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Questions Over Australia’s LNG Future Open Opportunity For Qatar
...June). These alone added to current supplies would propel Qatar above Australia’s 2022 volumes. Should Australian supplies fail to return to 2021’s record levels, then Qatar could be challenging for the No.1 position in China in the second half of the decade for the first time since 2014. Qa...
Volume: 66Issue: 27Published at Fri, 07 Jul 2023 -
Satorp Gets Cracking With Amiral Petchems Integration
...el, LPG, aromatics, propylene and petroleum coke. It was started up in two phases and reached initial full crude distillation capacity of 400,000 b/d in 2014 (MEES, 24 October 2014). Satorp has since been debottlenecked, first to 440,000 b/d in 2018 and again to 460,000 b/d throughput capacity ea...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
End In Sight For Egypt’s Fuel Subsidies
...Egypt has ended fuel subsidies for the majority of oil products, bringing an end to four years of reform that has seen the average price of gasoline almost triple and diesel prices rise by a whopping 514% in local currency terms, since Cairo began removing subsidies on oil products in June 2014...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Saudi Products Exports At Record Highs
...gion in the first four months of the year already the highest annual figure shipped in four years – 942,000 tons was shipped there in 2014. As a market for Saudi products North America is dwarfed by Europe and that is unlikely to change, particularly given its proximity. Saudi Arabia exported re...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
$11bn Egypt Petchems Project Belatedly Green Lighted
...onomic zone will also likely boost Suez Canal revenues, which in 2017 amounted to $5.28bn, second only to the record $5.47bn in 2014 (MEES, 19 January). The Tahrir project will be part financed by a $5.4bn debt package. Carbon Holdings says it is “at an advanced stage of securing financing” from ex...
Volume: 61Issue: 27Published at Fri, 06 Jul 2018 -
Sabic & ExxonMobil Evaluating 1.8mn Tons/Year Record Cracker
...tput estimated at 64mn tons in 2014, it is currently facing competition from two large joint ventures involving state-owned petroleum giant Saudi Aramco. The 3.2mn t/y Sadara joint venture between Aramco and US chemicals firm Dow has completed two 375,000 t/y linear low density polyethylene units an...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Petro Rabigh Cracker Outage
...bigh threatened to terminate Rawec’s supply agreement. However, the dispute was resolved after Rawec paid Petro Rabigh SR750mn ($200mn) in compensation, along with a SR188mn ($50mn) reduction in tariffs and a SR188mn investment in improving the reliability of its supply systems (MEES, 6 June 2014). ...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Moroccan Refiner Samir Fails To Clinch Crude Deal
...mains in doubt. Although an expansion of the plant’s capacity from 120,000 b/d was completed in 2012, it has reached a peak throughput of only 167,000 b/d in March 2014, before stuttering to a halt in August 2015. The last recorded Mohammedia throughput on the Jodi database is 113,000 b/d for July 2015....
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
Iraqi Refining Runs, Gasoline Output At 9-Year Low Despite Progress Against IS
...roughputs for April and May – at 354,000 b/d and 362,000 b/d respectively – were the two lowest figures since 2007. Until early 2014 refineries in the north of Iraq provided over half of the country’s products output: for 2012 northern runs were 345,000 b/d versus 241,000 b/d for the south (see chart). Bu...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Saudi Petchems Firms Double Profits In Q2
...lling prices of products for Q2 compared to the prices from the corresponding quarter in 2014 has led to a drop in profit, Mr Binyan adds. The same reason was given to the profit decline in the first half of this year against the earnings in the first six months of last year. Mr Binyan says that Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
UAE Links Fuel Prices To Global Markets From 1 August
.../B ($0.49/liter) for 95 ron unleaded gasoline, and $70/B ($0.44/liter) for diesel. However, pump prices were also at similar levels a year ago, when, of course, international market prices were far higher. To give an indication of potential savings MEES has crunched the numbers for 2014, when UAE co...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Egypt Petchems Plans Continue To Expand As Tahrir Gets Styrene Plant
...ocess units, while Italy’s Tecnimont and Holland’s Archirodon are building offsites and utilities (MEES, 4 April 2014). ECHEM PROJECTS State firm Echem is currently building three petchems plants. Its Ethydco ethylene derivatives unit has awarded contracts to Japan’s Toyo Engineering and the En...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Algeria Pushes New Refineries Beyond 2020, Fuel Deficit To Worsen
...nts to expand its refining capacity to meet domestic demand growth and produce oil products in line with European standards. Demand grew by 7.4% in 2014 and strong growth is expected to continue with Algiers insisting that it will not cut oil product subsidies (MEES, 3 July). Algeria’s total oil pr...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Opec Data Charts Saudi Refining Surge, But Plans Are Slipping
...REGIONAL Opec Data Charts Saudi Refining Surge, But Plans Are Slipping Opec’s eight Mena members added 6.7% to their combined crude distillation unit (CDU) capacity in 2014, according to the organization’s Annual Statistic Bulletin 2015. Most held capacity steady, with only Saudi Ar...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Saudi Petchem Firms Mainly Report Improved Profits, SABIC Eyes Price Rise
...SAUDI ARABIA Saudi petrochemicals companies mostly reported improved profits for the second quarter and the first half of 2014, with better market conditions reflected in higher market capitalization for all players. State-owned petchems giant SABIC saw profits rise 7% in the second qu...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
MENA Leads OPEC Refining Hike As First Mega-Refinery Comes Onstream
...wly released Annual Statistical Bulletin 2014. The data includes the first of the Gulf mega-refineries to be completed: the 400,000 b/d Satorp joint venture of Saudi Aramco and France’s Total. The similar-sized Aramco/Sinopec Yasref refinery and Aramco Jazan refinery are due onstream in 2014 and 20...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Orpic Awards Liwa Technology Licenses As Gulf Petchem Juggernaut Rolls On
...ojects. Abu Dhabi’s 2.39mn t/y Borouge 3 complex “will be fully operational in 2014”, according to Austria’s Borealis, partner with state petroleum firm Adnoc. Saudi Aramco and US firm Dow are “on schedule, on budget” with their 3.22mn t/y Sadara complex. Engineering is nearly complete and construction al...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Kuwait Clarifies Al-Zour Plans, Iraq Projects Halted
...tes Aramco/Total (Satorp) Jubail, S Arabia 400 2014 First CDU start-up 3Q13, second imminent. Aramco/Sinopec (Yasref) Yanbu’, S Arabia 40...
Volume: 57Issue: 28Published at Fri, 11 Jul 2014 -
Aramco Doubles Stake In Korean Refiner, Part Of Global Downstream Push
....5 Total 400 Total Current Domestic 2,505 Yasref (2014) 62.5 Sinopec 400 Jazan (20...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
Sipchem-Hanwha EVA/Molds JV
...ternational Diol Company (IDC) affiliate’s 75,000 t/y butanediol plant in Jubail. Work is expected to improve the plant’s efficiency and reliability and is scheduled for completion in the fourth quarter of 2014. On 17 July Sipchem announced its 2Q13 financial results, with increased profits being at...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013