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Iraq Awards New Refinery At Nasiriya - ref
...stribution and marketing sectors are wholly state-owned and end-user prices are heavily subsidized. Investors are therefore only attracted to refining projects targeting export markets. Iraq’s oil ministry has however made some progress in restoring norther refining capacity taken out by Islamic State in 2014...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Aramco’s Sabic Takeover: Are Assets Compatible?
...s been variable in recent years. Sabic took a hit in 2014 when oil prices collapsed, since petchems sales prices are index linked to crude prices. Since then, however, Sabic’s market capitalization has recovered in line with rising crude prices. Sabic’s end-2018 market capitalization was $92.96bn, im...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Libya Refinery ‘Resolution’ Fails To Hide Need For Multi-$bn Investment
...27mn b/d. But since then volumes have been unstable. Since 2014, when output averaged just 465,000 b/d and exports around 350,000 b/d, most crude has been sold to trading firms such as Glencore (MEES, 10 February 2017) which has been prepared to run the risk of delayed and irregular cargoes – and pr...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Oman Refining Output Up 5% In 2015, But Set To Fall In 2016 As New CDU Hooked Up
...lletin, for January 2016, shows increased output of most light fuels and in particular gasoil, whose output rose 12.5% from 2014. However, 90 RON regular gasoline declined by over 42% while production of 95 RON super gasoline was increased by 7%. Increasing light fuels output over the last fuel ye...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Mideast Plastics Conversion To Rise 40% By 2020, But ‘Specialty’ Needed
...61mn t/y of polyethylene capacity and 960,000 t/y of polypropylene as they come onstream during 2014-16. Yet the bulk of these commodity products will come from the first project to go ahead – Borouge 3. Sadara and Petro Rabigh 2, on the other hand, will produce a combined 2.02mn t/y of specialty products th...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
UAE’s DFT Opens Niche Fuels Processing Plant Near Ajman Port
...is will process ‘tanker slops’ from visiting vessels, turning a waste liquid into saleable oil products (MEES, 4 July 2014). At the same time Dubai’s Petrixo is building a 23,000 b/d biofuel refinery in Fujairah for 4Q15 start-up. This will be the first commercial plant outside North America pr...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Refiners Plan ‘Too Much CDU Capacity, Not Enough Conversion
...be delayed until [the planned giant 615,000 b/d] Al-Zour is completed,” says Mr Fathi. Al-Zour contracts may be awarded in 2014, he adds. Iraq’s capacity utilization is “not more than 70%” with light product imports over 100,000 b/d, but the long-planned expansion has made little progress: “Ev...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014