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  1. 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: 65
    Issue: 33
    Published at Fri, 19 Aug 2022

  2. Oman: Fitch Upgrade

    ...scat is looking to streamline its debt portfolio having “prepaid the remainder of the pre-export financing facility taken out in 2017 ($1.3bn) and repaid a maturing $3.6bn loan from China.” The Fitch upgrade follows that of S&P which upgraded Oman to ‘BB’ with a stable outlook in April 2022.   ...

    Volume: 65
    Issue: 33
    Published at Fri, 19 Aug 2022

  3. Algeria’s Petchems Push

    ...mething of a resurrection of previous plans that have struggled to advance (MEES, 3 February 2017). Of the two, one is a 1mn t/y mixed feed cracker slated for the industrial zone at the port of Skikda, while the other is a new methanol plant at Arzew for which previous plans stated a 1mn t/y ca...

    Volume: 65
    Issue: 33
    Published at Fri, 19 Aug 2022