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New ADNOC Trading Unit
...erations.” Adnoc plans to hike refining capacity by 60% to 1.44mn b/d by 2025, while in petrochemicals the aim is to more than triple capacity to 14.4mn tons/year by 2025 (MEES, 1 December 2017). “We aim to capture more value further along the value chain,” says Mr Jaber. “Our goal is to become a major gl...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Abu Dhabi Banks On Booming Petchems Demand
...ES, 1 December 2017). Mr Sheikh highlights the centrality of Adnoc’s downstream facilities at Ruwais as a major strategic advantage. The official also flagged up Adnoc’s wealth of feedstock available for an expanded petrochemicals sector. The UAE regularly exports in excess of 400,000 b/d of NGLs – in...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Services Firms See US Activity Boost, But Profits Remain Elusive
...venue. The three largest listed oilfield services firms have struggled to turn a profit since the beginning of 2015. They managed a collective profit of $190mn in Q1 2017, but this compares to a whopping $3.53bn in Q3 2014 just before oil prices tanked. The key ‘good news’ in the first three months of...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Upstream Investment Slump Presages Output Crunch, Oil Chiefs Warn
...ffontaines. RECOVERY IMMINENT According to the IEA, supply and demand in the oil market will rebalance by 2017. “In 2016 we should see a surplus of about 1mn b/d following a 2mn b/d surplus in 2015; in 2017 there will be a balancing, with demand higher than supply going forward over the rest of the next 5 ye...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016