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Saudi Slashes Jan-Feb Oil Burn; Can It Maintain The Progress?
...LUMES OF DIESEL. SOURCE: JODI, MEES. 2:....BUT THE FIRST TWO MONTHS OF 2025 HAVE SEEN SUBSTANTIAL GAINS WITH FEBRUARY OIL BURN* DOWN OVER 200,000 B/D YEAR-ON-YEAR FOR THE LOWEST MONTHLY FIGURE SINCE 2014 (‘000 B/D)... *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OIL BURNED IN PO...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Iraq Targets 1.54mn B/D Refining Capacity With Relaunch Of 150,000mn b/d Missan Plans
...pacity since 2017, when the country was struggling to cope with the aftermath of the 2014 destruction of its largest refinery, the 290,000 b/d Baiji complex, by Islamic State (MEES, 26 September 2014). Mr Sudani says the new refining additions are part of his government’s efforts to maximize the value de...
Volume: 68Issue: 14Published at Fri, 04 Apr 2025 -
Iraq’s New Karbala Refinery Set To Lighten Summer Fuel Import Bill
...finery is providing the first significant modern addition to Iraq’s delipidated refining fleet since at least the 1980s. Nine-years after its 2014 award to a consortium led by Korea’s Hyundai Engineering (MEES, 10 January 2014), the plant began commercial operations earlier this month (MEES, 7 Ap...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Israel Refiners Post Late-2021 Output Rebound
...th Q4’s 87,300 b/d still well shy of capacity. The two plants’ combined gasoline output increased 9% to 67,400 b/d for 2021, although this remains 20% below 2014’s record 84,500 b/d. Diesel – output of which fell by less than that of other transport fuels last year – saw a more modest 4% year on ye...
Volume: 65Issue: 13Published at Fri, 01 Apr 2022 -
Israel Oil Demand Falls To 9-Year Low Amid Record Imports
...cond for 2020 with volumes falling by 43% to 39,900 b/d. The KRG was third on 19,300 b/d, less than half 2019 levels and the lowest annual figure since 2014. However, Israel’s imports of Kurdish crude have surged since the start of 2021, averaging 46,800 b/d for Q1 as a whole, ahead of Azerbaijan on...
Volume: 64Issue: 14Published at Fri, 09 Apr 2021 -
Egypt Cuts Oil Import Bill As Refineries Up The Pace
...ypt, it is fuel oil demand that has fallen the furthest: from a peak of 196,000 b/d in 2014 and 2015, when the country’s gas shortage was at its most severe, to just 76,000 b/d for 2019, by far the lowest figure in Jodi data stretching back to 2002 (see chart 2). Overall, the near 160,000 b/d fall in...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Israel Oil 2018 Data: Gasoline Imports At Record On Refinery Outage
...62mn tons (77,000 b/d) or 2017, a year that saw renovation, a strike and a fire at one of its diesel units (MEES, 1 September 2017). Paz increased its crude throughput capacity from 4.5mn tons (90,000 b/d) in late 2013 (MEES, 29 August 2014). *But overall, the gains at Paz were not enough to make up...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Iraq’s Downstream Dreams: Back To Square One?
...e long-delayed Karbala refinery is the only new refinery making any progress at present. Work on the $6bn 150,000 b/d project was awarded to Hyundai in 2014 (MEES, 10 January 2014) per an EPC contract, but payment problems saw the project – once slated for a 2019 start-up – delayed. Mr Ghadhban te...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Iraq Eyes 70,000 B/D Refinery Boost By End-2018
...rrently stands at 600,000 b/d but that given the decrepit nature of much of the infrastructure it can rarely reach such levels (MEES, 16 February). The refining sector was hit badly by the rise of Islamic State, with the 310,000 b/d Baiji refinery gutted in 2014. Baghdad’s scattergun approach to do...
Volume: 61Issue: 14Published at Fri, 06 Apr 2018 -
Aramco Sees Petchems SMEs As Key To Vision 2030 Transformation
...e Saudi petchems pipeline, Sabic – which produced 64mn tons of petrochemicals in 2014, and is therefore by a long way the main Saudi chemicals player – is involved in a number of smaller, but significant, projects (see table). Despite its size, Sabic is not mentioned in the prince’s Vision 2030 do...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
Saudi Petchem Firms Slide Further In Tough Market, Sabic Looks To Consolidate
...so announced this week that it produced a total 70.5mn tons of plastics, chemicals and metals in 2015, which was 1.1% up on 69.7mn tons for 2014. A common theme in the companies’ first quarter results is reduced income due to lower sales prices, largely due to the indexing of petchems products to cr...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Aramco/Sabic Make Up With Plan For Joint Oil-To-Chemicals Project
...presents a big step along the way. Announcing the start up of the cracker in January 2014, ExxonMobil Chemical president Stephen Pryor told Reuters it is “by far the most feed-flexible cracker we’ve ever built. It can crack anything from light gases to heavy liquids, including crude oil.” Sabic has been st...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
Israel Refineries Flat Out In 2015, Making Most Of Margins
...• Israel’s two refineries continued to run flat out in 2015. While average combined products output was at just under 293,000 b/d, slightly short of 2014’s record 295,000 b/d, operators Bazan and Paz continued to make the most of low crude oil prices. Brent prices averaged just over $50/B in 20...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016 -
Aramco Awards Final Big Jazan Contract; Yasref Ramp-Up Boosts Light Products
...torp refinery at Jubail in 2013, while Aramco and China’s Sinopec completed Yasref at Yanbu’ in 2014 and are currently ramping up crude throughput (MEES, 10 April). Diesel output set a new monthly record of 785,000 b/d in February, taking the average for diesel produced in January and February to 78...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Egypt’s Midor Refinery Signs Up UOP For $1.4bn, 60,000 b/d Expansion
...d 60,000 b/d of crude distillation capacity, it is particularly aimed at expanding output of middle distillates, especially Euro 5 specification diesel and jet fuel, to meet domestic market needs. In 2014 Egypt had to import a record 221,000 b/d of products (see graph). Last year Midor says it im...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Petro Rabigh Plans $1.9bn Rights Issue
...abia’s existing commodity polymers industry (MEES, 17 October 2014). New products for Saudi Arabia from Rabigh 2 will include ethylene propylene diene monomer (EPDM) and thermoplastic olefin (TPO). The expansion will take Petro Rabigh’s output capacity to 5mn t/y of petrochemicals and 15mn t/y of re...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Gulf Refining Activity Slowing After Completion Of Three Mega-Projects
...e Aramco/Total Satorp plant was completed in mid-2014 and the Aramco/Sinopec Yasref plant is building crude runs after starting up in fourth quarter 2014. The refineries take Saudi crude processing capacity to 2.91mn b/d and are enabling a hike in non-crude exports: gross product exports reached 1....
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Egypt Signs Contract With Axens For Assiut Gasoline Unit
...tane gasoline and 200 b/d of butane. Petroleum Minister Sharif Isma’il says the project is part of the ministry’s plan to upgrade existing plants to increase production capacity to meet local market needs. He says the CCR will help reduce gasoline imports. Egypt imported 69,000 b/d of gasoline in 2014...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Sipchem Finishes Gulf’s First EVA/LDPE Plant
...other Sipchem affiliate. The 75,000 t/y butanediol plant has been debottlenecked to provide feedstock for the PBT unit (MEES, 11 April 2014). Meanwhile, equal partners Sadara (Saudi Aramco/Dow Chemical), Saudi Kayan and Saudi Acrylic Acid Company (SAAC) aim to begin trial operations in the third qu...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Tupras Sees $2.7Bn Izmit Upgrader Boosting Refining Margins
...ports to meet commitments to its distribution and retail affiliates. Tupras is hoping to raise its total capacity utilization to 95% – up from 72% for 2014 – once the upgrader is running at full throughput, allowing it to raise its products output to 27.5mn tons for 2015 from 20.1mn tons (42...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015