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Tunisia’s Net Energy Imports Hit Record In 2018
...ovisional data) are far outweighed by 78,000 b/d of net products imports (see chart 5). When combined with fluctuations in oil prices this means the country’s net energy import bill hit a record $2.35bn for 2018, beating the previous record of $2.14bn set in 2014 (see chart 6). The $670mn (40%) in...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Algeria: Gazprom Stalls On El Assel
...January, Russian energy minister Alexander Novak said Gazprom is preparing a commercial offer for development of the 2010 Rhourde Sayah (RSH) and 2014 Rhourde Sayah North (RSHN) discoveries but does not plan to participate in development of the Zemlet er Rekkeb (ZER) or Zemlet er Rekkeb North (ZE...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
LNG: A Record Year As Qatar & Oman Both Hike Sales
...nthly basis for the first time in October, may well snatch the overall spot for 2019. *The one key market which is stagnant is the world’s largest, Japan. Japan imported a total of 82.9mn tons in 2018, down 0.9% on 2017 and over 6% lower than the record of 88.5mn tons set in 2014. Here Australia is th...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...ntinued largely without hiccup. With prices at multi-year highs last year, Doha raked in bumper revenues. Total export revenues surged 25% year-on-year to a four-year high of $84.3bn in 2018 (see chart). This was, however, still substantially down on 2014’s $130.7bn. Hydrocarbons accounted for 88.5% of...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Sabic Reports Higher Profits As It Prepares For Aramco Buy-In
...nference that the results reflect the “success of the company’s transformation initiative, which was designed to make Sabic even more competitive globally.” The 2018 net profit was the biggest since 2014’s $6.23bn, though short of 2013’s record $6.74bn. Mr Benyan says Sabic’s business transformation in...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Iraq Northern Refining Boost At Baiji
...ptember although Oil Ministry statements suggest current capacity may be as low as 47,000 b/d. The refinery had been offline since it was ransacked by Islamic State (IS) in 2014 (MEES, 26 September 2014). Because of the extensive damage to all three Baiji units (the two 70,000 b/d older Salahuddin un...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Aramco Advances Crude-To-Petchems Plans
...arted up in 2014. ...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019