1. Saudi Eyes Tankers For LNG Trading Boost

    ...s in talks with Qatar over importing from the emirate (MEES, 8 December 2017).    ...

    Volume: 62
    Issue: 13
    Published at Fri, 13 Dec 2019
  2. Aramco’s $69.1bn Sabic Takeover Refuels PIF Ambitions

    ...presents an expansion from 2017’s 14.6mn t/y capacity. The 2017 total fell to 9.9mn t/y when excluding intermediate products (MEES, 24 August 2018). As for Sabic, 2018 petchems output totaled 61.6mn t/y of which up to two-thirds are intermediate products (MEES, 22 March). Even at 20mn t/y, this would still be...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  3. Oman Eyes $3.85bn Sri Lanka Refinery Project

    ...ES, 22 March). After upgrading the Sohar refinery to 197,000 b/d in 2017 (MEES, 17 February 2017), Oman is now pushing on with the $8bn Duqm refinery which will add an additional 230,000 b/d. A separate petrochemicals complex at Duqm is also slowly beginning to push forward – though construction is so...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  4. 2018 US Crude Exports Double; New Monthly High In Jan

    ...e US, up more than fourfold on 2017 but still well behind China (249,000 b/d) as the US’ top Asian customer. *Korean buying from the US (and other long-haul sources such as the North Sea) has been boosted by a tax break on imports of non-Mideast cargoes in a bid to diversify the country’s import sl...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  5. GCC Downstream Giants Eye Revolutionary Plastics Technology

    ...mmercialize one of them. Sabic had patented a process to produce chemicals directly from crude using existing downstream units in a new configuration (MEES, 1 December 2017). However, Aramco took a more revolutionary route by developing new technologies. Besides squeezing more out of its resources, Aramco ch...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  6. Egypt Solar Capacity To Soar In 2019 With Benban Boom

    ...ansmission line 12km east of the park. In addition, Substation-3 will also be directly linked to a 500kV overhead transmission line which runs just 500m east of the park. 2017 saw work on only one plot (5-1) of the 37.2 km2 park being built in the desert 40km north of Aswan. Egypt’s Infinity Solar says it...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  7. Israeli-Arab Relations Under The Spotlight As Leviathan Start-Up Nears

    ...bassy in Amman shot and killed two Jordanians in 2017 saw Israel’s embassy close for six months (MEES, 19 January 2018). And US President Trump’s recognition of Jerusalem as Israel’s capital in late 2017 made matters even worse. Israel’s poor handling of security at Al Aqsa mosque, of which Jordan is te...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  8. Senior UAE Official Calls For Israeli Dialogue

    ...iticism of “subversive Qatari politics and support for extremism and terrorist organizations” in the wake of the June 2017 GCC rift (MEES, 9 June 2017). His views on the UAE’s neighbor haven’t softened over the past two years....

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  9. …Keeps Israel Steady

    ...ficit widened from 1.9% of GDP in 2017 to 2.9% last year and Fitch forecasts it to widen even further to 3.5% of GDP in 2019 before narrowing to 3.0% in 2020. “Israel’s macroeconomic performance has been impressive and the economy remained buoyant in 2018, with real GDP growth of 3.3%, low un...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  10. Qatar Establishing Shariah-Complaint Energy Bank

    ...nancing, and that this will be progressively scaled up to the targeted $10bn. The institution will provide financing to energy projects both overseas and domestically. Despite being subject to an economic embargo by neighboring states since June 2017, Qatar shows no sign of reigning in its hydrocarbon-ba...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  11. Saudi China Volumes Surge

    ...n b/d, a level never before breached, culminating in a record 2.13mn b/d in January (the latest available data, see p6).   CHINA’S TOP 4* CRUDE SUPPLIERS: SAUDI ARABIA CHALLENGES RUSSIA FOR No.1 SPOT (‘000 B/D) *BASED ON 2018 (& 2017) VOLUMES. BRAZIL, WITH 1.04MN B/D, WAS AHEAD OF IRAQ FOR JA...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019