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Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy
...line next year. Now, Aramco is once again examining whether to integrate petrochemicals into its wholly-owned 635,000 b/d Motiva refinery at Port Arthur in the US. Previously operated by the 50:50 Motiva JV with Shell, Aramco took full control of the refinery in 2017 (MEES, 10 March 2017). Mr Na...
Volume: 68Issue: 18Published at Fri, 16 May 2025 -
Iraqi Kurdistan’s Energy Sector Under Attack
...vancing Islamic State and Kurdish fighters filled the vacuum, saw it banned by NOC following the federal government’s re-taking of the fields in 2017. Kar’s proposal to take over two power plants in Basra last year was denounced by MPs (MEES, 12 February 2021) who labeled it as a sell-off of “state as...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Saudi Crude Exports Tumble To Ten-Year Lows Amid Deeper Cuts
...proximately 60% of the liquids burned for power generation and water desalination, with crude oil accounting for approximately 40% (see chart 3). This is broadly in line with recent trends, with fuel oil having accounted for more than 50% on an annual basis since 2017. 1: SAUDI CRUDE EXPORTS FELL TO TH...
Volume: 64Issue: 20Published at Fri, 21 May 2021 -
Homs Refinery Fire Sheds Light On Syria’s Murky Fuel Markets
...stribution. HTS itself is accused of being a covert branch of Al-Qaeda and has been labelled a terrorist group by, amongst others, the US and Turkey. Reported to be established in 2017 by a group of Syrian businessmen living in Turkey, Watad receives oil shipments from Turkish suppliers who deliver it to th...
Volume: 64Issue: 19Published at Fri, 14 May 2021 -
Kuwait Eyes First Exports After Clean Fuels Upgrade
...726,000 b/d at two plants in March 2017, when KNPC shuttered the 200,000 b/d Shuaiba refinery after a series of unscheduled outages. Once CFP is finished Kuwait’s next refining capacity increase will come at a new 615,000 b/d refinery at Al-Zour. This is running behind schedule, with start-up ac...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
Rabigh Record Loss
...e Saudi Red Sea coast comprises a 400,000 b/d refinery and 4.97mn t/y petrochemicals complex. The petchems plants were built in two stages, with the 2.57mn t/y Rabigh-2 complex reaching mechanical completion in 2017 but only reaching full commercial operation in October 2019 (MEES, 8 November 2019) wi...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
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 -
Bahrain Seals Finance For Refinery Upgrade Amid Oil Optimism
...visors. While the amount of funding to be provided has not been disclosed, reports have placed it at over $4bn. Bapco awarded a $4.2bn engineering, procurement, construction and commissioning (EPCC) contract for the BMP project in late 2017, an amount that tallies with this financing. BNA says that th...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Egypt Hikes Power Prices But Delays End To Subsidies
...e increase in fuel prices could see another spike in inflation, which rose to 33% in July 2017 but has been brought back down to 13% last month. Egypt’s central bank hopes to reduce inflation to single digits in the medium term. EGYPT ELECTRICITY TARIFFS (BY MONTHLY USAGE BAND): AVERAGE USER TO PA...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Shell’s Oman GTL Proposal: What’s Changed This Time Around?
...e major upscaling from Bintulu to Pearl, the years of operating Pearl will give guidelines as to how both the technology and the economics of the process can be improved further. Pearl’s early years of service saw several unplanned outages (MEES, 12 May 2017). Global interest in GTL has since wa...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Gulf Petchems Attract Major Interest
...w is a partner in Kuwait’s Equate (MEES, 8 December 2017). The majors’ Gulf petchems interests are low-key in comparison with the upstream. But Total and refinery JV partner Aramco recently created headlines with a plan to integrate a 1.5mn t/y mixed-feed cracker and 800,000 t/y polyethylene un...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Sabic Boosts Transparency Ahead Of Aramco Takeover
...grow its petrochemicals footprint. As well as enabling the kingdom to squeeze additional revenue from its oil and gas output, Riyadh sees petrochemicals as driving future hydrocarbons demand growth. Meanwhile, Sabic’s agri-nutrients output has been up and down and metals output has rallied from a 2017...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
Kuwait Seeks $2.6bn Finance For Al-Zour LNG Plans
...intends to integrate petrochemicals plants (see table). K-sure signed an agreement with KPC in October 2015 – before Kipic was formed to operate the Al-Zour downstream and LNG operations, which it took over in May 2017 – to provide $6bn of support for Korean companies involved in two refinery pr...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Mubadala Goes Global
...troleum 44% and Russian state fund RDIF 5%. Gazprom Neft says the JV’s fields in Western Siberia have 2P oil and gas reserves of 40mn tons (300mn barrels of oil equivalent) and that oil production in 2017 totaled 1.6mn tons (33,000 boe/d). Alongside domestic consumption, the company exports crude through th...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
UAE’s Adnoc Plans $45bn Five-Year Downstream Expansion
....4mn t/y by 2025 under Adnoc’s 2030 Strategy unveiled in November, the strategy is now taking shape (MEES, 1 December 2017). Adnoc says the program will upgrade the Ruwais complex "to produce greater volumes of higher value petrochemicals and derivative products.” Central to the plan is the co...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Algeria Advances Downstream Plans
...0,000 t/y polypropylene plant (PP). Sonatrach (51%) and Total (49%) plan to start front-end engineering and design this summer. Feedstock for the PDH unit will be locally produced propane: the requirement will be up to 23,000 b/d. Algeria produced just under 500,000 b/d of NGLs in 2017. Total is a key fo...
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
...feat, an acceptance that highly-ambitious plans to expand Algeria’s domestic refining capacity have gone nowhere. On the other hand it can be seen as a further indication that Abdelmoumen Ould Kaddour, one year in to his tenure as head of Sonatrach (MEES, 21 April 2017), has managed to inject a much-ne...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Kuwaiti Oil Minister Under Fire As KPI Eyes Indian Refinery
...ly appointed minister in December, having previously been chief executive of KPI (MEES, 15 December 2017). Among accusations against Mr Rashidi are claims he caused losses of hundreds of millions of dollars through delays in starting up the Vietnamese refinery. State news agency Kuna said this we...
Volume: 61Issue: 18Published at Fri, 04 May 2018 -
Sabic and Exxon Kick Off US Petchems JV
...rm Kiewit, the other Taiwan’s CTCI and US firm McDermott. Sabic costs the project at $7.3bn, of which its 50% share will be financed through both internal and via external funding. The firm’s 2017 earnings were $4.9bn (MEES, 27 April). Initial engineering and construction work is scheduled to be...
Volume: 61Issue: 18Published at Fri, 04 May 2018