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Jordan Looks To Climb On The Green Hydrogen Bandwagon
...ovided 27% of Jordan’s 2022 power, up from just 1% in 2014. But the ambitious plans face many challenges, including a severe water shortage. A 2019 Jordanian-German Energy Partnership said that despite Jordan’s “promising” potential for green hydrogen, including a “mature chemical industry” and ex...
Volume: 66Issue: 49Published at Fri, 08 Dec 2023 -
Saudi Arabia Increases 2023 Budget Expectations
....3bn, and to rise further to $41.9bn in 2023. These capex figures remain well below historic levels. Saudi capex peaked at $85.2bn in 2014 before being cut as oil prices dropped. But it was still running at $45.9bn in 2019 before the Covid-19 pandemic. The low planned capex figure for this year wa...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
Iraq’s 2030 ‘Sustainable Transition’ Plan: Gas & Renewables To The Fore
...ld up by the Islamic State’s 2014-2015 rise, and in 2018 Iraq took the field away from a consortium led by Turkey’s TPAO. Even now, MEES understands that the Sinopec deal “has yet to be finalized.” As for Akkas, talks with the Saudis led by oil minister Ihsan Ismaael seem to have gone nowhere, an...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Aramco Prices IPO
...ibaba’s $25bn 2014 listing in nominal terms at least. Aramco confirms that Stabilizing Manager Goldman Sachs may yet increase the share issuance by 15% (450mn shares) to stabilize the market price. The stabilization period is 30 days from the date at which shares begin trading, and if implemented the move wo...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Lebanon’s Ailing Economy: Will The Music Stop in 2019?
...)… vs 1H17 1H17 2014 2015 2016 2017 1H...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Iraq Refining Revamp Gathers Pace, But New Capacity Some Time Away
...inia and Kasak plants. Baiji was Iraq’s largest refinery, with 310,000 b/d crude processing capacity, before it was damaged in fighting between Iraqi forces and Islamic State (IS) jihadists in June 2014. NRC is now rebuilding the Salahuddin-1 and -2 units at Baiji, which before IS overran the site ea...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Aramco & Sabic Think Big With $20bn Oil-To-Chemicals Plans
...an Exxon’s 1mn t/y crude-to-olefins unit at its 592,000 b/d Singapore refinery. Started in 2014, this uses a proprietary design which “can crack anything from light gases to heavy liquids, including crude oil,” the firm says. Aramco and Sabic are eyeing the Red Sea Port of Yanbu as a site, al...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU
...d of ethane and 100,000 b/d of NGLs (MEES, 10 October 2014). Whether 3.7bn cfd of extra methane and ethane feedstock is available depends on Iran’s completion of further phases of South Pars, on gas burning in power plants and on gas exports. However, Total and Shell appear to be planning to si...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Petchems To Dominate MENA 2016 Downstream After 2013-14 CDU Boost
...0,000 b/d Satorp and Yasref joint venture refineries started up in 2013 and 2014, respectively, with both now at full capacity. Abu Dhabi’s Takreer has also reached full capacity at its 417,000 b/d Ruwais Expansion refinery. Much of their output is destined for export – and greater income than for heavily su...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Aramco Seeks $5bn Yasref Funds Taking Total Over $20bn
...me of the financial pain felt by other oil companies with crude prices down 65% since June 2014, it has major project expansions under way, not only in the upstream, but also in refining and – in a strategic extension of its operating ‘territory’ – into petrochemicals. Aramco has not publicly es...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Bahrain Signals Start Of Sitra Refinery Expansion, Targets 2020 Start-Up
...ouping the US major with compatriot contractor CB&I, for technology licenses and engineering design for the residue and vacuum gasoil hydrocrackers (MEES, 24 October 2014). FEED work was initially scheduled for completion by the end of 2015, with a view to EPC contract awards in 2016 and completion in...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Rabigh 2 Joins Petchems Start-Up Queue, Saudi Capacity Surge Nears
...dara said the unit would need rebuilding, although a SR113.4mn ($30.2mn) insurance claim will cover the rebuilding cost. UAE’s Borouge 3 polyolefins plant started up in 2014, but has still not reached full capacity because of ethane feedstock constraints (MEES, 5 June). The company now expects to re...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Jordan Cuts Handouts
...ndling fees. The latest pricelist effective 1 December cuts the price of 90 Octane unleaded gasoline by 17.4% from March 2014 (see table). Jordan Product Prices (Fils*/Liter, Unless Otherwise Stated) Dec ‘14 vs...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Kuwait Plans Big Downstream Strides, But Takes Small Steps
...gineering, procurement and construction (EPC) contracts for both Al-Zour and the clean fuels project in 2014. Kuwait Petroleum Corporation (KPC) market research manager Nagham al-‘Umar told the Platts Oil Markets Middle East conference in Dubai on 11 December that Kuwait’s refineries are currently pr...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Saudi Petchems Firms See Technology As Key To Specialized Markets
...chloride SABIC 2014 140,000 t/y ABS SABIC/Mitsubishi 2014 250,000 t/y MMA, 40,000 t/y PMMA Sipchem 2014 63,000 t/y polybutylene te...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Petchem Firms Face Saudi Ethane Supply Restrictions
...oject is a dual‐feed cracker which will produce 1.5mn t/y of ethylene and 400,000 t/y of propylene. Sadara, however, scheduled for a 2014 startup, is unlikely to be on stream before 2016 – it has not yet started building the cracker, which will take three years. Saudi Aramco CEO Khalid al-Fa...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012