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Iraq’s Cabinet Approves Basra-Haditha Crude Oil Pipeline
...l to global markets, but plans to develop an alternative route via Aqaba were derailed by the rise of the Islamic State in 2014, with security still a major concern in Anbar. IRAQ’S OIL & GAS PIPELINE SYSTEM ...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025 -
Qatar Takes FID On Huge Petrochemicals Complex
...at Qatar had axed its previous planned facilities in late 2014 and 2015 amid a reappraisal of its petrochemical strategy (MEES, 16 January 2015). Back in 2017, Mr Kaabi suggested the facility would have around 1.6mn t/y capacity. But by the time Chevron Phillips was awarded a 30% stake in June 20...
Volume: 66Issue: 02Published at Fri, 13 Jan 2023 -
Gas Plant Inauguration Boosts Iran’s Petchems Outlook
...an’s demand for gas feedstock (MEES, 10 October 2014). Much of this has been sourced from the giant South Pars gas field which Iran shares with Qatar, but Iran’s routine flaring of associated gas has long offered another source. Iran’s wasteful flaring puts it behind only Iraq (see p4) in the re...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Iraq Awards New Refinery At Nasiriya - ref
...stribution and marketing sectors are wholly state-owned and end-user prices are heavily subsidized. Investors are therefore only attracted to refining projects targeting export markets. Iraq’s oil ministry has however made some progress in restoring norther refining capacity taken out by Islamic State in 2014...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Iraq Baiji Refinery Sees Restart Of Second CDU
...,000 b/d Salahuddin-2 unit at the Baiji refining complex in northern Iraq, boosting the country’s effective refining capacity by around 10%. The once-310,000 b/d Baiji complex – also called al-Samoud – was completely destroyed in 2014 by Islamic State militants leading to a sizeable drop in the co...
Volume: 64Issue: 02Published at Fri, 15 Jan 2021 -
Aramco’s Sabic Takeover: Are Assets Compatible?
...s been variable in recent years. Sabic took a hit in 2014 when oil prices collapsed, since petchems sales prices are index linked to crude prices. Since then, however, Sabic’s market capitalization has recovered in line with rising crude prices. Sabic’s end-2018 market capitalization was $92.96bn, im...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Qatar Petchems To Benefit From QP’s Upstream Ambition
...January 2018 (MEES, 5 January 2018). Driving through such efficiency-boosting measures has been a hallmark of Mr Kaabi since he took over as CEO in 2014. But he also opted to cancel Qatar’s two petchems projects amid falling oil prices. The $6bn 1.4mn t/y Al-Sejeel polymers project (QP 80%, Qa...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Egypt Refining Sector Start-Ups Will Reduce Imports, But Bill Will Keep Rising
...further slippage. Updates from Enppi suggest that the start-up schedules may be further delayed. Enppi is also building an asphalt unit for Suez Oil Processing Co (SOPC). When awarded the project in late 2014, Enppi anticipated completion in 2017, which suggests that 2018 is still achievable. Ho...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Libya Refinery ‘Resolution’ Fails To Hide Need For Multi-$bn Investment
...27mn b/d. But since then volumes have been unstable. Since 2014, when output averaged just 465,000 b/d and exports around 350,000 b/d, most crude has been sold to trading firms such as Glencore (MEES, 10 February 2017) which has been prepared to run the risk of delayed and irregular cargoes – and pr...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Aramco Ramps Up Domestic Petchems Supply Slate, Boosts Saudi Manufacturing
...d superabsorbent polymer from the original plan (MEES, 30 May 2014). Nevertheless, Aramco and partners Dow (at the Sadara complex) and Sumitomo will offer customers a range of products unprecedented in the kingdom, enabling the manufacturing of goods for global industries including automotives, pa...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Saudi Hikes Gasoline Prices, Hard On Heels Of Electricity Tariffs Rise
...erage household consumed 2,000kWh/month in 2014. Until this year such users paid just SR100 ($27)/month given that the first 2,000kWh/month of consumption was charged at SR0.05/kWh. From 1 January they will pay SR360 ($96)/month, a more than threefold increase. But with the price for usage above 6,...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Aramco Awards Ras Tanura Clean Fuels, Seals Indonesia Deal
...0,000 t/y - Toluene 70,000 t/y RAS TANURA REFINERY OUTPUT ('000 B/D) 2015 2014 2013 20...
Volume: 60Issue: 02Published at Fri, 13 Jan 2017 -
Qatar’s Laffan Refinery 2 Goes Commercial
...litter that was started up in 2009, will be delivered to an adjacent 101,000 b/d capacity diesel hydrotreater for the production of Euro-V specification diesel. Qatargas began testing the Laffan 2 splitter early in the fourth quarter of 2016. Building work began in 2014, under a $600mn engineering, pr...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Egypt’s $3.7bn ERC Project On Schedule
...mpany (CORC) refinery, for upgrading into 75,000 b/d of mainly lighter products (MEES, 25 April 2014). However, Mr Sa’d told Egypt Daily News that ERC will need to import 1.2mn tons/year (24,000 b/d) of crude oil feedstock, as CORC’s fuel oil production will not meet the cracking unit’s needs. He sa...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Oman Refining Output Up 5% In 2015, But Set To Fall In 2016 As New CDU Hooked Up
...lletin, for January 2016, shows increased output of most light fuels and in particular gasoil, whose output rose 12.5% from 2014. However, 90 RON regular gasoline declined by over 42% while production of 95 RON super gasoline was increased by 7%. Increasing light fuels output over the last fuel ye...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Aramco Clarifies Downstream Divestment Plans After IPO Announcement
...id. SAUDI ARAMCO DOWNSTREAM ASSETS *EXCHANGE-LISTED. SOURCE: ARAMCO, PARTNERS. SAUDI ARAMCO UPSTREAM, 2014 SOURCE: ARAMCO....
Volume: 59Issue: 02Published at Fri, 15 Jan 2016 -
Riyadh Cuts Fuel Subsidies, Petchem Producers Count The Cost
...ar, with the impact being first reflected in results for the first quarter of 2016. All the companies will announce their annual figures for 2015 in the coming weeks. The 14 companies, whose total profits amounted to SR34.4bn ($9.17bn) for 2014, are expected to report a further decline linked to th...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
EGPC Outlay On Refinery Upgrades To Top $17Bn
...raight-run Cairo Oil Refining Company (CORC) refinery, will process 107,200 b/d of residue from CORC to give lighter products including 46,300 b/d of diesel, 12,800 b/d of jet fuel, 7,600 b/d of naphtha and 2,500 b/d of LPG (MEES, 25 April 2014). Deliveries of equipment are due to begin in August. Tw...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Saudi Capacity Tops 2.9mn B/D As Yasref Ships First Products
...erations began in June 2014 – will receive crude from the 900,000 b/d Manifa offshore oil field, which had been due to reach full capacity at end-2014 (MEES, 28 November 2014). SAUDI ARABIAN REFINERIES Refinery ‘000 B/D Start-Up...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Saudi, UAE Refinery Throughputs Down
...e Takreer Expansion plant, with a view to full start-up in early 2015. Meanwhile, analysis of the JODI numbers shows that Saudi refinery outputs exceeded crude inputs by an average 138,000 b/d over the 12 months to November 2014. While monthly differentials will rise and fall because of products st...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015