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Iraqi Fuel Oil Export Surge Raises Smuggling Concerns
...bsidized prices, especially those producing asphalt. Michael Knights, Senior Fellow at the Washington Institute for Near East Policy, has looked closely at the trade, and says “these plants existed since at least 2014 and have bloomed in recent years with licenses issued by the Ministry of Trade and fu...
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
Iraq Eyes 2024 Refining Boost With 150,000 b/d Baiji CDU Re-Build
...rrorist group when it overran the refinery in 2014 (MEES, 26 September 2014). Now, Iraq’s Oil Minister Hayan Abdulghani has set an ambitious target for it “to begin operations” by 1Q 2024. If successful, this would bring back Baiji capacity to its original 290,000 b/d, after the 70,000 b/d Saladin 1 an...
Volume: 66Issue: 44Published at Fri, 03 Nov 2023 -
Saudi Petchems Firms Post Strong Results Despite Pricy Feedstock
...e first nine months of 2021 are already up to $18.09bn. This is likely to lead to the highest full year profits since 2014, even if there is further slippage in Q4. CEO Yousef al-Benyan says the results “marked a continuation of our recovery from the impact of Covid-19, albeit at a lower level th...
Volume: 64Issue: 44Published at Fri, 05 Nov 2021 -
IMO Tightening Sulfur Limits In Bunker Fuels: Will Mena Refiners Cope?
...ovide IMO-compliant fuels is unclear. Libya has three refineries, but these have mainly been shut in by security concerns of late. Libya’s last data submission to Jodi was in March 2014, when the plants processed 116,000 b/d of crude. Output included 33,000 b/d of fuel oil, of which 4,000 b/d was ex...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Saudi Petchems Gets Oil Price Boost; Sabic Chief Warns On Cheap Feedstock Addiction
...ported a bumper third quarter, with combined net profits of SR8.81bn ($2.35bn), up 61% on Q2 to record their highest collective quarterly profit since Q3 2014 (see table). At that time crude oil prices were just beginning their plunge from all-time highs, with Arab Light crude selling for more than $10...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Tightening Bunker Sulfur Specs To Boost Regional Diesel Demand
...most triple in 2015 compared with 2014, from 12,000 b/d to 31,000 b/d. In 2015 Rotterdam provided 180,000 b/d of marine bunker fuel, roughly the same as in 2014. SCRUBBER VS FUEL-SWITCH In theory vessels will be able to continue burning fuel oil with more than 0.5% sulfur, but only if they in...
Volume: 59Issue: 44Published at Fri, 04 Nov 2016 -
Gulf Petchem Firms Eye Additions To Busy Projects Schedule
...sts, and preparing a tender for front-end engineering design (FEED). Completion is scheduled for first quarter 2014. Foster Wheeler was also earlier awarded a contract by Kuwait’s Petrochemical Industries Company (PIC), for a pre-feasibility study and market report for a proposed ar...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Middle East Refinery Capacity To Surge, Says IEA
...ddle East refining expansion will include 400,000 b/d capacity projects in Saudi Arabia and the UAE – due on stream in 2013, 2014 and 2015 – and smaller expansions in Qatar, Iraq, Iran and Oman. Ambitious expansion plans in Kuwait, Bahrain, Oman, the UAE, Iraq and Iran are excluded from the forecast as fi...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012