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Israel’s Paz Eyes ‘Ashdod Oil Refinery’ Spin-Off As Margins Surge
...gh margins this year, though revenues were hit by a full maintenance shutdown between May and July which left Q3’s output of 62,700 b/d the lowest since Q2 2017 (see chart 1). Despite the prolonged Paz outage, Israel’s overall refinery output is on course to post a three-year high, averaging 27...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Iraq’s 2030 ‘Sustainable Transition’ Plan: Gas & Renewables To The Fore
...newables by 2030, and 2.3bn cfd of additional gas processing capacity by 2026. The ministry of oil has an even more ambitious gas plan to add 2.49bn cfd of gas processing capacity by 2027 and to achieve zero flaring by 2030 as per a 2017 pledge made to the World Bank. Details of these plans were ou...
Volume: 64Issue: 48Published at Fri, 03 Dec 2021 -
Gulf Refiners Eye Record 2021 Capacity Boost With Completion Of Delayed Mega-Projects
...aning instead towards a 400,000 b/d facility alongside expanding existing plants by 200,000 b/d. Of Gulf countries only Iran and Qatar do not have new capacity under development, though Iran, having added 480,000 b/d of condensate splitter capacity at the Persian Gulf Star complex between 2017 and 20...
Volume: 63Issue: 52Published at Thu, 24 Dec 2020 -
Kuwait’s Al-Zour Refinery Takes Delivery Of Commissioning Crude
...rm KOC into storage tanks at the new Al-Zour refinery in preparation for commissioning. Once operational, Al-Zour will bring Kuwait’s total refining capacity to 1.4mn b/d which is equivalent to nearly half of Kuwait’s approximately 3mn b/d oil production capacity. Prior to the 2017 shutdown of th...
Volume: 63Issue: 49Published at Fri, 04 Dec 2020 -
Kuwait Clean Fuels Progress Impacts Refining Output
...e highest since mid-2015, suggesting a new, or revamped, gasoline unit is operating (see chart). However, average total products output of 864,000 b/d during the first 10 months of 2019 is only 3% down from the 891,000 b/d for both 2017 and 2018, showing that CFP work to the end of October has no...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Kuwait Nears Boost To Refinery Throughputs, Eyes Al-Zour Petchems
...s two operating refineries. But delays to the clean fuels upgrade project mean that the expansion work is unlikely to be completed until the second half of 2020. KNPC shut down its aging 200,000 b/d capacity Shuaiba refinery at the end of March 2017, leaving Kuwait with just 736,000 b/d ca...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Aramco India Strategy Hit By $26bn Price Hike At Downstream JV
...uld conceivably include high value products such as those produced by Aramco and US firm Dow at their Sadara plant at Jubail (MEES, 28 July 2017). Reliance is “the world’s largest integrated producer of polyester fibre and yarn.” Other products include polymers, aromatics, elastomers and composite ma...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Gulf Refiners Aim For 10% Capacity Hike In 2019
...vaged fleet (MEES, 19 October). This will likely see the region’s refiners process record volumes of crude oil and condensate. Throughputs for the first 10 months of 2018 were 7.26mn b/d, a modest increase on 2017’s record high of 7.24mn b/d (see charts). GULF REFINERY INTAKE* (MN B/D) *DA...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Lebanon’s Ailing Economy: Will The Music Stop in 2019?
...flux of infrastructure spending (capex accounted for only 7% of 2017 government spending; see table), but disbursement hinges on a host of fiscal reforms. A government has yet to be formed despite seven months of political horse-trading following May elections, thus delaying the reforms needed to un...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Algeria Downstream Deals Reflect Sonatrach Strategy Shift
...Having ended transport fuel imports through a swaps deal, Sonatrach has bought an Italian refinery and is targeting overseas petchems. Abdelmoumen Ould Kaddour has adopted a pragmatic approach to Sonatrach’s downstream strategy since taking over as CEO in early 2017. He rapidly canned th...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Iraq Refining Revamp Gathers Pace, But New Capacity Some Time Away
...this project, suggesting that work on Baiji is being prioritized (MEES, 23 October 2015). The latest available data from Riyadh-based Jodi shows that federal Iraq’s refineries processed 520,000 b/d in the first 10 months of 2017, an increase of 110,000 b/d or 24% from the 410,000 b/d processed in...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Aramco: Sasref Upgrade At Home, 2019 Start-Up For Malay Plant
...0 180 Overseas Targets: Anning, China (2017) 260 Ratnagiri, India (20...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Kuwait’s Downstream Diversification Strategy
...tchems long-term – on Oman’s Arabian Sea coast, to which it would supply 150,000 b/d, or 65% of the plant’s feed. With KPC exporting an average 2.03mn b/d of crude in HI 2017, the 350,000 b/d of crude secured for the Vietnam and Oman refineries represent over 17% of total exports. Talks for refining ve...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Bahrain $4.2b Refinery Deal
...ard EPCC in 1H 2017, with a view to having the plant fully operational by end-2020. Now TechnipFMC says the project is “slated for completion in 2022.” Bapco has recently been running the Sitra plant flat out, with 2016 crude throughputs averaging 261,000 b/d and throughputs for the first three qu...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU
...anian year in March 2017 through short-term usance and medium-terms contracts. NPC investment director Hossein Alimorad says the company is talking with two German companies to open credit lines amounting to €12bn ($13bn), with Japanese firms for a total of €10bn ($11bn) including the Marubeni and It...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Aramco Sets Out Petchems Targets As Sadara Plant Inaugurated
...fore a permanent repair could be undertaken (MEES, 7 October). Rabigh 2 was originally scheduled to start up its first units in 2016, but the venture recently announced that construction is now not expected to be completed until the second quarter of 2017. Delays and scope changes have also raised the pr...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Petchems To Dominate MENA 2016 Downstream After 2013-14 CDU Boost
...its during 2017-18. Egyptian state petchems firm Echem is also progressing a number of petrochemicals projects, including two which could potentially be completed in 2016: Ethydco Ethylene, a 460,000 t/y ethane cracker; and the 400,000 t/y Ethydco Polyethylene plant which will process most of the cr...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Sabic And Exxon Start First Saudi Elastomers Plant
...astomers capacity in 2016 or early 2017. The 50/50 Kemya JV was established between Sabic and ExxonMobil’s Exxon Chemical Arabia affiliate in 1980 and began producing polyethylene in 1984. Kemya currently produces 700,000 t/y of ethylene and 1.1mn t/y of polyethylene for sale in the domestic, regional an...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Bahrain Signals Start Of Sitra Refinery Expansion, Targets 2020 Start-Up
...finery. Bapco and Saudi Aramco awarded $300mn of EPC contracts for the pipeline recently, for completion in late 2017/early 2018 (MEES, 25 September). SITRA BY NUMBERS Sitra refinery currently receives crude through an ageing 230,000 b/d pipeline, which is due to be shut down in 2018, from Dhahran in...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Algeria Looks May Trim Refining Plan Further As Reduced Export Revenues Bite
...finery plan, with both initially due for 2017 start-up, to be followed by similarly sized projects at Ghardaia and Hassi Messaoud. Sonatrach started civil works at Biskra in 2012 and officially launched the project in 2013, saying it would finalize deals with contractors by year-end. But the construction de...
Volume: 58Issue: 50Published at Fri, 11 Dec 2015