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Bahrain Seals Finance For Refinery Upgrade Amid Oil Optimism
...visors. While the amount of funding to be provided has not been disclosed, reports have placed it at over $4bn. Bapco awarded a $4.2bn engineering, procurement, construction and commissioning (EPCC) contract for the BMP project in late 2017, an amount that tallies with this financing. BNA says that th...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Egypt Hikes Power Prices But Delays End To Subsidies
...e increase in fuel prices could see another spike in inflation, which rose to 33% in July 2017 but has been brought back down to 13% last month. Egypt’s central bank hopes to reduce inflation to single digits in the medium term. EGYPT ELECTRICITY TARIFFS (BY MONTHLY USAGE BAND): AVERAGE USER TO PA...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Kuwait Seeks $2.6bn Finance For Al-Zour LNG Plans
...intends to integrate petrochemicals plants (see table). K-sure signed an agreement with KPC in October 2015 – before Kipic was formed to operate the Al-Zour downstream and LNG operations, which it took over in May 2017 – to provide $6bn of support for Korean companies involved in two refinery pr...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Mubadala Goes Global
...troleum 44% and Russian state fund RDIF 5%. Gazprom Neft says the JV’s fields in Western Siberia have 2P oil and gas reserves of 40mn tons (300mn barrels of oil equivalent) and that oil production in 2017 totaled 1.6mn tons (33,000 boe/d). Alongside domestic consumption, the company exports crude through th...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Egypt’s Gasoline Imports Rising, But Key Hydrocracker Start-up Put Back To 2018
...eady. First quarter gasoline net imports averaged 71,000 b/d, the same level recorded for 2016 as a whole. However, Q1 2017 net gasoline imports are almost 40% higher than the 51,000 b/d recorded for Q1 2016, suggesting that 2017 as a whole may prove to be another record year. In contrast, Egypt’s ne...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Turkey Joins MENA Capacity Surge As Socar Awards STAR Refinery Contract
...nstruction work was 97% complete and that the 400,000 b/d plant would be fully operational toward the end of 2013. Although the International Energy Agency (IEA) recently said that the 400,000 b/d Yanbu’ Aramco Sinopec Refining Company (Yasref) is now scheduled for 2017-18 (MEES, 17 May), Saudi Aramco ma...
Volume: 56Issue: 21Published at Fri, 24 May 2013