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Iran’s Petropars Wins $1.3bn South Azadegan Contract
...ofile firms were interested in developing South Azadegan (MEES, 29 January 2016). The likes of Total, Shell, Petronas, Inpex and Rosneft (MEES, 8 September 2017) were all linked to the field until the re-imposition of US sanctions nixed Iran’s plans. LOCAL FIRMS STEPPING UP With IOCs unwilling to...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Algeria Gas Fields Slump
...mpression project doubled output to a record 815mn cfd in 2017. Q2 output was just 493mn cfd (see chart 2). But natural decline doesn’t explain In Salah’s precipitous Q2 slump. Faced with a huge decrease in export demand for its gas (MEES, 26 June), Algeria has been cutting production across a number of ke...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iraqi PM Courts Iran & Saudi Arabia
...udi Arabia’s influential Crown Prince Mohammad bin Salman has adopted a more nuanced approach to Iraq however, and has extended an olive branch to Baghdad in a bid to counter Iran’s influence (MEES, 1 September 2017). With Saudi Arabia far better placed than Iran to finance large-scale projects, th...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Kuwait’s Ailing Emir
...gional level, Emir Sabah’s rule has been characterized by his active role as a mediator in local disputes. Perhaps the most pertinent recent example is his – so far unsuccessful – efforts to broker an agreement between Qatar and Saudi Arabia, UAE and Bahrain since the start of the June 2017 embargo (ME...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran Hikes Capacity At Persian Gulf Star Condensate Splitters
...0,000 b/d and increase gasoline output capacity to 309,000 b/d. With US sanctions choking crude oil exports, gasoline exports represent a critical revenue generator for Tehran. Iranian oil and gas earnings dropped to $8.9bn for the 2019-20 Iranian year (to March 2020), less than a third of 2017-18’s $27...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran Plans Northern Propylene Plant
...at delivers ethylene from crackers near Assaluyeh to a number of polyethylene plants in underdeveloped areas of western Iran (MEES, 21 April 2017). Mr Mohammadi says Iran’s propylene capacity is currently 900,000 t/y and “we are trying to increase this to 3mn t/y.” He told the petroleum mi...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Adnoc Investment Boost For Petchems-Fuelled Ruwais Plans
...fining and petrochemicals complex” (MEES, 18 May 2018). Under the 2030 strategy, Adnoc will boost refining capacity by 60% to 1.44mn b/d and more than triple petchems capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). The derivatives park is intended to be “a key enabler of Adnoc Downstream’s 20...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Saudi Solar: Key 2GW Plant Faces Covid-19 Delays
...VELOPMENT Saudi Arabia’s ambitious plans for 27.3GW of renewable energy capacity by 2024 and 58.7GW by 2030 rest on a two-track system of development. The first track is overseen by the Ministry of Energy’s Renewable Energy Project Development Office (Repdo), which was established in 2017 (MEES, 10 Fe...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Egypt’s Midor Refinery: Force Majeure Sets Back Expansion
...5,000 b/d in early 2017 with the addition of a pre-flash tower. These gains appear to be included in the 60,000 b/d increase to primary distillation capacity claimed for the ongoing work given that Midor equates the 60,000 b/d increase to a 60% hike, whilst key contractor Technip gives 100,000 b/d and 16...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Thailand LNG Imports: Qatar Threatened By Malaysia, USA
...-year. But Qatar has rapidly been losing market share. From 60% in 2017, Qatar’s share fell to 46% in 2018, 38% in 2019 and 31% in 1H 2020. And it was just 23.4% for Q2, the second lowest quarterly figure since 2013. *Also for only the second time in seven years, Qatar lost top supplier sp...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020