypt Plans Major Project
...chnology. RAK’s existing capacity is gas or diesel-fired (MEES, 8 November 2013). Next online will be a 318MW plant at Jerada in Morocco, due to be commissioned in fourth quarter 2017 by China’s Sepco III. This is one of two coal fired projects in Morocco – France’s GDF Suez is building a 1.39GW plant at...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014 -
Saudi Arabia’s Major Gas Development Stalls
...lay in gas substitution for power generation, which vies for gas feedstock with the petrochemicals sector and desalination plants, will eat into volumes of crude oil available for export in the future at a time when Saudi refining capacity is set to rise by 1.2mn b/d by 2017. Total oil burn, in...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Qatar And China Strengthen Trade And Investment Ties
...ansformation in the coming years, when a number of Australian liquefaction projects are completed. Indeed, Australia is set to surpass Qatar as the world’s leading supplier of LNG in 2017. US LNG exports will follow Australia into the Asia Pacific market starting next year when Cheniere Energy’s first 4.5mn to...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Turkey Backs Gas, Renewables; May Take Nuclear ‘In-House’
...ojects either under development or planned due to raise this to 72.3GW by the end of 2017. Turkey’s total projects pipeline amounts to 22.3GW, including 9.2GW of nuclear and 8.8GW of additional coal-fired capacity from 2020 onwards. Gas, Wind And Geo The latest project to reach the construction st...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014