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Yemen Takes Delivery Of Saudi Products Shipments
...started in 2019 and is currently running at around 10,000 b/d (MEES, 15 January). A planned second phase 400MW expansion was awarded to India’s BHL for $436mn in 2011 with work beginning in 2014 (MEES, 9 August 2013). The project was financed by the Arab Fund for Economic and Social Development, the Sa...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Saudi Petchems Sector Gets Oil Price Boost As Sabic, Sipchem Eye Expansion
...ar. And combined net income fell short of the bumper returns in 3Q 2017, which neared $9bn for the first time since crude prices plunged in late 2014 (see chart). State-led Sabic, the biggest Saudi petchems firm by far, attributed its Q1 income boost to higher average selling prices and sales vo...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Sonatrach Buys Italian Refinery In Bid To Plug Products Shortfall
...ficit shrink to ‘just’ $490mn for Q1, the nearest Algeria has come to breaking even on trade since oil prices tanked in late 2014. Export revenue rose 19.9% year-on-year to $10.72bn, with oil and gas revenues up 19.6% at $10.03bn (almost 94% of the total) – a seemingly impressive gain but actually less th...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Jordan: Zarqa Expansion
...id, according to Jordan’s official stats, oil demand fell from a peak of 155,000 b/d in 2014 to a five-year low of 133,000 b/d for 2015, an unlikely outcome given the country’s rising population. One possible explanation is that ‘official’ supplies are being augmented by smuggled products from ne...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Oman Eyes Liwa Close, Prepares Duqm
...ckages: cracker; polymer units; NGL extraction plant; and 300km NGL pipeline. CB&I is supplying process technology for the 800,000 t/y cracker, the NGL extraction unit and the MTBE unit (MEES, 18 July 2014). It is also among bidders, with consortium partners Saipem of Italy and CTCI of Taiwan, for the cr...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Grace Catalyzes UAE
...ptember 2014). The FCC catalysts plant was originally scheduled for start-up in 2015 (MEES, 24 May 2013). Among delaying factors has been Grace’s major reorganization in 2014 “under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the District of Delaware to resolve thousands of as...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Tupras Boosts Turkish Conversion Capacity
...sidue upgrader unit at the 220,000 b/d Izmit refinery will transform high-sulfur fuel oil into Euro V standard light products, while increasing production capacity for petroleum coke and sulfur. The project was over 90% complete at end-2013 and is scheduled for November 2014 start-up, Tupras says. Sp...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...r ethylene derivatives: “From 2014 excess supply is expected to reach 5mn t/y or more, due to the increases in excess supply in the Middle East as well as the increase in ethylene production capacity making use of shale gas in the US.” The International Energy Agency meanwhile sees global et...
Volume: 56Issue: 19Published at Fri, 10 May 2013