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Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy
...line next year. Now, Aramco is once again examining whether to integrate petrochemicals into its wholly-owned 635,000 b/d Motiva refinery at Port Arthur in the US. Previously operated by the 50:50 Motiva JV with Shell, Aramco took full control of the refinery in 2017 (MEES, 10 March 2017). Mr Na...
Volume: 68Issue: 18Published at Fri, 16 May 2025 -
Kuwait’s Extends Shell’s Key Upstream Role
...SA, which runs for 10 years (MEES, 21 March). There have been no subsequent ETSAs awarded, despite previous plans to award new contracts for heavy oil development (MEES, 2 June 2017) and for West Kuwait (MEES, 20 April 2018). Plans to develop a new contract model have also yet to reach fruition (ME...
Volume: 68Issue: 18Published at Fri, 02 May 2025 -
Bahrain Plans 2GW Wind Capacity
...y to net-zero by 2060. And the country’s 2017 National Renewable Energy Action Plan (NREAP) targets renewables capacity of 225MW by 2025 (equivalent to 5% of forecast peak demand) and 710MW (10%) by 2035. Bahrain’s current installed capacity is 5GW from a fleet of five thermal plants. Renewables ca...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Iran’s Million Barrel West Karun Ambitions Recede Into The Distance
...arded Petropars a $1.3bn contract (MEES, 24 July 2020) to deliver the phase after hopes of bringing foreign IOCs were derailed first by Iran’s protracted and unfavorable contracting offerings in 2016 and 2017 (MEES, 2 September 2016 & MEES, 23 June 2017) before sanctions dealt the final blow. Re...
Volume: 66Issue: 18Published at Fri, 05 May 2023 -
Iraq Crude Exports Push Against Capacity Constraints
...ins only in 2023 and 2025. The first gains are slated to come through the much-delayed Sealine 3 pipeline which is planned to add 600,000 b/d by connecting to ABOT, the non-operational SPM4 and the 600,000 b/d Khor al-Amaya (KAAOT) terminal which has been offline since 2017 due to pipeline leaks. Mr...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Oman Oil Output At Near-Record Highs As India Shipments Surge
...similarly low volumes in April. With Chinese spot crude buying having dropped off significantly over the last couple of months as Covid restrictions crimp demand, India has stepped up to fill the gap. Shipments to India doubled to 220,000 b/d in March, the highest figure since October 2017 th...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Majors’ Russia Exit Puts Spotlight On Mena Portfolios
...to Iran’s South Pars gas project in 2017 was cut short by the return of US sanctions the following year (MEES, 23 November 2018). While it was prevented by the Algerian government from buying Occidental’s ex-Anadarko assets in 2020 (MEES, 8 May 2020), at least the firm managed to complete its co...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Energean Karish FPSO Sets Sail, Adds Gas Sales Deal
...pply 0.8bcm/y (77mn cfd) to the newly privatized 700MW East Hagit Power Plant in northern Israel (MEES, 21 January). It is the second GSPA that Energean has signed with lead partner Edeltech, following an October 2017 deal to supply 2.5bcm of gas over 14 years (see table). Energean flags up that th...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Iraqi Kurdistan’s Energy Sector Under Attack
...vancing Islamic State and Kurdish fighters filled the vacuum, saw it banned by NOC following the federal government’s re-taking of the fields in 2017. Kar’s proposal to take over two power plants in Basra last year was denounced by MPs (MEES, 12 February 2021) who labeled it as a sell-off of “state as...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
UAE’S First Waste-To-Energy Plant Begins Testing
...become the Middle East’s first zero-waste city.” The plant, developed by Abu Dhabi state utility Adpower, incorporates moving grate technology to process and burn waste to drive a steam turbine generator set EWEC is led by Abu Dhabi state renewables firm Masdar and was formed in 2017 with the go...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Oman State Firm Sees Oil & Gas Output Drop Amid Opec+ Cuts
...ose to Block 9. Block 30 is located to the east of Block 9 and is a gas play awarded to Oxy in 2017 (MEES, 24 November 2017). OQ says the partners are assessing the next phase of development, while Oxy has previously said that it intends for the nearby Block 62 to act as a hub for any Block 30 ou...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Iraq Offers To Buy Exxon Wq-1 Stake ‘In Kind’
...mmercial terms remain a major hurdle (MEES, 22 September 2017 & MEES, 3 April 2020). Iraq’s motivation in having BOC take over from Exxon may be due to continued hopes of a future sale to a western IOC, as well as concern over the extent to which its oil sector is becoming reliant on Chinese firms (ME...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Exxon Hikes 2020 Permian Forecast, Eyes Q4 Start-Up At Sabic JV Cracker
...orms. These knocked 800,000 b/d (18%) from Texas’ overall crude output and saw US production as a whole fall to the lowest level since 2017 (see chart 2). Despite the storms, Exxon’s Q1 figure was up 12% year-on-year. Exxon’s 2021 spending will be highly focused on “prioritized investments” where Ex...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Japan LNG Imports At 3-Year High As East Asia Sees Record Q1
...88mn tons, the highest quarterly figure since 1Q 2017. Number four was the USA with a record 2.72mn tons (see table). *The bumper Q1 Japan volumes coming on top of quarterly records from China (MEES, 23 April) and South Korea (MEES, 16 April) mean that overall East Asian imports were up 15% ye...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Another One Bites The Dust: Shell To Quit Tunisian Upstream
...bruary 2017), nor did state-power firm Steg’s chronic inability to pay Shell for gas produced. As of end-2018 debt-ridden Steg owed Shell some $230mn. With the current dire state of the country’s finances (see p10), it is unlikely matters have improved since. Shell has previously tried and failed to se...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Kuwait Receives Bids For $1bn Jurassic Gas Production Facilities
...5mn b/d to 1.7mn b/d (MEES, 5 February). A key gathering project for Burgan, the $1.3bn 120,000 b/d GC-32 is facing significant delays. Under a 2017 award, UK firm Petrofac was due to bring GC-32 online in mid-2020, but the latest targets are for a start-up later this year. Kuwait newspaper Al An...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Saudi Deficit Shrinks As Capex Responsibility Switches To PIF
...F That government spending came in at $56.6bn in Q1, the lowest figure in three years, was largely due to a huge drop in capital expenditure (capex). At $4bn, capex was the lowest figure since the Ministry of Finance began releasing quarterly updates in 2017, coming in well below the previous low of...
Volume: 64Issue: 18Published at Fri, 07 May 2021 -
Lebanon Gas Ambitions In Limbo As Virgin Well Falls Flat
...ploration well in Block 9 by May 2021 (MEES, 16 February 2018). Lebanon struggled with political crises and instability for the better half of the last decade, which pushed back its first bid round from 2012 until 2017 (MEES, 24 January). But following the block awards in late 2017 facilitated by the (te...
Volume: 63Issue: 18Published at Fri, 01 May 2020 -
Fujairah Storage Hub Set For Industry Boost
...erational. The largest of which is Vitol’s 82,000 b/d refinery, located close to Uniper’s 67,000 b/d topping plant. The Uniper facility began commercial operations in 2017 and consists of two identical units. Uniper says the plant has “the capacity to produce about 3.6mtpa of marine fuels with sulphur co...
Volume: 63Issue: 18Published at Fri, 01 May 2020 -
Qatar Export Revenue Drop
...Qatar’s export revenues tumbled to their lowest levels since 2017 in Q1 with worse on the way. The petrostate’s export slate is dominated by oil and even more importantly gas. Q1 export revenues came in at $16.4bn. Of this 85% was from hydrocarbons, the lowest figure since 3Q 2017. Ov...
Volume: 63Issue: 18Published at Fri, 01 May 2020