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Iraq Hopes To Slash Products Imports By 60% From Next Year
...cord levels this year. The Karbala project had seen years of delay since its EPC contract was awarded in 2014 to a Korean consortium led by Hyundai Engineering (MEES, 10 January 2014). Former oil minister Thamir al-Ghadhban told MEES in 2019 that delayed payments by the government were the culprit (ME...
Volume: 65Issue: 33Published at Fri, 19 Aug 2022 -
Kuwait Completes First Package Of Mina Abdullah CFP
...oduction of Euro 5 specification fuels. Contracts worth $12bn were awarded in 2014 with construction work scheduled to be completed in late-2017 (MEES, 14 February 2014). After years of delays CFP is now approaching completion. The latest landmark came as US contractor Fluor announced on 18 August that it...
Volume: 63Issue: 34Published at Fri, 21 Aug 2020 -
Iraq Readies Baiji Unit
...Iraq is ready to restart one of three units at the Baiji refinery in Salahuddin province, which was badly damaged by Islamic State jihadists in June 2014. A unit which had 70,000 b/d crude distillation capacity before the destruction is now expected to process 60,000 b/d. “The re...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Israel Refiners Pump At Record Levels
...17). 2018 should see a reverse of that trend. First half gasoline output of 88,500 b/d puts Israel on track to top the previous annual output record of 84,500 b/d set in 2014 (MEES, 25 March 2015), whilst Bazan in its first half report says that national consumption of transport fuels gasoline, diesel an...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Saudi Petchems Firms Report Best Profits Since Crude Price Collapse
...Sabic attributes best quarterly earnings since 2014 to improved volumes and higher selling prices, whilst Aramco’s petchems JVs begin to pay back huge investments. The 14 petrochemicals companies traded on the Saudi stock Exchange (Tadawul) reported combined net profits of SR10.79bn ($2....
Volume: 61Issue: 32Published at Fri, 10 Aug 2018 -
Cash-Rich Gulf State Refiners Seek Overseas Capacity, Integration
...d return of international sanctions over Tehran’s nuclear program. Iraq has 600,000 b/d of refining capacity, with the 310,000 b/d Baiji refinery still offline after being badly damaged by Islamic State jihadists in 2014. Government funds are overstretched, so that the Ministry of Oil has of...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Kuwait: Al-Zour Re-Award But Delay Likely
...am al-Marzuq says samples will be analyzed to determine the source. The spill is unlikely to hasten a solution to a dispute between Kuwait and Saudi Arabia over Neutral Zone operations, which has seen 300,000 b/d Khafji field shut in since October 2014 and the 200,000 b/d onshore Wafra field si...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Dubai 50% Splitter Boost
...s share of the UAE diesel, jet fuel and LPG markets. Enoc expanded the capacity of its twin-splitter Jebel Ali plant from 120,000 b/d to 140,000 b/d in 2012. Further expansion has been planned for some time, with Enoc awarding US engineering firm KBR a front end engineering design contract in 2014...
Volume: 59Issue: 34Published at Fri, 26 Aug 2016 -
Iran Lines Up Linde To Design Cracker In Giant 12th Olefin Complex
...mpany (NPC) – which originally conceived and planned the project, before it was handed over to Kian in 2014 under government’s privatization push – said that the project was still at the preliminary design stage at the end of 2014. Linde has been lined up to design the project’s cracker and 13...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Kuwait Could Push Back Key Projects: Are Downstream Plans At Risk?
...mfortably below $50/B, implying a 49% fall from 2014’s $98bn to $50bn in Kuwait’s oil export revenues if prices remain at similar levels for the remainder of 2015 (see p10). In addition to the slide in prices, the shut-in of 500,000 b/d of shared Saudi/Kuwaiti Neutral Zone output has further hit the co...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Kuwait Awards Final Contract For Al-Zour Refinery With Ageing Shuaiba Down Again
...troleum Council for a 22% budget hike. It was only with the appointment of current Minister of Oil ‘Ali al-’Umair in December 2013 that the Al-Zour refinery and a planned clean fuels project at Kuwait’s three existing refineries progressed beyond the debating chamber (MEES, 2 May 2014). Three projects wo...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
MENA Nuclear Progress Gathering Pace
...mpleted the installation of a second reactor vessel at Barakah in UAE, having completed its first reactor in May 2014. The UAE is building four 1.4GW nuclear plants, which the Emirates Nuclear Energy Corporation (ENEC) maintains are on schedule for start-up at a rate of one per year in 2017-20. ENEC has in...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
Egypt Signs Deals For CDU, Diesel Units In Push To Meet Rising Demand
...isomerization unit (MEES, 19 June). DIESEL DEMAND Egyptian diesel demand is on track to set new records this year: consumption for Jan-May 2015 averaged 274,000 b/d, up from 2014’s 266,000 b/d. EGPC’s efforts to revive diesel output are also already showing through in the data: from a peak of...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Orpic/Samsung Go To Court Over Sohar Revamp
...finery by 81,000 b/d to 197,000 b/d, while boosting upgrading capacity (MEES, 29 November 2013). Orpic held a groundbreaking ceremony for the Sohar revamp in June 2014, after securing a $2.8bn loan from a consortium of 21 financial institutions (MEES, 6 June 2014). Orpic expects to complete the refinery ex...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Israel Refineries Hit Throughput Record, Diesel Exports Boom
...ISRAEL Israel’s refinery output hit a record 291,000 b/d for the first half of 2014, up 16,000 b/d on a year earlier as the country’s second largest plant in Ashdod completed a significant upgrade. Exports, especially of diesel, are rising even faster. Israel has been rapidly sh...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
GTL Back On The Radar For Mideast Downstream Planners
...oposed Iran Sarv/IDRO GTL Pilot, Saveh †1 2014 Iran RIPI Qeshm GTL, Qeshm Island 3 20...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
DRPIC Tenders Duqm Refinery Site Prep
...rk tender is expected to be followed by prequalification for an engineering, procurement and construction (EPC) contract for the refinery in third quarter 2014. DRPIC appointed Shaw Group as project management consultant for the 230,000 b/d refinery in August 2012. The US contractor’s energy and ch...
Volume: 57Issue: 34Published at Fri, 22 Aug 2014 -
Satorp Refinery Units ‘All Operational’, Says Total
...pears to not yet be onstream. Nevertheless, the refinery’s ramp-up has cut in to Saudi crude exports, whilst boosting products exports to near record levels. Saudi refinery runs averaged 1.85mn b/d during October 2013-May 2014, compared with 1.52mn b/d in the previous eight-month period. Throughputs re...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Aramco/Sumitomo Agree Handover Of Rabigh-2 To JV Operating Company
...urth quarter of 2014. The existing Petro Rabigh complex produces 18.4mn tons/year of petroleum products and 2.4mn t/y of chemicals. Rabigh-2 will produce up to 4.85mn t/y of high value chemicals. Petro Rabigh estimates the cost of the Rabigh-2 plant at SR32bn ($8.5bn), and says it will be online in 20...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Iran Lays Giant Condensate Export ‘Refinery’ Bait For Foreign Investors
...ported 95mn liters (almost 20,000 b/d) of Euro-4 gasoline in July. Latest figures from JODI show that Iran’s total gasoline imports averaged just over 20,000 b/d for the year to April 2014, with a peak of 48,000 b/d of imports in February this year (see chart). Iran Gasoline Supply (‘000b/D) Ir...
Volume: 57Issue: 32Published at Fri, 08 Aug 2014