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Saudi Petchems JVs Get Greedy For Naphtha, Cutting Into Exports
...ll, to a total 234.4mn barrels at the end of April, the lowest since November 2011 and the seventh consecutive monthly decline. Total oil stocks also fell to 320.4mn barrels, the lowest since December 2011 (see table, p10). ...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Saudi Leads Capacity Expansion But Mideast Runs Slide-BP
...finery, Oman’s 230,000 b/d Duqm refinery and Kuwait’s 615,000 b/d Al-Zour refinery (MEES, 2 May). Middle East Refining Key Numbers (Mn B/D) Middle East Refining Capacity (‘000 B/D) 2009 2011 20...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Saudi Mega-Projects Take Shape As Sadara Completes Financing
...cember 2014. IPC in June 2012 obtained a SR1.4bn ($373mn) loan from four Saudi banks and in November 2011 a SR600mn ($160mn) loan from Saudi Industrial Development Fund (SIDF). Meanwhile, on 13 June US plastics firm Invista announced an exclusive agreement with Petrochemical Conversion Company (PC...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Mideast Refining Capacity Edges Up, Runs Fall
...wever, capacity utilization actually declined last year, with throughputs of 6.444mn b/d, down just over 1% from 2011’s record high of 6.519mn b/d. Launching the review in London on 12 June, BP chief economist Christof Rühl said that global refining capacity utilization barely improved in 2012 de...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
GCC Petchems Sector ‘Thriving’ With 5.5% Growth For 2012
...12, outperforming global chemical production which grew by 2.6% in 2012, lower than the 3.8% growth rate in 2011.” Saudi Arabia maintained its position as the region’s largest petrochemicals producer with 86.4mn tons of capacity – 67.6% of the regional total, the GPCA says (see gr...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013