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Egypt LNG Imports Hit 7-Year High 2.78mn T For 2024, Eyes Tentative Exports For 2025
...Egypt resumed LNG imports last year after a six-year hiatus, with volumes of 2.78mn tons the highest since 2017 after a late-year surge. Cairo eyes the resumption of exports later this year, but this is far from guaranteed. Egypt’s slumping gas output and rising demand saw the country dr...
Volume: 68Issue: 02Published at Fri, 10 Jan 2025 -
Iran’s High Winter Gas Demand Dampens Transit Hub Ambitions
...llowing a five-year hiatus after Turkmengaz in 2017 halted flows over claims that NIGC owed it $1.8bn for previous deliveries (MEES, 13 January 2017). This was officially resolved last June according to NIGC after Baghdad paid some $2.76bn from Iran’s frozen energy dues in Iraq. The nature of the Tu...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Qatar Takes FID On Huge Petrochemicals Complex
...CUS Qatar first announced plans for this major new petrochemicals venture in 2017, with Mr Kaabi telling MEES in an interview that it was planning a “world-scale” facility to process ethane from its mammoth North Field gas expansion project (MEES, 8 December 2017). This was a major development given th...
Volume: 66Issue: 02Published at Fri, 13 Jan 2023 -
Iran Targets 3.5mn b/d Refining Capacity
...ocessing facilities at Assaluyeh. The facility was one of the key projects awarded after sanctions were lifted in 2016. A heads of agreement (HoA) for a $3bn deal to construct the facility was signed with Korea’s Hyundai Engineering and Construction, Daelim, and Japan’s Chiyoda in 2017, with estimated co...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Iran’s First Super Heavy Refinery Opens At Qeshm
...th a gross tonnage of up to 70,000 tons can dock on one side and 7,000 GT vessels on the other. PEDC has also been developing a 500MW combined cycle power plant to provide the refinery with power. The first 85MW has been operational since 2017-18, and work is underway to bring it up to full 500MW ca...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Iraq Baiji Refinery Sees Restart Of Second CDU
...th Mosul and other parts of northern Iraq liberated from the Islamic State in 2017, demand for electricity (powered by fuel oil) and transport fuels has skyrocketed, leading to significant shortages. Furthermore, the 140,000 b/d additions from the two restored Baiji units help Iraq keep its costly im...
Volume: 64Issue: 02Published at Fri, 15 Jan 2021 -
Dow Impairs $1.73bn At Sadara, Eyes Debt Rejig
...odwill impairment and asset-related charges” of $1.733bn in 4Q19 associated with Sadara. The 3.22mn t/y Sadara petchems project was developed at a cost of $20bn. Sadara started up its central cracker in August 2016 and the last of its finished chemicals units a year later (MEES, 18 August 2017)....
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Oman Smashes Records In 2018 With Refining and Gas Push
...om 171,000 b/d in 2017 to 220,000 b/d in the last nine months of 2018 and increasing crude refining capacity from 116,000 b/d to 198,000 b/d. State refiner Orpic announced technical completion in 2017 after years of delay (MEES, 17 February 2017) with a 1Q 2018 ramp up (see chart 1). The upgrade at So...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Aramco’s Sabic Takeover: Are Assets Compatible?
...pacity of 10.2mn t/y of end products. While Sabic’s 66.9mn tons of chemicals output in 2017 included intermediate products (see chart), even assuming two thirds of this total was intermediates suggests its end-products capacity is more than double Aramco’s. Sabic is one of the world’s largest pe...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Qatar Petchems To Benefit From QP’s Upstream Ambition
...pco 20%) at Ras Laffan was canned in September 2014, while the $6.5bn 1.5mn t/y Al-Karaana facility (QP 80%, Shell 20%) was shelved in January 2015 (MEES, 16 January 2015). When Mr Kaabi told MEES in December 2017 that QP was launching a new “world scale” 1.6mn t/y ethane cracker it therefore ma...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Aramco Looks To Crack Texas With $6.6bn Shale-Fuelled Petchems Plans
...panding Motiva’s Port Arthur facilities and to capitalize on cheap US ‘shale’ feedstock (MEES, 26 May 2017). Other Aramco pronouncements also suggest that the latest plans may be only the first stage of investment. Aramco in 2017 flagged up a potential $30bn in ultimate investment in Motiva’s US op...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Aramco Adds Retail Expansion To Downstream Ambitions
...ES, 12 October 2018). Most of Aramco’s current retail sites are operated by its Motiva subsidiary, which transferred the 635,000 b/d Port Arthur refinery in Texas as well as 5,000 Shell-branded retail stations to Aramco’s ownership when Shell exited the former 50:50 joint venture (MEES, 10 March 2017...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Egypt Refining Sector Start-Ups Will Reduce Imports, But Bill Will Keep Rising
...tput steady EGPC has only made sporadic upgrades to its refineries, which have been unable to keep up with demand. Demand hit a record 852,000 b/d in 2016. It has since dipped to 815,000 b/d in 2017 but that is in part due to Egypt’s attempts to phase out subsidies. Cairo benefitted in the wake of th...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Libya Refinery ‘Resolution’ Fails To Hide Need For Multi-$bn Investment
...t infrequent shut-ins (MEES, 10 November 2017), crude has been shipped to the plant by sea from export terminals in eastern Libya. NOC chairman Mustafa Sanalla says that now the dispute is ‘resolved’ it hopes Lerco will “restart operations at Ras Lanuf Oil as soon as possible. Trasta and Lerco ar...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Aramco Ramps Up Domestic Petchems Supply Slate, Boosts Saudi Manufacturing
...ansformational’ JVs, notably with Sabic for a crude oil to chemicals plant in Saudi Arabia and with ExxonMobil for an ethane cracker and polyolefins plants in Texas (MEES, 1 December 2017). ...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Saudi Hikes Gasoline Prices, Hard On Heels Of Electricity Tariffs Rise
...nuary 2016). This has led diesel demand to fall considerably in the kingdom. After averaging a record 779,000 b/d in 2015 it fell 10% to 701,000 b/d in 2016. It’s on course to have fallen to 600,000 b/d or even less over 2017, averaging 120,000 b/d less than 2016 over the first 10 months. Any in...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Saudi: More Delays For Key Petchems JV
...ecialty chemicals. Some units are complete: the partners tested a 15,000 t/y thermoplastic olefins (TPO) unit in May 2017 and a 75,000 t/y Nylon 6 plant in June 2017. A cumene unit, to provide feedstock for making phenol as a route to other final products, is also complete. Petro Rabigh blames de...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
Aramco Awards Ras Tanura Clean Fuels, Seals Indonesia Deal
...nfiguration has been completed and the process to select technology licensors will start soon. Basic engineering design work is scheduled for completion in first quarter 2017, with progress to FEED in the second quarter and project start-up slated for 2021. The Cilacap expansion is a key part of Aramco’s ov...
Volume: 60Issue: 02Published at Fri, 13 Jan 2017 -
Egypt’s $3.7bn ERC Project On Schedule
...The Egyptian Refining Company (ERC) joint venture is on schedule to start production at its $3.7bn hydrocracker-based project at Musturud near Cairo in the first quarter of 2017, according to Managing Director Muhammad Sa’d. “We have so far completed 80% of the construction work and we wi...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
EGPC Outlay On Refinery Upgrades To Top $17Bn
...pansion Alexandria 60 2017 Alexandria Exp. Alexandria 100 na Sukhna Ain Sukhna 240 20...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015