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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 -
Iraq’s Northern Oil Infrastructure Under Attack From Islamic State
...vember Kasak 10 Restarted in 2017 following IS damage Qayara 14 Restarted in 2017 following IS da...
Volume: 63Issue: 51Published at Fri, 18 Dec 2020 -
DME Oman: Assessing A Key Middle East Benchmark
...E Oman to regional NOCs and support them in finding the fair value of crude oil.” The biggest target for DME would be Iraq, which was considering switching from Platts Oman-Dubai to the DME Oman/Platts Dubai combination in 2017 (MEES, 15 September 2017). With production capacity of 5mn b/d, Ir...
Volume: 63Issue: 51Published at Fri, 18 Dec 2020 -
Benchmark Crude Prices ($/B)
...p20 Q3 2020 Q2 2020 Q1 2020 2020 (>10Dec) 2019 2018 2017...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Energean Eyes Full Control Of Key Israel Subsidiary
...London-listed Greek firm Energean is in talks to take full control of its Energean Israel subsidiary by buying-out 30% partner Kerogen Capital. Kerogen initially in February 2017 paid cash-strapped Energean $50mn for a 50% stake in its core Israel assets, before the Greek firm exercised an op...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
UAE Nuclear Power Plant Hits Full 1.4GW Capacity On Test
...pco connected Barakah-1 to the grid in August. Before the plant begins commercial operation, it will be shut down for a check outage “for several months.” The first Barakah reactor was originally slated for 2017 start-up, with the three similar units to follow at yearly intervals. But a scandal ov...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Egypt’s Power & Gas Demand Rebound From Covid Slump
...20.0TWh for August, the first month since February not to be down year-on-year, and the third highest figure on record behind July 2017 and 2019 (see chart 1). *And the latest gas consumption stats, which are for September, suggest that power generation has continued to rise. The country’s ov...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Libya’s Monthly Output Tops 1mn B/D
...tural decline is certainly one factor, the main reason for the slump was due to Istiklal’s second production unit being shut down since 2017. Having now restarted on 28 November, this should provide a healthy boost – eventually, at least. Sirte Oil says the restart of the second unit will allow its en...
Volume: 63Issue: 50Published at Fri, 11 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 Slashes Crude Burn As Weather Cools
...tal electricity generation of 6.6TWh was the lowest October figure since 2017. The biggest relief for Kuwait was arguably that it was able to significantly curb the amount of crude oil burned, which fell to a six-month low of 55,000 b/d for October (see chart 2). However, despite being down from mo...
Volume: 63Issue: 49Published at Fri, 04 Dec 2020