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Shell’s Oman GTL Proposal: What’s Changed This Time Around?
...ned. Given such a propensity to budget blowouts it’s little wonder that remaining interest in GTL evaporated in the wake of the collapse in oil prices in the second half of 2014. South Africa’s Sasol had signed preliminary agreements for a GTL project in Uzbekistan of a similar size to Oryx, but put th...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Algeria Advances Downstream Plans
...ssaoud, and a new naphtha reformer and hydrocracker at the Skikda refinery,” according to the firm’s comments in announcing the Exxon deal. Plans for the two new units at Skikda intended to boost the country’s diesel and gasoline output have been around in some form since at least 2014. Spain’s Te...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Iran Taps China For $1.5bn Refinery Upgrade, Warns Over Lack Of Upstream Progress
...is work at $3.6bn – significantly more than the figure quoted by Mr Zanganeh, which suggests that a less rigorous culling of ageing equipment is currently envisaged (MEES, 23 May 2014). The Abadan refinery MoU takes to six the number of Iran’s post-sanctions downstream deals. In refining Iran has li...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi Ramp-Ups Boost Mideast Naphtha Exports, Despite Petchems Rise
...rkets. “By 2025, Middle East naphtha production will increase by 25mn tons/year of light and 35mn t/y of heavy reforming naphtha, respectively. Light naphtha exports in 2014 were 42mn tons and due to a large increase in domestic consumption will increase by a relatively modest 5mn t/y by 2025,” says Mr Ra...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Aramco Boosting Refining Capacity, Plans ‘Value-Maximizing’ Integration
...lue along the processing chain. Saudi Aramco says the kingdom’s refineries delivered an average 2.18mn b/d of products in 2014, compared with 1.84mn b/d in 2013. Much of this 18.3% rise is attributable to Aramco and joint venture partner France’s Total, bringing their Satorp refinery at Jubail to fu...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Fertilizer Boost For Algeria’s Battered Petchems Industry
...13, a cumulative fall of 21% since 2006, according to official figures released by the IMF in its extensive report on the Algerian economy earlier in the year (see graph). LNG exports have fallen even further: from 14.3mn tons for 2010 to 10.9mn tons last year, according to the 2014 report of the In...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Iran Targets Petchems Hike
...more than 25%, he told the petroleum ministry’s Shana website, from 40mn tons produced in the year ending 20 March 2014. The company aims to get its petrochemicals expansion back on track after years of economic sanctions and the withdrawal of international firms from Iran’s petrochemicals se...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Saudi Gifts Egypt Oil
...the first year of the revolution. Egypt’s draft budget for 2014-15 (the year beginning 1 July 2014) projects a deficit of 13.9% of GDP, an official source has announced. This is higher than the current figure of 9.1% in the 2013-14 budget ending on 30 June. The new budget will also levy an ad...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
IEA Sees Middle East Refiners Adding 2.5Mn B/D Of Capacity In 2013-18
...ant at Yanbu’, originally slated for 2014 completion, is now “scheduled for 2017-18.” Elsewhere, the region’s largest capacity addition will be in the UAE, where a new 420,000 b/d refinery at Ruwais is due online in 2015. “This high-conversion project,” says the report, “will process heavy re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Qatar Awards Condensate Splitter Project To Chiyoda/CTCI
...pected to be commissioned in the second quarter of 2014. This will have capacity to process all the light gasoil from both LR1 and LR2 into ultra-low-sulfur diesel. Detailed engineering work for LR2 began in April. The front end engineering design (FEED) for LR2 was carried out by France’s Te...
Volume: 56Issue: 20Published at Fri, 17 May 2013