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Aramco Focuses Investment On Offshore And Gas
...gnificant milestone has been achieved with the commissioning of additional surface processing facilities that include four satellite facilities and associated well sites. Total North Arabia processing capacity is now 400mn cfd the firm says. The Turaif project started up in 2017 with initial sales gas ou...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Dark Days Ahead For KRG Oil Sector
...re reached in 2017 (MEES, 1 September 2017). As with then, if low prices persist the KRG faces having to decide between making IOC payments and covering its own expenses (like salaries). If prices stay low, the KRG’s ambitious near-medium term plans to increase output may prove unsuccessful. Pr...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Saudi Arabia’s Latest U-Turn Hits Opec Periphery Hardest
...reover, Ms Young says that some of the Abu Dhabi measures “actually backtrack on some subsidy reform.” Such measures also typically prove hard to reverse. OPEC’S 2019 OIL EXPORT REVENUES AT RISK OF FALLING BELOW 2017 LEVELS ($BN) *MEES CALCULATION BASED ON 2019 EXPORTS & PRICES. ** MEES PR...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Aramco Downstream Results Hit By Lower Margins, Sadara Impairment
...en completed and was being commissioned at year-end 2019. This will benefit petchems producers who are currently having to process some other feedstocks because of tight ethane supply/demand (MEES, 28 February). ARAMCO REVENUE BY OPERATING SECTOR ($BN) $1=SR3.75. *2018 FIGURES AND 2017 TO...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Egypt Gas Burn Falls Despite Powergen Record
...imarily the three giant CCGTs:: capacity rose from 46.03GW at the end of 2017 to 57.05GW at end-2019 (see chart 3). Egypt’s total installed capacity is now 85% higher than the record peak load of 30.8GW hit in August 2018. However, much of the existing capacity is in aging plants that have suffered un...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Saudi Products Exports Slump
...ports of 89,000 b/d. However, for January, this switched to net imports of 7,000 b/d. This marked the first time since May 2018 in which the kingdom was a net importer of the fuel. Moreover, the 383,000 b/d net exports of diesel was the lowest since January 2017. ...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Egypt Refiners Hit New Highs
...tput (MEES, 24 January). Jet-kero output was a record 68,000 b/d in January, while at 173,000 b/d diesel was the highest since July 2011. Gasoline output was 98,000 b/d, down from December’s all-time high 103,000 b/d, while 87,000 b/d of naphtha was the highest monthly level since August 2017 (see ch...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020