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Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy
...erica and Asia, and in late 2014 a clean fuels upgrade program was completed which reduced the sulfur levels in gasoline and diesel by more than 98% to 10 parts per million (MEES, 2 January 2015). Aramco is looking to upgrade its domestic refining fleet as part of broader plans to boost its liquids-to...
Volume: 68Issue: 18Published at Fri, 16 May 2025 -
Yemen Takes Delivery Of Saudi Products Shipments
...started in 2019 and is currently running at around 10,000 b/d (MEES, 15 January). A planned second phase 400MW expansion was awarded to India’s BHL for $436mn in 2011 with work beginning in 2014 (MEES, 9 August 2013). The project was financed by the Arab Fund for Economic and Social Development, the Sa...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Gulf Refiners Push 2.7Mn B/D Crude Processing Hike By End-2025
...udi Arabia which will lift the kingdom’s refining capacity to 3.3mn b/d. The refinery was originally due online in 2017 (MEES, 28 February 2014) and its planned late-2019 start up may yet slip into 2020 (MEES, 22 February). However, the project looks more likely to come online this year with Iraq’s pl...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Shell’s Oman GTL Proposal: What’s Changed This Time Around?
...ned. Given such a propensity to budget blowouts it’s little wonder that remaining interest in GTL evaporated in the wake of the collapse in oil prices in the second half of 2014. South Africa’s Sasol had signed preliminary agreements for a GTL project in Uzbekistan of a similar size to Oryx, but put th...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Algeria Advances Downstream Plans
...ssaoud, and a new naphtha reformer and hydrocracker at the Skikda refinery,” according to the firm’s comments in announcing the Exxon deal. Plans for the two new units at Skikda intended to boost the country’s diesel and gasoline output have been around in some form since at least 2014. Spain’s Te...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Saudi Petchems Sector Gets Oil Price Boost As Sabic, Sipchem Eye Expansion
...ar. And combined net income fell short of the bumper returns in 3Q 2017, which neared $9bn for the first time since crude prices plunged in late 2014 (see chart). State-led Sabic, the biggest Saudi petchems firm by far, attributed its Q1 income boost to higher average selling prices and sales vo...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Sonatrach Buys Italian Refinery In Bid To Plug Products Shortfall
...ficit shrink to ‘just’ $490mn for Q1, the nearest Algeria has come to breaking even on trade since oil prices tanked in late 2014. Export revenue rose 19.9% year-on-year to $10.72bn, with oil and gas revenues up 19.6% at $10.03bn (almost 94% of the total) – a seemingly impressive gain but actually less th...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Kuwaiti Oil Minister Under Fire As KPI Eyes Indian Refinery
...rtamina for refineries in their countries, which would process some Kuwaiti crude oil. However, the projects have not progressed since as the parties have yet to agree terms (MEES, 13 June 2014). Most recently KPI has taken a 50% stake in the $7bn Duqm export refinery project in Oman, with OOC. The 23...
Volume: 61Issue: 18Published at Fri, 04 May 2018 -
Egypt’s Gasoline Imports Rising, But Key Hydrocracker Start-up Put Back To 2018
...t diesel imports appear to have settled around the 150,000 b/d mark on an annual basis in 2015-16 after a sharp rise from 2014, and the Q1 2017 net imports of 146,000 b/d are only slightly higher than the 140,000 b/d for Q1 2016. Quarterly data for net diesel imports appeared to have flattened out ye...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Jordan: Zarqa Expansion
...id, according to Jordan’s official stats, oil demand fell from a peak of 155,000 b/d in 2014 to a five-year low of 133,000 b/d for 2015, an unlikely outcome given the country’s rising population. One possible explanation is that ‘official’ supplies are being augmented by smuggled products from ne...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Iran: Condi Splitter Launch Promises Gasoline Self-Sufficiency – But When?
...January 2016. State refiner NIORDC expanded gasoline units at existing refineries with the aid of Chinese contractors and bulked out the fuel with additives from petchems plants – a practice that was halted because of growing pollution concerns (MEES, 25 April 2014). Gasoline imports fell to al...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Iran Taps China For $1.5bn Refinery Upgrade, Warns Over Lack Of Upstream Progress
...is work at $3.6bn – significantly more than the figure quoted by Mr Zanganeh, which suggests that a less rigorous culling of ageing equipment is currently envisaged (MEES, 23 May 2014). The Abadan refinery MoU takes to six the number of Iran’s post-sanctions downstream deals. In refining Iran has li...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Sipchem Plans Sukuk To Diversify Funding Sources
...rk is intended to increase the reliability and efficiency of the units. In 2014 Sipchem and fellow Saudi petchems middleweight Sahara Chemicals had planned a merger to bring “significant synergies” in operations and create a strong platform for growth. The companies abandoned the plan, citing pr...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Iran To Start Building Siraf Condensate Splitters, Targets Asia Petchems
...nstrained finances are unlikely to enable completion before 2017. NIORDC earlier began design work for the 120,000 b/d Pars splitter at Shiraz, but this has been put on the back burner along with five oil refineries with a combined capacity of 1.08mn b/d (MEES, 8 August 2014). While funding these pr...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Egypt P’chem Funding
...phtha. The company has also clinched a $500mn deal with General Electric, in which the US engineering giant will provide technology and an undisclosed amount of equity (MEES, 4 April 2014). While Tahrir dwarves many other Egyptian downstream projects, Carbon Holdings is also seeking smaller financing de...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Sonatrach Revises Algeria Petchems Strategy, But Feedstock Issues Remain
...6mn t/y ethane-fed ethylene derivatives complex and a 3mn t/y plastics/elastomers complex with a naphtha-fed cracker (MEES, 19 December 2014). The polyolefins plant as now envisaged will process ethane, LPG and naphtha to produce high-density polyethylene (HDPE), low-density polyethylene (LDPE), li...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Ramp-Ups Boost Mideast Naphtha Exports, Despite Petchems Rise
...rkets. “By 2025, Middle East naphtha production will increase by 25mn tons/year of light and 35mn t/y of heavy reforming naphtha, respectively. Light naphtha exports in 2014 were 42mn tons and due to a large increase in domestic consumption will increase by a relatively modest 5mn t/y by 2025,” says Mr Ra...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Aramco Boosting Refining Capacity, Plans ‘Value-Maximizing’ Integration
...lue along the processing chain. Saudi Aramco says the kingdom’s refineries delivered an average 2.18mn b/d of products in 2014, compared with 1.84mn b/d in 2013. Much of this 18.3% rise is attributable to Aramco and joint venture partner France’s Total, bringing their Satorp refinery at Jubail to fu...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Oman Eyes Liwa Close, Prepares Duqm
...ckages: cracker; polymer units; NGL extraction plant; and 300km NGL pipeline. CB&I is supplying process technology for the 800,000 t/y cracker, the NGL extraction unit and the MTBE unit (MEES, 18 July 2014). It is also among bidders, with consortium partners Saipem of Italy and CTCI of Taiwan, for the cr...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Grace Catalyzes UAE
...ptember 2014). The FCC catalysts plant was originally scheduled for start-up in 2015 (MEES, 24 May 2013). Among delaying factors has been Grace’s major reorganization in 2014 “under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the District of Delaware to resolve thousands of as...
Volume: 58Issue: 19Published at Fri, 08 May 2015