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Aramco’s Overseas Downstream Expansion: Much More To Come
...vestments “We’re looking at highly integrated complexes that have more than 50% liquid to chemical [conversion rate].” One such investment that was struck back in 2017 but has suffered repeated delays is the Pengerang Refining and Petrochemical (PRefChem) JV with Petronas, which operates a 300,000 b/d co...
Volume: 65Issue: 33Published at Fri, 19 Aug 2022 -
Sabic Losses Continue Due To Tough Market And Impairments
...vestments in the 4mn t/y Sadaf cracker-based complex – in which it bought Shell’s 50% stake for $820mn in 2017 (MEES, 27 January 2017) – and its Ar-Razi methanol joint venture with Japan’s JSMC near the Gulf coast industrial hub of Jubail, which it last year extended for 20 years while increasing its stake fr...
Volume: 63Issue: 33Published at Fri, 14 Aug 2020 -
Aramco To Buy 20% Of Reliance Refining & Petchems
...DER CONSTRUCTION *MOTIVA JV WITH SHELL SPLIT 2Q 2017. ^ORIGINALLY CALLED 'RAPID'. **SITE CHANGED FROM RATNAGIRI. SOURCE: ARAMCO, PARTNERS....
Volume: 62Issue: 33Published at Fri, 16 Aug 2019 -
Saudi Petchems Firms Report Higher First Half Income As Profits Track Oil Price Rise
...ter than normal, as with the first quarter, due to new accounting rules introduced at the end of 2016 (MEES, 12 May). One firm, Alujain whose end-H1 2017 market capitalization was among the smallest at SR1.5bn, said on 17 August that it was unable to publish results on time but would issue them when “re...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
Oman’s Sohar $2.1bn Refinery Expansion Schedule Pushed Back
...mmissioning its expanded Sohar refinery until the first quarter of 2017, having initially aimed to have the plant ready to begin commercial operations by the end of 2016. The refinery’s crude processing capacity is being expanded from 116,000 b/d to 197,000 b/d by UK’s Petrofac and Korea’s Daelim under a $2....
Volume: 59Issue: 33Published at Fri, 19 Aug 2016 -
MENA Nuclear Progress Gathering Pace
...ergy Research Institute (Kaeri) for a three-year study into the feasibility of deploying Korean-designed modular 330MW reactors within the kingdom. Kaeri is building a demonstration plant for start-up in 2017. Jordan and Russia have signed an intergovernmental agreement for the first of two 1GW re...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Qatar Nears Full GTL Output, Eyes Competitors’ Projects
...,000 2014 $9.5bn Chevron (75%) NNPC (25%) Uzbekistan GTL Uzbekistan 33,000 2017-18 $4bn Sasol (44.5%), Malaysia’s Petronas (11...
Volume: 56Issue: 33Published at Fri, 16 Aug 2013