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Iraq’s Karbala Refinery Hits Full Capacity Despite Unresolved Technical Issues
...nancial delays that have afflicted other capital projects in Iraq, not least the Karbala refinery itself which was awarded almost a decade ago (MEES, 10 January 2014). A much-delayed 2015 project to add a new 70,000 b/d CDU at the 350,000 b/d Basrah Refinery is now slated for end-year completion, af...
Volume: 66Issue: 39Published at Fri, 29 Sep 2023 -
Egypt Refining Runs Rise To Record High
...22 were the lowest since 2014, whilst Egypt’s overall oil products imports of 144,000 b/d were also less than half 2016-17 levels (see chart 2). Egypt’s overall oil products demand has been edging up to its highest levels since around 2018 – even when excluding this year’s sharp uptick in fuel oi...
Volume: 65Issue: 39Published at Fri, 30 Sep 2022 -
Saudi Petchems Firms: Consolidation Ahead?
...ead in December 2018. Sipchem and Sahara had revived a merger plan that was shelved in 2014 as a massive collapse in crude prices slashed petchems earnings (MEES, 7 December 2018). Many of the other listed Saudi petchems firms – the Aramco/Dow Sadara joint venture is not traded on Tadawul – are su...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
Iraq Plans Qayara Refinery Expansion
...veiled plans for multiple greenfield refineries, but the only one to progress is a 140,000 b/d project at Karbala awarded to a Korean consortium led by Hyundai E&C under a $6bn contract in 2014 (MEES, 21 February 2014). The delayed project now targets 2022-startup, though even this looks optimistic. Th...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Northern Iraq Secures Vital Infrastructure Upgrades
...an to rehabilitate the Baiji-1 and Baiji-2 powerplants is also central to Baghdad’s broader initiative to restore services to the areas hardest hit by the Islamic State (IS) insurgency that wracked the country between 2014 and 2018. Baiji lies in Salahuddin Province and supplies power to the north, in...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Iraq Plots Post-War Refining Rebound
...start of the Haditha refinery and reported progress on repair work at three other refineries damaged during the occupation by Islamic State (IS) of a swathe of northern and western Iraq from early 2014. This year Iraqi forces and their allies have driven IS out of most of their formerly-controled Ir...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
What Embargo? Qatar Products Exports Hit Two-Year High
...tari oil exports rose to 1.09mn b/d, the highest figure since November 2014. Despite the products gains, July hydrocarbon export revenues were $4.18bn, down from $4.54bn in May prior to the blockade. The reason appears to be that Qatar handed discounts to buyers as reassurance. Certainly the ec...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
Israel Products Output Down 17% Amid Maintenance, Strike
...vernment’s energy conservation measures began to take effect (MEES, 7 April). Increased use of gas has also been key to curbing Israel’s oil demand. Gas’ share of the power mix hit a record 55.4% in H1 2017, with Israel’s burning of fuel oil in power plants falling to virtually zero since 2014. Gas co...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Iraq Looks To Breathe Life Into Nasiriya Refinery Project
...thin Iraq. The oil ministry’s Petroleum Contracts and Licensing Directorate (PCLD) “indefinitely” postponed bidding for the Nasiriya integrated project in June 2014 when Islamic State (IS) was making rapid advances across northern Iraq. The fighting never neared Nasiriya in the southern Dhi Qar pr...
Published at Fri, 30 Sep 2016 -
Iraq Looks To Breathe Life Into Nasiriya Refinery Project
...thin Iraq. The oil ministry’s Petroleum Contracts and Licensing Directorate (PCLD) “indefinitely” postponed bidding for the Nasiriya integrated project in June 2014 when Islamic State (IS) was making rapid advances across northern Iraq. The fighting never neared Nasiriya in the southern Dhi Qar pr...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Iraq: New Oil Minister Seeks Investors For Four New Refineries
...tween so-called Islamic State (IS) and federal forces beginning in June 2014. More recently, the 14,000 b/d Qayara refinery was virtually destroyed by IS fighters as they withdrew in July. The upshot is that even under the most optimistic calculations, capacity is just 566,000 b/d (see table). NEW PR...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Iraqi Kurdistan To Shake Up Shadow Refining Sector
...rket demand for crude was about 250,000 b/d in 2014. Genel says the Kalak and Bazian refineries typically require about 120,000 b/d and local traders comprise an additional ‘swing’ consumption of up to about 120,000 b/d for use in topping plants and for regional sales. Genel’s 250,000 b/d estimate fo...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Israel Refineries Maintain KRG-Fueled Near-Record Runs
...mes on the back of near-100% runs for 2014. Added together with shipping data, this indicates that the two plants are continuing to gorge themselves on cut-price crude from Iraqi Kurdistan. > The KRG has increased its independent crude exports from the Turkish Mediterranean port of Ceyhan to ar...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
GCC Fertilizers Capacity Hits 41Mn T/Y, But Feedstock Crunch Awaits
...mpeting technologies may curb their ambitions. GCC fertilizer capacity rose from 20.2mn tons/year in 2004 to 40.9mn t/y in 2014, according to the Gulf Petrochemicals and Chemicals Association (GPCA). Capacity grew by 4% in 2014 alone, according to the GPCA’s freshly-released ‘Fertilizers Indicators 2014...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Oman Eyes 2018 Completion Of Linked Downstream Projects, But Liwa Cost Rising
...ld reporters this week that work on the Sohar refinery expansion, which began in 2014, is expected to be completed in the fourth quarter of 2016. The products pipeline and storage terminal are scheduled for completion in 2017, while Liwa will be ready for start-up in 2018. LIWA COULD COST $5B...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Crude Output Hits Record Ahead Of Refining Expansion
...untry’s main producer, averaging 943,000 b/d of oil and condensates output in 2014. With state-owned refiner Orpic’s two refineries having combined capacity of 222,000 b/d, the bulk of Oman’s liquids output is available for export. Crude intake at the Sohar and Mina al-Fahal refineries averaged 19...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Iran Looks To Tap Foreign Investment In Bid To Advance Downstream Plans
...jor exploration and production drive with improved oil and gas investment terms in comparison to the earlier buyback contracts (MEES, 31 July), while petrochemicals firm National Petrochemical Company (NPC) is seeking investors to complete more than 60 stalled projects (MEES, 10 October 2014). NI...
Volume: 58Issue: 36Published at Fri, 04 Sep 2015 -
Key Project Shelved As Qatar Shifts Petchems Strategy
...10 Q-Chem II HDPE 350 2010 Linear a-Olefins 345 Total 2014 15...
Volume: 57Issue: 39Published at Fri, 26 Sep 2014 -
Algeria Fertilizers Capacity Rising After Sonatrach Signs New Gas Deals
...dernourished, but there are signs of green shoots. For a start, state petroleum regulator Alnaft is offering 31 blocks to encourage oil and gas exploration – although potential bidders are challenging the terms (MEES, 22 August). Sorfert Ramp-Up In its first half 2014 results Orascom says that “ramping up...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
KNPC Extends Al-Zour Bidding
...tairi says the tender deadlines have been extended until November 2014 and January 2015. “We are targeting April 2015 to sign the contracts for Al-Zour,” Mr Mutairi tells Reuters. This would represent little slippage, as the company earlier said it would award engineering, procurement and construction co...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014