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Iraq Shakes Up Fuel Exports
...TSUBISHI BERTH’ The long-awaited addition to Iraq’s product terminals is the 340m long and 12m deep “berth number 2” at KAZ which has been funded through a $380mn JICA loan package approved in 2014 (MEES, 21 February 2014). The plan to turn KAZ to a products hub had involved a subsidiary of BP at on...
Volume: 65Issue: 41Published at Fri, 14 Oct 2022 -
Iraq Sends Record Volumes To Its Refineries
...finery – once the country’s largest at 310,000 b/d capacity prior to being overrun by the Islamic State in 2014 (MEES, 26 September 2014). Oil Minister Jabbar al-Luaibi announced the rehabilitation of the refinery’s 70,000 b/d Salahuddin-2 unit on 9 September, although it is unlikely that it is capable of op...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Oman Eyes Crude, Condensate Revenue Boost As Refinery Undergoes Maintenance
...gure since April 2014. Absent further production cuts, Mina al-Fahal’s closure could propel exports back towards 850,000 b/d this month for the first time since January. Unlike other participants to the output cuts, Oman has been diligent in ensuring that the axe also falls on exports (MEES, 6 Oc...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Newly Streamlined Adnoc Targets EOR Expertise For Offshore Fields
...NTED The 2014 renewal of Abu Dhabi’s 1.6mn b/d onshore Adco concession was seen as a blueprint for the looming Adma renewal. While Abu Dhabi won’t want to replicate the lengthy process of securing foreign partners, which was only completed in December 2016 (MEES, 23 December), elements are set to be re...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
Egypt’s Refiners Struggling To Keep Pace With Products Demand
...mospheric residue fuel oil from the nearby 160,000 b/d Cairo refinery to deliver 75,000 b/d of lighter liquids, including 46,000 b/d of diesel and 13,000 b/d of jet-kero (MEES, 25 April 2014). The ERC project consortium is being led by local investor Qalaa Holdings, which says its consolidated debt on th...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Oman Announces New Bid Round As Record Output Continues
...Oman’s Ministry of Oil and Gas (MOG) announced details of a new oil and gas bidding round on 12 October. Four blocks are on offer in Oman’s first bid round since 2014. It opens on 23 October and extends to 15 February. When the bid round was initially proposed earlier this year, Oman had su...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Iraq Awards Contract For 70k B/D Basra Refinery Expansion
...maged refineries operate at only 60-75% capacity, leading to a gasoline shortfall of 40,000 b/d (MEES, 1 May). Iraq’s refineries processed an average 600,000 b/d of crude oil in 2013, but this fell to 493,000 b/d in 2014. Islamic State jihadists overran the 310,000 b/d Baiji refinery, Iraq’s la...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Saudi Petchems Profits Fall 21% In Q3 Due To Weaker Sales Prices
...SAUDI ARABIA Saudi Petchems Profits Fall 21% In Q3 Due To Weaker Sales Prices Saudi Arabia’s petrochemical producers reported total net profits of SR6.63bn ($1.77bn) for the third quarter of 2015, which was 21% lower than for the second quarter and 30% down on the same quarter in 2014...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Aramco Advances Downstream Plans With Petro Rabigh, Sadara Progress
...d Saudi firm Taqa with ethylene oxide and propylene oxide for production of oilfield chemicals (MEES, 11 September). Aramco’s 2014 annual report says that integrating chemicals production with refining is “a core element of our downstream strategy.” The recently completed 400,000 b/d Satorp re...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Kuwait Nears Sale Of European Refinery, Targets Asian Downstream
...en no concrete progress to date, KPC and Sinopec have signed a memorandum of understanding for downstream cooperation. However, Kuwait is looking to reduce its exposure from 50% to 30% by bringing in a third partner (MEES, 13 June, 2014). KUWAIT CRUDE SUPPLY/DEMAND (‘000 B/D) KU...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Yemen’s Aden Refinery Restarts After Five Month Hiatus
...rib Basin fields to the port of Hodeidah, from where it is shipped to Aden in tankers. MEES estimated Yemen’s overall oil output at almost 110,000 b/d in April, as hostilities worsened, down from an average of around 160,000 b/d in 2014 (MEES, 3 April). Since then almost all oil producing operations ha...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Despite Record Gasoline Imports, Egypt’s Retail Pumps Run Dry
...14 2014 2013 2012 2011 CRUDE OIL: Production* 692 +4 688 676 68...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Saudi Speciality Petchems Transformation Focuses On Aromatics
...omatics/Propylene: 2,200 Paraxylene Satorp, Jubail 700 2014...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Gulf Refinery Expansions Mean 1mn B/D Products Exports From 2015
...oject are due to take Gulf refining capacity from 6.88mn b/d at the end of 2012 to 8.76mn b/d in 2020, a hike of 1.88mn b/d. Taking typical regional run rates (once plants have fully ramped up) of 85% and MEES estimates of domestic demand (based on actual figures to July 2014, current trends and kn...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Iraq Signs Misan Deal With Satarem As Refineries Program Gathers Pace
...vernment’s equity and offtake and products pricing. The ministry is looking for a construction start in 2014 with a view to completion in 2018. Shaw Group – subsequently taken over by fellow US contractor CB&I – was awarded contracts for a feasibility study and front-end engineering design (FEED) fo...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
SABIC Chief Calls For Support
...8%, increase ethylene output by 2% and “transform the cracker into one of the best in Europe.” Mr Mady told reporters at the meeting that SABIC aims to decide by the end of 2014 on developing a new cracker in the US to process shale gas. Discussions are under way with a number of potential pa...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Dubai Refinery Doubts Amid Gulf Capacity Surge
...test Dimensions International magazine says construction is expected to be completed in June 2014. Gulf Refining Project Operator (Project) Location Plan Aramco/ExxonMobil (Samref) Yanbu’, S Ar...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Middle East Refinery Capacity To Surge, Says IEA
...ddle East refining expansion will include 400,000 b/d capacity projects in Saudi Arabia and the UAE – due on stream in 2013, 2014 and 2015 – and smaller expansions in Qatar, Iraq, Iran and Oman. Ambitious expansion plans in Kuwait, Bahrain, Oman, the UAE, Iraq and Iran are excluded from the forecast as fi...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Luberef Lines Up Samsung For Expansion Project
...it (doubling capacity to 12,500 b/d) and vacuum distillation unit (increasing throughput capacity from 26,000 b/d to 39,000 b/d). He said that engineering work under the EPC contract is scheduled to be completed in March 2014. Procurement is scheduled to take place from December 2012 to July 2014. Co...
Volume: 55Issue: 43Published at Fri, 19 Oct 2012 -
ENPPI Upbeat On Ethydco Ethylene Project
...EGYPT ENPPI Upbeat On Ethydco Ethylene Project The Egyptian Ethylene and Derivatives Company (Ethydco) ethylene project will be completed in 2014 at a cost of $1.2bn, according to Engineering for the Petroleum and Process Industries (ENPPI) Chairman and CEO ‘Abd al-Nasir Sa...
Volume: 55Issue: 42Published at Fri, 12 Oct 2012