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Homs Refinery Fire Sheds Light On Syria’s Murky Fuel Markets
...stribution. HTS itself is accused of being a covert branch of Al-Qaeda and has been labelled a terrorist group by, amongst others, the US and Turkey. Reported to be established in 2017 by a group of Syrian businessmen living in Turkey, Watad receives oil shipments from Turkish suppliers who deliver it to th...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Rabigh Record Loss
...e Saudi Red Sea coast comprises a 400,000 b/d refinery and 4.97mn t/y petrochemicals complex. The petchems plants were built in two stages, with the 2.57mn t/y Rabigh-2 complex reaching mechanical completion in 2017 but only reaching full commercial operation in October 2019 (MEES, 8 November 2019) wi...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
Gulf Petchems Attract Major Interest
...w is a partner in Kuwait’s Equate (MEES, 8 December 2017). The majors’ Gulf petchems interests are low-key in comparison with the upstream. But Total and refinery JV partner Aramco recently created headlines with a plan to integrate a 1.5mn t/y mixed-feed cracker and 800,000 t/y polyethylene un...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
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
...feat, an acceptance that highly-ambitious plans to expand Algeria’s domestic refining capacity have gone nowhere. On the other hand it can be seen as a further indication that Abdelmoumen Ould Kaddour, one year in to his tenure as head of Sonatrach (MEES, 21 April 2017), has managed to inject a much-ne...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Oil Price Rebound Boosts Saudi Petchems Sector, Sabic Touts Restructuring Benefit
...ghest since 2013’s total SR555bn. As usual the petrochemical sector results are dominated by state-owned giant Sabic, which reported an 80% hike in first quarter net profits year-on-year to SR5.24bn ($1.40bn) and a 51% increase over returns for the fourth quarter 2016. Sabic’s Q1 2017 net profit co...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Oman Eyes Liwa Close, Prepares Duqm
...rst phase due to start up in 2017. The purified terephthalic acid (PTA) plant will utilize paraxylene feedstock and will itself provide PTA feed for two linked 250,000 t/y polyethylene terephthalate (PET) plants. Ompet – a joint venture between state firm Oman Oil Company (OOC – 50%), Oman’s Ta...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Tupras Boosts Turkish Conversion Capacity
...bsidiary of Azerbaijan’s state oil company and by Turkey’s Calik Enerji. While Calik’s planning for a 300,000 b/d refinery at Ceyhan is at an early stage, Socar is nearing completion of financing for the 200,000 b/d Socar Turkey Aegean Refinery (STAR) at Aliaga, which is expected to begin operating in 2017 an...
Volume: 57Issue: 19Published at Fri, 09 May 2014 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...hylene capacity rising by 3.7% a year in the medium term, to 183.4mn tons/year in 2017 from 147.6mn t/y in 2011 (MEES, 2 November 2012). Despite the shifting market economics, Gulf petrochemicals companies are pressing ahead with expansions. Gulf Petrochemicals and Chemicals Association (GPCA) Se...
Volume: 56Issue: 19Published at Fri, 10 May 2013