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Libya’s Mabruk: ‘2023 Restart’
...Operator TotalEnergies says its Mabruk field in Libya’s Sirte Basin oil heartland “is expected to restart its production in 2023.” The field on blocks 70 and 87 has been shut in since December 2014 when it was overrun by Islamic State-affiliated militants with the surface facilities su...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Sabic Reorganization Continues Ahead Of Planned Aramco Takeover
...rformance for 2018 was the best since oil prices crashed in 2014. Sabic made a profit of $5.73bn in 2018 on revenues of $45.1bn, figures which were respectively 17.0% and 12.8% up on 2017, though prices for Saudi Arabia’s key Arab Light crude were up even more at 33.5% (MEES, 1 February). SABIC OUTPUT TO...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Kuwait Eyes Revenue Boost From Clean Fuels Upgrade
...na al-Ahmadi 347,000 b/d. Combined crude processing capacity will be increased by 9% to 801,000 b/d from 736,000 b/d. At the time of the CFP award in 2014 project management contractor Foster Wheeler said that the upgrade would mean fuel oil output with a maximum of 1% sulfur (MEES, 14 February 2014...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Israel’s Gasoline Thirst Pushes Oil Products Consumption To 5-Year High
...tput exceeded demand by 46,500 b/d in 2017, down on the previous year’s 58,300 b/d and less than half of 2014’s 95,300 b/d. Bazan says 67% of its refined products are sold on the domestic market while 33% is sold to mainly Turkey and Cyprus which took 31% and 24% respectively of exports in 2017. These pr...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Kuwait Refinery Shuts, New Capacity Delayed, Crude Exports To Rise
...na Abdullah EPC contract it is undertaking with Samsung Engineering and CB&I (MEES, 14 February 2014) will not be complete until the very end of 2018. Both the CFP and Al-Zour projects were held back for many years by disputes between government and parliament. The award of construction contracts ca...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Iran Boosting Exports Of Products As Well As Crude; Gasoline Exports To Follow?
...low this (see p24), but there is no doubt that export volumes are on the rise. • Iran’s January refinery runs were 1.79mn b/d, the highest since January 2014, but still 170,000 b/d short of the July 2013 record 1.96mn b/d (see graph 1). • Gross crude plus products exports averaged almost 1....
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Turkey’s Tüpraş Racks Up Profits, Maxes Output As Runs Of Iraqi Crude Double
...3,000 b/d last year, taking capacity utilization to 98% from 72% in 2014, when the installation of a residue upgrader at the Izmit refinery constrained operations. The upgrader was started up in May 2015. Tüpraş received a fillip as Mediterranean refining margins rose from $1.95/B in 2014 to $4.83/B for 20...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Turkish Demand ‘Soars’ But Stats Under Fire
...rrels conversion factors – original Turkish data is in tons). The one anomaly is the ‘other’ category for which the IEA has 104,000 b/d, well down on the 168,000 b/d Jodi figure (thus the IEA total of 863,000 b/d is also around 60,000 b/d less). But for 2014 and previous years the IEA still awaits co...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Algeria Looks To Get Refining Expansion Back On Track With FEED Awards
...geria’s refinery output remains comfortably larger than domestic demand. For 2015, refinery output was 576,000 b/d, down 11.5% from the 651,000 b/d produced in 2014. Demand also slid, but by only 3.4%, from 391,000 b/d in 2014 to 378,000 b/d. While refinery output was nevertheless 198,000 b/d higher th...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
Aramco Dusts Off Plans For $2bn Ras Tanura Clean Fuels Project
...iginally due in place in 2016. Aramco and ExxonMobil are already able to meet the 10ppm limit at their 400,000 b/d Samref joint venture refinery, following the installation of a 60,000 b/d desulfurization train in 2014. However, high project costs appear to have slowed the whole clean fuels program. Be...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Iraq: Misan In Action, Apparently
...apparent refining experience (MEES, 3 January 2014). Details on Wahan are also thin on the ground, though ministry claims project finance will come from two Chinese state banks – China Development Bank and China ExIm Bank – suggest an affiliation with a Chinese state firm. Misan is one of fo...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Israel Refiners Ramp Up Throughputs On Back Of Cut-Price KRG Barrels
...rael’s refineries – the 196,000 b/d capacity Bazan plant in Haifa and the 100,000 b/d Paz plant in Ashdod achieved record runs in 2014. Total products output was 295,000 b/d, up by 4.5% from 282,000 b/d in 2013. Bazan output was 192,000 b/d and Paz 103,000 b/d on the back of fourth quarter output that wa...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Oman Warns Of ‘Unsustainable’ Products Demand Growth
...ar between 2008 and 2014. Domestic demand stood at 160,000 b/d in 2014, up from 100,000 b/d six years earlier. CAPACITY TO MORE THAN DOUBLE Domestic demand for petroleum products is currently met by Oman’s two refineries at Mina al-Fahal (106,000 b/d) and Sohar (116,000 b/d) – both owned and op...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Oman Awards Salalah-2 BOO Contract To Mitsui/ACWA
...ak demand expected to rise from 470MW in 2014 to 800MW in 2020. Completion of Salalah-2 will take the grid’s generating capacity to 1.02GW (MEES, 11 April 2014). OPWP expects Oman’s total peak electricity demand to rise from 5.88GW in 2014 to 10.24GW in 2020 and is building new generating ca...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Saudi Aramco Taps Debt Market To Fund Rabigh 2
...its supply systems (MEES, 6 June 2014). RABIGH CAPACITY The existing Petro Rabigh plant is based around the cracker, which processes 95mn cfd of ethane, and a 400,000 b/d refinery. Output capacity is 18.4mn t/y of petroleum products and 2.4mn t/y of ethylene and propylene derivatives. “Up...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Kuwait Starts Clean Fuel Construction
...ntracts worth a combined KD3.34bn ($12bn) for the CFP. Japan’s JGC is upgrading Mina al-Ahmadi, while Britain’s Petrofac and US firm Fluor have been awarded separate EPC contracts for upgrading Mina Abdullah (MEES, 14 February 2014). Amec Foster Wheeler is project management consultant for the CFP un...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
UAE: Ruwais Expansion Ramps Up Output
...oducts demand has risen sharply in recent years, to around 400,000 b/d for 2014, while exports have fallen away to dip below 200,000 b/d. Takreer is also building a carbon black and delayed coker (CBDC) alongside the Ruwais Expansion plant, for start-up at the end of 2015. The plant will take heavy oi...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Rabigh Shutdown To Curb Saudi Refining Surge
...pply from Rabigh 2 will feed a number of new derivatives units providing a total 2mn t/y of high value chemicals and aromatics (MEES, 14 March 2014). “Each plant will be brought onstream as it becomes available for operation, with first product expected in the first half of 2016,” says Petro Rabigh....
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Qatar’s GTL Output To Fall As Pearl And Oryx Plants Undergo Maintenance
...ys that Oryx operated at an average utilization rate of 97% for 2014, implying a reduction of around 1.42mn barrels produced during 2015 compared with 2014. QATAR GTL PROJECTS, RAS LAFFAN Project Gas F’stock Output Ca...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
Gulf Petchem Megaprojects Eye Shift From Ethane Feedstock
...Main Products (‘000 T/Y) Sipchem Jubail, S Arabia 2014 200 EVA and LDPE PCC Jubail, S Arabia 2014 50 nylon 66...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014