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Trade In The Med: More Hubs, New Ship-to-Ship Zones
...prus’ rise as a regional gasoline blending hub via its 545,000 m3 (3.4mn barrel) VTTV storage facility at Vasiliko. Vitol, which owns 45% of VTTI alongside IFM Investors (45%) and Adnoc (10%), heavily touted VTTV’s potential when it first began operating in 2014 (MEES, 31 October 2014). But it’s taken th...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
Algeria-Spain Spat Leaves 1.26GW Power Plant In Limbo
...lguera,” adding that it is now seeking “a definitive solution for all parties.” The project was originally awarded back in 2014 at a price tag of $719mn (MEES, 7 March 2014), with civil works completed by end-2016 (MEES, 15 September 2017). Satellite imagery indicates that substantial work has taken pl...
Volume: 67Issue: 26Published at Fri, 28 Jun 2024 -
Morocco’s Samir Refinery: Is There A Case For A Restart?
...wards trend save for a Covid related blip in 2020. Total products demand recovered to near record levels of above 290,000 b/d last year. Diesel imports, a fuel globally in high demand, for example hit a record 126,000 b/d in 2021 (see chart 1). In its last full year of operations in 2014, Samir pr...
Volume: 65Issue: 24Published at Fri, 17 Jun 2022 -
Ecomar Thinks Big After Fujairah Refinery Start-Up
...ly 2014). “The concept was changed,” says Mr Shaddick. “We currently process a mixture of Arab Heavy and Arab Light crudes [from Saudi Arabia], which are relatively low in sulfur among regional crudes. We are looking to add a coker and desulfurization units in the near future as part of our ex...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Petro Rabigh Adds Hydrotreater
...nthly Jodi data. Saudi refinery throughputs for April were 1.84mn b/d, their lowest level since the 1.81mn b/d processed in November 2014 (see chart). Saudi refinery operations in 2020 had earlier been impacted by a mid-January to end-February shutdown of 440,000 b/d Satorp refinery at Jubail, a jo...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
Aramco Crude Oil To Chemicals Vision Takes Shape
...chemicals plant it will not be the first. In 2014 ExxonMobil started up a 1mn t/y crude-to-olefins unit at its 592,000 b/d Singapore refinery which “can crack anything from light gases to heavy liquids, including crude oil” (MEES, 1 December 2017). ...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Saudi Petchems JVs Get Greedy For Naphtha, Cutting Into Exports
...d April, from 89.5mn barrels at end-February to 86.0mn b/d at end-April to deliver an additional 3.5mn barrels or 57,400 b/d. Meanwhile, jet-kerosene output hit a record 313,000 b/d in April, while fuel oil demand of 302,000 b/d was the lowest since March 2014 (see chart). SAUDI REFINERY TH...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Baghdad-KRG Refining Deal Eases Light Products Shortfall
...eraged 591,000 b/d in April, according to the latest information submitted by the ministry to the Riyadh-based Joint Organizations Data Initiative (Jodi). This is the highest monthly level since the 600,000 b/d reported in May 2014, the month before the onset of fighting between IS and federal forces in wh...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
Iraq Plans New Refining Capacity
...0,000 b/d refinery at Karbala, which the ministry decided to build without foreign investment. The ministry awarded a $6bn engineering, procurement and construction contract for Karbala in 2014 to a Korean consortium led by Hyundai Engineering & Construction. The Hyundai-led group has at times ha...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
Sadara Starts First Saudi PMDI, BGE Plants; Targets Polyurethane, Solvent Markets
...ll as 700,000 t/y of paraxylene and 200,000 t/y of propylene (MEES, 15 August 2014). Aramco is mulling further petchems capacity at Jubail, where besides Sadara and Satorp it has equity in the 300,000 b/d Sasref refinery joint venture with Anglo-Dutch major Shell. Aramco’s website says the co...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Iran Taps Koreans For Tabriz Refinery, Eyes $3.3bn Siraf Funding
...esel output from Tabriz at the expense of fuel oil. No schedule was announced, but the study is expected to take six months, according to Mehr News Agency. Latest data available from NIORDC show Tabriz refinery producing 21,000 b/d of gasoline and 42,000 b/d of gasoline in 2014, when fuel oil ou...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Aramco Looks To Build On Record Output With ‘New Era’ Of Integration
...th 2014 – see p18). With the two new refineries targeting export markets, Saudi net products exports soared by 38% to 635,000 b/d according to the Aramco data, which unlike the Jodi data (500,000 b/d for 2015) appears to include field LPG. The Jodi data show gross 2015 products exports of 1....
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Satorp Taps Riyadh For SR2bn To Reduce Bank Dues
...udi Arabia’s Manifa oilfield (MEES, 15 August 2014). Meanwhile, Sadara Basic Services Company – a subsidiary of the Aramco/Dow petrochemicals joint venture – has agreed a SR865mn ($231mn) mortgage loan to Saudi Butanol Company (Sabuco) to help fund construction of a SR1.9bn ($507mn) butanol pl...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Questions Mounting Over GCC Refinery Plans In Wake Of Capacity Hike
...ndensate splitter in the third quarter of 2016. The plant is almost identical to the LR1 splitter which Qatargas built earlier at Ras Laffan and is expected to cost $1.5bn (MEES, 11 April 2014). GCC REFINERY/SPLITTER PROJECTS SCHEDULE Operator (Project) Lo...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Egyptian Refiners Award Contracts For New Gasoline Units, Plan Coker Rehab
...rlier estimated the overall cost of the plant at $250mn and said the plant was expected to start up in 2018. Egypt’s annual average gasoline demand reached a new peak of 144,000 b/d in 2014, when refinery output of 75,000 b/d required EGPC to import 69,000 b/d – equivalent to 48% of demand (see gr...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Abu Dhabi Borouge 3 Petchems Ramp-Up Delay
...rgo of polymers from Borouge 3 via the nearby Khalifa Port in October 2014. While initial cargoes of polyethylene and polypropylene were sold within the Middle East, deliveries to Asia are now building. ETHANE SQUEEZE The Borouge JV operates three petrochemicals complexes at Ruwais, producing po...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Mideast Refining Capacity Boost Underscores Growing ‘Hub’ Role- IEA
...e equivalent of around 93% of the region’s then CDU capacity. Regional Progress Saudi Arabia is the largest contributor to the Middle East’s surge, says the IEA. The 400,000 b/d Satorp refinery was expected to reach full capacity by “mid 2014;” the company declines to comment on whether this im...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
UN: How GCC Petchems Players Can Combat Shale Revolution
...REGIONAL GCC governments’ plans to diversify their economies by developing large-scale petrochemicals projects are being challenged by the North American shale gas boom, says UN agency Unctad. The agency’s World Investment Report 2014 (see p20) says that “the shale gas revolution in No...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Saudi Leads Capacity Expansion But Mideast Runs Slide-BP
...SAUDI ARABIA Middle East refiners raised their combined crude distillation capacity by 567,000 b/d or 6.9% in 2013 to 8.822mn b/d, according to the BP Statistical Review 2014. The largest increment, of 400,000 b/d, was in Saudi Arabia, taking the kingdom’s total throughput capacity to 2....
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Reality Check For Libya’s Downstream Plans
...r 2014 to cover some of the early phases of the master plan,” NOC downstream development chief Muhammad Ellob told the 3rd New Libya Oil and Gas Forum held in London last week. Early works for the upgrade of the 120,000 b/d Zawiya refinery west of Tripoli and the construction of a 20...
Volume: 57Issue: 23Published at Fri, 06 Jun 2014