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QatarEnergy Crowns LNG Conference With Two Major Supply Deals
...silient energy future for the nation.” The deal was notable given that Japanese imports of Qatari LNG have been on a steep downwards trajectory over the past decade, dropping from a record 16.14mn tons in 2014 to just 3.42mn tons last year (itself an improvement on 2024 levels) as long term sales co...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
MEES Interview: Iraq’s Deputy Oil Minister For Refining Affairs Hamid Younes
...eir secondary units – with a total nameplate crude processing capacity of 290,000 b/d. The Shamal (North) refinery was the largest at 150,000 b/d, but like the 70,000 b/d capacity Baiji-1 and similarly sized Baiji-2 was destroyed by the Islamic State terrorist group in 2014 (MEES, 26 September 2014...
Volume: 67Issue: 07Published at Fri, 16 Feb 2024 -
QatarEnergy To Take Over LNG Marketing Role
...naging Director (subsequently CEO) in 2014 (MEES, 19 September 2014). Mr Kaabi’s tenure has been characterized by three primary tenets – aggressive expansion, streamlining of operations and squeezing IOC partners. This latest initiative arguably facilitates all three and underlines the extent to wh...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Saudi Arabia’s Oil Export Revenues Jump To Three Year High
...art 1), while the $64.2bn Q4 figure was the highest for any quarter since prices first collapsed in late 2014. The increase came despite Saudi Arabia’s crude oil production dipping by 100,000 b/d to an 11-year low of 9.12mn b/d for 2021, with gross oil exports in turn dropping to an 11-year low 7.56mn b/d ac...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Saudi Arabia’s Sabic Hails Exceptional 2021
...Sabic recorded earnings of $6.14bn for 2021, the highest since 2014. While Sabic may boost revenues in 2022, the firm expects profits to dip from last year’s “exceptional” highs due to rising feedstock prices. Saudi petchems giant Sabic raked in its highest profits in seven years for 2021 as...
Volume: 65Issue: 05Published at Fri, 04 Feb 2022 -
Egypt Petchems Sector Boosted By Gas Revival, Eyes Expansion
...ES, 8 May 2015). Data from state firm Echem – partner in most Egyptian petchems projects – show its output rebounding from 1.47mn tons for the 2014-15 financial year to 3.8mn tons for 2016-17. PETCHEMS STRATEGY President Abdel Fattah al-Sisi met with oil minister Tareq El Molla and ot...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Saudi Reaps Rewards Of Downstream Investment
...erall trade surplus over the first 11 months of last year was $149.4bn, already $62bn more than over the whole of 2017. The full-year 2018 trade surplus will likely fall just shy of 2014’s $168.6bn. LOOKING AHEAD Saudi Arabia has cut production more deeply than mandated under the terms of...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Sabic Reports Higher Profits As It Prepares For Aramco Buy-In
...nference that the results reflect the “success of the company’s transformation initiative, which was designed to make Sabic even more competitive globally.” The 2018 net profit was the biggest since 2014’s $6.23bn, though short of 2013’s record $6.74bn. Mr Benyan says Sabic’s business transformation in...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Iraq Northern Refining Boost At Baiji
...ptember although Oil Ministry statements suggest current capacity may be as low as 47,000 b/d. The refinery had been offline since it was ransacked by Islamic State (IS) in 2014 (MEES, 26 September 2014). Because of the extensive damage to all three Baiji units (the two 70,000 b/d older Salahuddin un...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Iraq Reboots Downstream Development Drive
...imacy of rehabilitating the Baiji refinery, formerly Iraq’s largest at 310,000 b/d but now offline after being gutted by the Islamic State in 2014. Achieving “some level of operations” at the Baiji refinery is “the most urgent requirement within the petroleum sector,” the document says, adding that “it...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Egypt: Increased Gas Availability Boosts Petchems Producers
...stallations were not directly affected, instability deterred investment, as did the cash-strapped Islamist government of Muhammad Mursi’s inability to pay IOCs for their oil and gas production. Gas output collapsed from 6bn cfd in 2011 to 4.7bn cfd in 2014 and a 12-year low of 3.9bn cfd in H1 2016. At le...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Iraq Hypes Over-Ambitious Refining, Export Capacity Targets
...ve more luck with the Fao plant given that products output is slated for the export market. The only one of Iraq’s new refineries to progress is a 140,000 b/d plant at Karbala for which a $6bn EPC contract was awarded in 2014 to a Korean consortium led by Hyundai E&C. But work here has been sporadic, wi...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Algeria Eyes Refinery Bidders As Gasoline, Diesel Consumption Dips
...7,000 b/d of crude in 2016, according to official data provided to Jodi. This is the same volume as for 2015 and 2.7% down from peak throughput of 593,000 b/d in 2014. While Algeria’s total products consumption – which fell 2.2% to 403,000 b/d in 2016 from a record 412,000 b/d in 2015 – is significantly be...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Algeria’s Sonatrach Lines Up Majors For Petchems Projects
...0,000 t/y high-density polyethylene (HDPE) unit and a 410,000 t/y monoethylene glycol (MEG) unit. Talks stalled over gas prices and the gas delivery point (MEES, 19 December 2014). Sonatrach has also signed a preliminary agreement with Engineers India Ltd (EIL) for a study into rehabilitating an et...
Volume: 60Issue: 05Published at Fri, 03 Feb 2017 -
KRG Refining Down As Producers Prioritize Exports
...0,500 b/d in 2015, up slightly on 2014’s previous record of 99,700 b/d. But run rates fell to 72% for 2015 as a whole and averaged just 60% for the last four months of the year, down from an average of 80% for 2013 and 2014. The three plants’ total crude distillation capacity is 139,000 b/d split be...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Iran Inks First Post-Sanctions Petchems Deal: Will It Catalyze Sector Revival?
...ickly by rising supply from South Pars. NPC production control director Ali Bossaqzadeh says NPC output is expected reach 47mn tons in the current Iranian year (ending 20 March 2016) and 52mn tons for 2016-17 up from 44mn tons for 2014-15. Iran’s Oil Minister Bijan Zanganeh this week projected NPC wo...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Kuwait Refining Earnings Undermined By Weak Product Export Prices
...eraged 277,000 b/d for Q1-3 2015, up 55% on 2014’s 178,000 b/d. KNPC’s earnings from domestic sales are fixed at heavily subsidized prices. With pressure rising on Kuwait to cut subsidies, Mr Mutairi tells official news agency KUNA that the cost of refining oil in KNPC’s refineries is in the range $4-...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Saudi Arabia Aims For Key Role In Global Products Supply With $20Bn Jazan Plans
...ans for the region’s development, that the idea is to create value from the country’s oil and gas reserves, to serve as the engine for growth in the industrial sector rather than rely solely on crude oil exports. Latest official data submitted to the Joint Organizations Data Initiative (JODI) for 2014...
Volume: 55Issue: 09Published at Fri, 27 Feb 2015 -
Saudi Refiners End Record-Breaking 2014 On A Crude Processing High
...SAUDI ARABIA Saudi Refiners End Record-Breaking 2014 On A Crude Processing High Saudi refineries processed a record 2.22mn b/d of crude oil in December, buoyed by the ramp-up of production at the 400,000 b/d Satorp refinery in Jubail (see p12). Further records will follow this year wi...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Saudi Runs, Product Exports Hit Record As Downstream Push Continues
...e Yasref start-up takes overall Saudi CDU capacity to a record 2.9mn b/d. But with December’s throughputs only 76% of this, more records can be expected in the coming months. > Saudi Arabian crude output edged up to 9.71mn b/d in 2014, the second highest (after 2012) since production briefly to...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015