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Kuwait Hopes To Revive Stalled Petchems On Back Of Refinery Upgrade
...$9.7bn (MEES, 26 May 2023). The UK’s Amec Foster Wheeler was awarded a $34mn Feed contract for Olefins-3 and Aromatics-2 back in 2017 (MEES, 19 May 2017). However, the lack of foreign investor interest means a final investment decision has yet to be taken. The firm remains hopeful that it can se...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Oman’s Sohar Strengthens Gasoline Trading Hub Role
...dn’t impact trade of the fuel. Oman has been a net gasoline exporter since 2018 after upgrading and expanding its 197,000 b/d Sohar refinery the previous year (MEES, 17 February 2017), and both imports and exports have set new records each year since, with net exports steady at around 30,000 b/d on an an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Qatar Signs 10-Year Naphtha Deal With Marubeni
...wnstream investments leading to the inauguration of Qatar’s first three export trains in 1996 (MEES, 28 July 2017). However, the contract for Qatargas 1 expired in January 2022, with Marubeni losing its stakes in the project. More recently Marubeni has invested in regional renewable energy projects. Th...
Volume: 66Issue: 39Published at Fri, 29 Sep 2023 -
Oman Gas Networks: Expansion In The Pipeline
...derway or planned projects to expand the capacity of pipelines to meet existing and upcoming gas-fed projects along the sultanate’s coast. Oman’s gas sector took off in 2017 with the startup of the BP-operated Khazzan tight gas field, with the second phase Ghazeer development boosting capacity to 2bn cf...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
Lebanon Hooked On Diesel Imports Amid Financial Crisis
...shington earlier this year for “importing tainted fuel, causing significant harm to Lebanese power plants.” Interestingly, between 2017 and 2020 Lebanon’s fuel oil shipments originated mainly from the United States followed by several European countries including Belgium, Netherlands, and Spain. Ga...
Volume: 66Issue: 35Published at Fri, 01 Sep 2023 -
Iran Eyes Local Firms For Downstream Boost
...OEC), said on 30 August that “physical progress” had reached 95% at the 210,000 b/d CDU and 100,000 b/d VDU units. The project is financed by a 2017 Sinosure $1.3bn credit line (MEES, 10 February 2017), and Chinese state firm Sinopec has been involved. NIORDC expects the upgrade to be finalised this mo...
Volume: 65Issue: 36Published at Fri, 09 Sep 2022 -
Saudi Arabia: Oil Demand Up, Oil Exports Up
...ude burn figure was the highest since September 2017, when the kingdom burned 660,000 b/d of crude. As well as the more pronounced seasonality, more crude was also likely required to replace associated gas, production of which has fallen alongside crude oil. Meanwhile domestic consumption of fuel oi...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Iraq Plans Qayara Refinery Expansion
...mple topping plant at Qayara (MEES, 2 November 2018), which was rehabilitated in 2017 and suffered a small fire at one of its storage tanks last week. The lack of a capable refinery means volumes are trucked for export from Basra’s Khor al-Zubair terminal. Qayara’s poor quality means it is sold at...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Israel Sees Record Crude Stockbuild
...e average 2019 figure. Q2 saw quarterly record of 339,000 b/d. *Even allowing for crude re-exports, which hit 92,000 b/d in June, the highest since February 2017, but averaged a far more modest 22,200 b/d for 1H 2020 as a whole, Israel’s net crude imports of 294,800 b/d for Q2 are still over 80...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Northern Iraq Secures Vital Infrastructure Upgrades
...fensive, causing total federal Iraqi refining output to drop from over 600,000 b/d in 2013 to just under 400,000 b/d by early 2015. Baghdad has since managed to raise refining capacity, with output jumping from an average of 539,000 b/d in 2017 to 718,000 b/d in 2018 but the north has struggled to feel the ef...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Saudi Arabia Chases Ambitious Downstream Strategy
...come depends on crude oil prices. Aramco’s rising revenues during 2016-18 coincided with rising crude prices. Arab Light averaged $40.96/B in 2016, $52.59/B in 2017 and $70.34/B in 2018. A downturn in Aramco’s revenues for 2019 is likely given that the Arab Light price averaged $66.33/B in first ha...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Egypt Starts Up Gasoline Unit As Part Of Plan To Slash Fuel Imports
...esel, which though they have fallen since peaking in 2016, remain at stubbornly high levels (net imports of 123,000 b/d for diesel and 55,000 b/d for gasoline in Q2 2017 – see chart). The six projects, including the naphtha reformer, will when operational have combined capacity to produce 2....
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Adnoc Keeps Squeezing The Bottoms
...to unleaded gasoline and polymer grade propylene. This plant is still offline after a fire at the RFCC in early 2017 and not expected back online until early 2019 (MEES, 7 July 2017). Adding pressure on Adnoc’s propylene supplies, the company’s Borouge joint venture recently signed an en...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Iran Targets Unlikely Gasoline Boost As Demand At All-Time High
...,000 b/d of gasoline. Two phases of PGS are currently operational: the first began operations in April 2017 and the second in February this year. The start-up of each did lead to an immediate dip in Iran’s need for gasoline imports, MEES analysis of Jodi data shows. But a sizable need for imports re...
Volume: 61Issue: 37Published at Fri, 14 Sep 2018 -
Adnoc’s Downstream Squeezing More Out Of ‘Bottom-Of-The Barrel’
...ed to make anodes for separating aluminium from bauxite ore, so the coker’s output will likely be mainly destined for UAE aluminium plants. The UAE is the world’s sixth largest aluminium producer with 2.6mn tons of 2017 output. Next to be completed will be the plant’s carbon black unit, which wi...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Iraq Plots Post-War Refining Rebound
...crude oil has this year exceeded the combined 544,000 b/d nameplate capacity of operational federal refineries, reaching a peak of 591,000 b/d in April and averaging 553,000 b/d for January to July 2017, compared with 446,000 b/d for 2016 (see chart). This was achieved through a deal with the Ku...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
What Embargo? Qatar Products Exports Hit Two-Year High
...e lowest since 2009, and domestic demand of 230,000 b/d had more than doubled since 2010. Despite the earlier outages, exports ought to breach 500,000 b/d for 2017 for the first time since 2013. Crude oil exports also rose in July to a four-month high of 496,000 b/d. The upshot is that total Qa...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
Egypt Starts Work On Assiut Refinery Upgrade To Boost Gasoline Output
...ise light products output and reduce Egypt’s dependence on imports – Egypt has been a net importer of gasoline since 2010 and has long imported diesel – to meet domestic demand. Gasoline demand averaged 170,000 b/d in the first half of 2017, suggesting that consumption is on track to surpass last ye...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Egypt Fuel Oil Upgrading Plans Struggle To Keep Up With Demand
...pacity for Euro V diesel. Overall ERC output capacity will be 4.2mn t/y. Egypt’s diesel demand averaged a record 305,000 b/d in the second quarter of 2017, up from 2016’s annual record of 297,000 b/d. The country’s diesel output has meanwhile flatlined at around 140,000 b/d since 2012, leaving Egypt re...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Israel Products Output Down 17% Amid Maintenance, Strike
...The operators of Israel’s two refineries say scheduled maintenance was the key reason their output fell by a combined 50,000 b/d (17%) year-on-year in the first half of 2017. But a strike in June didn’t help. A diesel unit fire last month added to the woe. The smaller of Israel’s two re...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017