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Saudi Arabia’s Oil Sector In 2020: Assessing A Tumultuous Year
...amco began ramping up operations at the 400,000 b/d Yasref JV refinery in 2015 (MEES, 9 January 2015). Domestically, demand for refined products had already been trending down after peaking in 2017 due in large part to the reduction of subsidies on gasoline and diesel in recent years. Gasoline de...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
GCC Petchems Producers Push Recyclable Plastics
...edstock from recycled PET bottles. The company aims to increase production, currently at Schopkau in Germany, to industrial scale. PLASTICS END-USE BY RESIN (2017, MN TONS) SOURCE: IEA ‘FUTURE OF PETROCHEMICALS’, OCT 2018. GLOBAL OIL* USE IN PETCHEMS SET TO RISE-IEA PROJECTIONS^ (MN...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
IMO Bunkering: Regional Refiners, Ports Prepare Amid Industry Uncertainty
...8 ships in 2017 to 143 in 2018, with 135 more on order. World-leading LNG producer Qatar sees big potential for LNG bunkering, with energy minister and Qatar Petroleum chief executive Saad Sherida al-Kaabi saying that “there is real potential for demand to reach 50mn t/y by 2030” (MEES, 26 Ja...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Iraq Reboots Downstream Development Drive
...e Korean contractors led by Hyundai E&C working at Karbala under the $6bn EPC contract awarded in 2014. CUTTING IMPORTS ESSENTIAL Iraq’s modest progress in rehabilitating refineries enabled it to boost refining runs to around 535,000 b/d in 2017 – the highest since 2013 when Baiji was still op...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Kuwait Advances Petchems Expansion With Key Olefins, Aromatics Awards
...a KD34.2bn ($112bn) national investment plan for the period 2015-19. The plan, since expanded to $115bn for 2017-21, included the new refinery at Al-Zour and a clean fuels project at two of Kuwait’s existing refineries (MEES, 20 February 2015). The new parliament, elected in November, is less co...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
Mideast To Add 1.7Mn B/D CDU Capacity By 2020; Highest Growth Worldwide-IEA
...ndar Abbas is reportedly nearing completion and the first phase is expected to be commissioned in 2017, significantly increasing the country’s gasoline and diesel output. Once the three phases of the project are completed, Iran could become a net gasoline exporter,” the IEA says. Iran imported a record 17...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Algeria Plans 3Mn T/Y Skikda Petchems Plant
...vive Algeria’s petchems sector” – from the nearby refinery (MEES, 6 December 2013). Besides replacing Skikda’s petrochemicals plant, Mr Yousfi is also considering building a regional petrochemicals hub at Biskra, to be centered around a 100,000 b/d refinery, which is scheduled for 2017 start-up. Th...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014