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QatarEnergy Crowns LNG Conference With Two Major Supply Deals
...ES, 7 July 2017). When FID was finally taken on the $29bn NFE in 2021, first gas was targeted for 4Q 2025 (MEES, 12 February 2021). But LNG projects are notoriously complex and prone to delays, and NFE has been no exception, with the startup of the first train pushed back. The latest guidance of...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Qatar Breaks Ground At $6bn Petrochemical Complex
...pacity in 2017, the facility’s scale has twice been revised up, to 1.9mn t/y in 2019 and subsequently to 2.08mn t/y. The new complex is slated for late-2026 start up when it will lift Qatar’s total petrochemicals capacity to 14mn t/y (MEES, 13 January 2023). The laying of the foundation stone ma...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024 -
Oman’s Long-Awaited 230,000 b/d Duqm Refinery Gets A Right Royal Reception
...y to inaugurate the Middle East’s newest refinery. The ceremony caps nearly twenty years of planning and work on the refinery (MEES, 4 December 2006), with start-up repeatedly delayed from its original 2012 plan (MEES, 12 October 2012). Kuwait joined the $9bn project in 2017 with the signing of...
Volume: 67Issue: 06Published at Fri, 09 Feb 2024 -
Saudi Arabia’s Luberef Secures Samref VGO
...ceives up to 50,000 b/d of RCO through pipeline connections to Yanbu’s refineries, while the Jeddah plant has had to receive its 24,500 b/d via tanker since the Jeddah refinery shut in 2017 (MEES, 24 November 2017). Yanbu RCO supplies were increased by 5,000 b/d in June 2023 under a new 12-month su...
Volume: 67Issue: 05Published at Fri, 02 Feb 2024 -
QatarEnergy To Take Over LNG Marketing Role
...e in one place. And the savings are huge. Two billion riyals operating costs saved annually” (MEES, 8 December 2017). The post-RasGas system had grown somewhat less unified of late, with QatarEnergy establishing its own LNG trading team. The new entity was announced in November 2020 with a ma...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Saudi Arabia’s Oil Export Revenues Jump To Three Year High
...salination. Combined crude burn and fuel oil consumption (the majority of which is burned) dipped slightly last year from 1.02mn b/d to 1.00mn b/d, but this was still the second highest annual figure on record. Since 2017, fuel oil burn has outstripped crude burn. But while fuel oil consumption dropped by 5% la...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Egypt Downstream: ERC Boosts Output & Exports To 2020 Records Despite Covid Slump
...4,000 b/d, and overall oil demand was down 13% at 605,000 b/d, a 14-year low (see chart 3). Fuel oil fell the furthest, to just 34,000 b/d, a fifth of 2017 levels, as the country’s gas surplus (MEES, 12 February) enabled the all-but ending of the burning of fuel oil in power plants (see p15). *Last ye...
Volume: 64Issue: 08Published at Fri, 26 Feb 2021 -
Saudi Arabia’s Oil Sector In 2020: Assessing A Tumultuous Year
...amco began ramping up operations at the 400,000 b/d Yasref JV refinery in 2015 (MEES, 9 January 2015). Domestically, demand for refined products had already been trending down after peaking in 2017 due in large part to the reduction of subsidies on gasoline and diesel in recent years. Gasoline de...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Oman 2020 Refining: Output Down, Exports Up, Jet Crashes
...Oman’s two refineries, 197,000 b/d Sohar and 106,000 b/d Mina al-Fahal, saw a second consecutive dip year-on-year in key products yields in 2020 though volumes remain well ahead of pre-2018 levels. The Sultanate saw a major capacity boost when Sohar was upgraded in 2017 (MEES, 23 February 20...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Aramco Plans Ras Tanura Shutdown
...edstock processing is carried out in a 325,000 b/d crude distillation unit and a 225,000 b/d condensate splitter. The CFP contract, awarded to Spain’s Tecnicas Reunidas in early 2017, adds three main upgrading units – a 138,000 b/d naphtha hydrotreater, a 90,000 b/d continuous catalyst reformer (CCR) an...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Egypt’s Asorc Awards Assiut Hydrocracker
...kely optimistic given the preliminary nature of the latest contact. Asorc is one of a number of Egyptian refiners planning to improve Egypt’s refining sector. After processing an average 76,300 b/d of crude in financial year 2017-18, Asorc has announced plans for 4.1mn t/y (82,300 b/d) throughput in...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
GCC Petchems Producers Push Recyclable Plastics
...edstock from recycled PET bottles. The company aims to increase production, currently at Schopkau in Germany, to industrial scale. PLASTICS END-USE BY RESIN (2017, MN TONS) SOURCE: IEA ‘FUTURE OF PETROCHEMICALS’, OCT 2018. GLOBAL OIL* USE IN PETCHEMS SET TO RISE-IEA PROJECTIONS^ (MN...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
Egypt Petchems Sector Boosted By Gas Revival, Eyes Expansion
...gasoil, 210,000 t/y of benzene and 485,000 t/y of petcoke as well as 600,000 t/y of polyethylene and 380,000 t/y of polypropylene (MEES, 22 September 2017). E-Styrenics has awarded contracts to local firms for a 300,000 t/y styrene plant at Alexandria. This will process ethylene and benzene to pr...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Saudi Reaps Rewards Of Downstream Investment
...cord and just 1mn barrels shy of the monthly record set in February 2017. Even while being helped by drawdowns, the production surge will have placed a toll on infrastructure and may have contributed to recent, partial outages at the 1.5mn b/d offshore Safaniyah field reported by Reuters. The up...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
IMO Bunkering: Regional Refiners, Ports Prepare Amid Industry Uncertainty
...8 ships in 2017 to 143 in 2018, with 135 more on order. World-leading LNG producer Qatar sees big potential for LNG bunkering, with energy minister and Qatar Petroleum chief executive Saad Sherida al-Kaabi saying that “there is real potential for demand to reach 50mn t/y by 2030” (MEES, 26 Ja...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
IMF: Praise, $2bn For Egypt
...rong remittances, while unemployment has declined to its lowest level since 2011.” A combination of “the authorities’ fiscal consolidation efforts and high nominal GDP growth” means Egypt’s public-debt-to-GDP ratio “declined markedly” from 103.2% for 2016-17 to 92.6% for 2017-18 and a forecast 86...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Sabic Reports Higher Profits As It Prepares For Aramco Buy-In
...3mn). Part of Sabic’s internal transformation includes bundling together assets in some of its less strategic businesses. Q4 2018 saw Sabic’s fertilizers businesses transferred to the standalone Sabic Agri-Nutrients Investments subsidiary. The unit, which in 2017 accounted for around 10.5% of total Sa...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Oman Gets Long Awaited Output Boost From Sohar Refinery
...SI). Output of diesel, gasoline, jet-kerosene and LPG amounted to 204,000 b/d, compared with 177,000 b/d in Q4 2017 and 171,000 b/d for 2017 (see chart). State refiner Orpic announced mechanical completion of the Sohar Refinery Improvement Project (SRIP) in early 2017. SRIP raises crude di...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Iraq Reboots Downstream Development Drive
...e Korean contractors led by Hyundai E&C working at Karbala under the $6bn EPC contract awarded in 2014. CUTTING IMPORTS ESSENTIAL Iraq’s modest progress in rehabilitating refineries enabled it to boost refining runs to around 535,000 b/d in 2017 – the highest since 2013 when Baiji was still op...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Egypt: Increased Gas Availability Boosts Petchems Producers
...d, with Eni’s giant 24tcf Zohr field the most recent addition (MEES, 15 December 2017). Canada’s Methanex, operator (50%) of the 1.26mn t/y EMethanex methanol plant at Damietta on the Mediterranean, has received full gas allocations since late-2016. A lack of gas forced it to shut down for se...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018