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Iraq Targets 1.54mn B/D Refining Capacity With Relaunch Of 150,000mn b/d Missan Plans
...pacity since 2017, when the country was struggling to cope with the aftermath of the 2014 destruction of its largest refinery, the 290,000 b/d Baiji complex, by Islamic State (MEES, 26 September 2014). Mr Sudani says the new refining additions are part of his government’s efforts to maximize the value de...
Volume: 68Issue: 14Published at Fri, 04 Apr 2025 -
Oman LNG Exports Soar To New Record Highs
...nfirmed. REVITALIZED GAS SECTOR The surge in Oman LNG exports is largely thanks to the resurgence of the sultanate’s upstream gas sector. The September 2017 start-up of BP’s 1bn cfd Khazzan tight gas development sparked its upstream gas sector and the second phase Ghazeer development brought capacity to...
Volume: 66Issue: 14Published at Fri, 07 Apr 2023 -
Israel Oil Demand Falls To 9-Year Low Amid Record Imports
...porting ‘banned’ supplies, especially if this can be achieved at a hefty discount. During Libya’s geopolitical chaos of 2016 and 2017 where factions competed to sell crude by any means possible, Israel took several cargoes. And volumes from ‘Egypt’ (with which Israel of course has diplomatic relations) ha...
Volume: 64Issue: 14Published at Fri, 09 Apr 2021 -
Saudi Refinery Turnarounds Boost Crude Supply
...rch). Aramco’s 550,000 b/d Ras Tanura plant will be shut down for 5-6 weeks beginning 1 June as part of a $2.4bn clean fuels upgrade. which will enable production of Euro-5 specifications fuels from 2021 (MEES, 13 January 2017). The Satorp joint venture of Aramco and France’s Total shut down the re...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Egypt Cuts Oil Import Bill As Refineries Up The Pace
...ices (MEES, 11 October 2019). Demand for diesel peaked at 297,000 b/d in 2016 and has since fallen for three consecutive years to 271,000 b/d in 2019. Demand for gasoline has eased slightly since peaking at 170,000 b/d in 2017. But with gas now accounting for almost all thermal power generation in Eg...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Aramco Bond Prospectus Sheds Light On Downstream Operations
...en lower than prices at which the company would otherwise have sold such refined products.” Because of subsidies, Aramco’s downstream business made a loss before 2017. But from 1 January 2017 Riyadh “implemented an equalization mechanism” to compensate Aramco for losses on sales of crude, ke...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Iraq Eyes 70,000 B/D Refinery Boost By End-2018
...wnstream rehabilitation has included launching multiple greenfield refinery plans, but foreign investors have largely stayed away. As such, Iraq’s greatest prospects for boosting output in the near-term come from rehabilitating and expanding brownfield facilities such as Basra. In 2017 it brought back on...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Tupras Sees $2.7Bn Izmit Upgrader Boosting Refining Margins
...2 Planned Socar Aliaga [STAR] 200 2017 Calik Ceyhan [Adana] 30...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015