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Kuwait’s KNPC Begins Clean Fuels Commissioning
...om 270,000 b/d to 454,000 b/d and reduce Mina al-Ahmadi’s from 466,000 b/d to 347,000 b/d. KNPC originally aimed for start-up of the CFP in late 2017, but as is often the case in Kuwait the schedule has slipped. The latest official start-up target is by the end of 2019, but slippage to 2020 looks in...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Oman Eyes Exciting Oil Potential As Production Limits Ease
...ec+ deal, output has edged up in 2018. Mr Rumhy put the reduction from the November 2016 record at “around 40-45,000 b/d,” although if anything this is a conservative estimate with November 2017’s 963,000 b/d more than 50,000 b/d below November 2016’s 1.015mn b/d and 7,000 b/d below Oman’s allocation of...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Oman Eyes LNG Expansion As It Deals With Newfound Gas Abundance
...an’s LNG exports had been in doubt; Mr Rumhy says the Sultanate had considered turning to LNG imports in addition to the 2bcm/y it already imports from Qatar at discounted rates through the Dolphin pipeline. Oman’s eight LNG customers for 2017 imported a collective 8.24mn tons (the discrepancy with ex...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Iraq Crude Exports Smash Record As Protests Grip Basra
...likely that a substantial increase would be sustainable (MEES, 6 July). Iraq previously ramped up southern exports in late 2017, culminating in a record 3.53mn b/d in December. But the pressure took its toll and by April volumes were down at 3.34mn b/d as the ageing pipeline to the decrepit Khor Al-Am...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Opec Output Jumps Ahead Of Crunch JMMC Meeting
...location ‘Allocation’ from Jan17 1H 2018 vs1H 2017 1H 2017 2017 20...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Global Supply: Brazil Undershoots
...Brazil has been touted by the IEA and other analysts as likely to provide a key boost to this year’s non-Opec crude output. But with data in for the first seven months of 2018, the country’s output, at 2.58mn b/d, is actually down on the 2017 average of 2.62mn b/d (and 2.63mn b/d for January-Ju...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Libya: Exports Up But Loading Uncertainty Means More Goes Long-Haul
...ditional four 1mn barrel cargoes headed for China, it also saw the first ever Libyan cargo sail for Taiwan (Sharara crude from Zawiya port) and 1mn barrels from Zueitina headed for Malaysia. China rose to become Libya’s fifth largest crude customer for 2017 with 65,000 b/d (MEES, 6 April) – behind the Me...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Libya Oil Revenue: Up 80%
...Libya’s oil output and exports remain anything but stable. But output, at 920,000 b/d for the first seven months of 2017, was up 24% on the same period a year earlier whilst oil prices, at just shy of $70/B for Libya’s Es Sider crude, were up 40% over the same period. Added together this ha...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Adnoc’s Downstream Squeezing More Out Of ‘Bottom-Of-The Barrel’
...ed to make anodes for separating aluminium from bauxite ore, so the coker’s output will likely be mainly destined for UAE aluminium plants. The UAE is the world’s sixth largest aluminium producer with 2.6mn tons of 2017 output. Next to be completed will be the plant’s carbon black unit, which wi...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Mena Coal Plans Get Big Boost From Egyptian Project With Chinese Cash
...59 Handed over by Sepco 3 in July 2017 Awarded: 9.79 44.54 Safi Mo...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Japan Set To Follow South Korea and France In Halting Iran Oil Imports
...thout this, firms don’t want to risk damaging commercial links with the US. Japan imported 162,000 b/d from Iran in the first half of 2018, a figure broadly in line with the 170,000 b/d it imported over the course of 2017 (see chart). Q2 volumes of 130,000 b/d were down from 193,000 b/d the previous qu...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Sonatrach LPG Train Award
...-15mn m³/d (350-530mn cfd) of gas for processing (MEES, 15 September 2017). Tecnimont expects the contract to be formally signed this month, after which project completion should take 30 months....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Mubadala: Russian Expansion
...e new makeup is Gazprom Neft 49%, Mubadala Petroleum 44%, RDIF 5%. Gazpromneft-Vostok operates 13 fields in the Tomsk and Omsk regions of Western Siberia. Output in 2017 was 1.6mn tons (approximately 33,000 b/d) and Gazprom Neft says crude is exported though the Eastern Siberia-Pacific Ocean pi...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Aramco: Korean Study, Rapid Progress
...ke 50% of the JV last year (MEES, 3 March 2017) and will have the option to supply up to 70% of the plant’s crude feedstock.tronas has the remaining 50%....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Algeria Gas Hopes Dashed As Touat Start-Up Pushed Back To 2019
...Algerian gas output will see a second straight year of decline this year with the company’s key expansion project, 4.5bcm/y Touat led by private equity firm Neptune Energy pushed back to 2019. The country’s sales gas production fell marginally to 94.5bcm for 2017 despite the start-up of th...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Crude Official Selling Prices ($/B)
...*VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Rosneft At Vanguard Of Russian Firms’ Mena Advances
...so included Trafigura, bought out 98% of India’s Essar Oil for $13bn. Rosneft has 49% of the company. Essar imported an average 151,000 b/d from Iran in the first seven months of 2017 according to Reuters, down 5% from the same period last year, some 42% of its total crude slate. India is Iran’s se...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Indian Crude Imports ('000 B/D): Saudi Continues To Lose Market Share To Top Supplier Iraq
...*PERCENTAGE CHANGE EXPRESSED IN PERCENTAGE POINT TERMS. SOURCE: INDIA CUSTOMS, MEES. INDIA’S TOP 3 CRUDE SUPPLIERS ('000 B/D): IRAQ HAS DECISIVELY OVERTAKEN SAUDI FOR TOP SPOT SINCE THE START OF 2017 WORLD’S TOP 5 CRUDE IMPORTERS: SAUDI VS IRAQ ALL EX...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Egypt Fuel Oil Upgrading Plans Struggle To Keep Up With Demand
...pacity for Euro V diesel. Overall ERC output capacity will be 4.2mn t/y. Egypt’s diesel demand averaged a record 305,000 b/d in the second quarter of 2017, up from 2016’s annual record of 297,000 b/d. The country’s diesel output has meanwhile flatlined at around 140,000 b/d since 2012, leaving Egypt re...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Iraq Sparking Up Gas-Fired Capacity, Despite Fuel Supply Constraints
...gh and pipeline imports from Iran have begun. Yet the amount of new generating capacity due online means that gas supplies will remain overstretched for the foreseeable future. Iraq’s peak power load was 14.35GW in 2016; in 2017 it is expected to be 7.7% higher at 15.45GW, according to the fe...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017