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Iran Testing Star Project
...litter plants, the PGS units deliver naphtha into a reformer for processing further into reformate, a key blending component for gasoline. NIORDC is already operating two phases of PGS, the first being brought online in April 2017 and the second in February this year. The PGS project is central to Iran’s bi...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Kuwaiti MPs Prepare Grillings As ‘Summer’ Ends
...bah and Oil Minister Bakhit al-Rashidi. The return of parliament frequently marks the exit of government ministers, and indeed the previous government resigned en-masse in November 2017, leading to Mr Rashidi’s appointment that December (MEES, 15 December). EGYPT’S FOREIGN RESERVES* HIT RECORD $44...
Volume: 61Issue: 43Published at Fri, 26 Oct 2018 -
Aramco Chinese Refinery MOU
...val state giant PetroChina’s 260,000 b/d Anning plant in southwestern Yunnan province. Meanwhile, in May 2017 Aramco signed a joint development agreement with China’s Norinco and Panjin Xinchang for a refinery and petchems project in Liaoning in China’s northeast. Qatar’s QP previously pursued a 40...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Korea Takes Libyan Condi
...ports from Iran fell from 361,000 b/d for 2017 to just 55,000 b/d for August and zero for September, volumes from alternate suppliers of condensate have soared (Korean stats don’t split crude and condensate). Korea took 230,000 b/d from Qatar in September, a two year high; the 509,000 b/d from Ku...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Mubadala Shelves Cepsa IPO
...0,000 b/d for 2017. Historically Cepsa core business has been two Spanish refineries which contributed 43% of Cepsa’s net profits in 2016 and 2017. However these plants are not a clear fit with Mubadala’s overseas strategy. Petchems is a better fit. Cepsa has plants totaling 2.58mn t/y capacity in Sp...
Volume: 61Issue: 42Published at Fri, 19 Oct 2018 -
Drilling Tie-Ups Focus On Mideast
...ntracts in the kingdom (MEES, 13 January 2017). The deal will create “a leading offshore driller by fleet size, geographic presence and customer base, with 82 rigs spanning six continents and collectively serving more than 35 customers, including the largest national oil companies, international ma...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Saudi-Bahrain Pipeline Completed
...arded the $4.2bn EPCC contract for the long-planned Bapco Modernization Program in late 2017, with contractors anticipating completion in 2022 (MEES, 8 December 2017). ...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Shamaran Plans EPFs at KRG
...rathon’s 15% stake to boost its share to 35.1%. The KRG holds the remaining 25%. Production began in July 2017 and while capacity is 30,000 b/d the closest it has come was 27,000 b/d in January. Since then output has been hampered by technical problems and fell to around 12,000 b/d in April before bo...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Noble Completes Tamar Farm-Down
...rel for $450mn in July 2017 before setting up Tamar Petroleum as a vehicle to sell off additional stakes (MEES, 30 June 2017). The largest single shareholder is now privately-owned Israeli firm Isramco with 28.75% though Noble, with 25%, remains operator (see chart). NOBLE COMPLIES WITH RE...
Volume: 61Issue: 40Published at Fri, 05 Oct 2018 -
Libya Drilling: Schlumberger Boost
...is included work not only for Agoco but also for fellow NOC subsidiary Sirte Oil and Gas (MEES, 13 October 2017). It is unclear if all of the latest drilling is at Agoco fields. Prior to latest onshore drilling ramp-up, Libya’s only active rig was at Eni’s offshore Bahr Essalam gas-condensate fi...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
First Crude To Aramco Jv Refinery
...ar and will have the option to supply up to 70% of the plant’s crude feedstock (MEES, 3 March 2017). Aramco says that in the longer term the refinery will provide feedstock for an integrated 3.3mn t/y petrochemicals complex. ...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Dea-Wintershall Agree Merger
...oduction company, with activity in twelve countries across Europe, Latin America, North Africa and the Middle East,” DEA says. Wintershall’s approximately 45,000 b/d net Middle East output comes exclusively from Libya while DEA’s 230mn cfd net output comes from Egypt (MEES, 1 December 2017). Co...
Volume: 61Issue: 39Published at Fri, 28 Sep 2018 -
Oman LNG: Record India Volumes
...ar. India remains a distant third among Oman’s LNG customers after South Korea and Japan. Korea took 2.83mn tons for the first eight months of 2018, down 4% on 2.96mn tons for Jan-Aug 2017. Japan took 1.95mn tons for January-July, up 10% year-on-year. Oman has in recent months received sharply di...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
China Takes VLCC Of Yemeni Crude
...,000 b/d from the Masila basin since restarting production in 2016 (MEES, 15 September 2017). Most is exported to China from the Ash Shihr terminal on Yemen’s coast. China received 32,000 b/d of Yemeni crude in 2017, but the cessation of Chinese import data in March and lack of Yemen export figures have ob...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Kuwait Tenders For 1.5gw Of Solar
...ready building Kuwait’s first utility-scale solar project, a 50MW plant at Al-Shegaya (MEES, 21 July 2017). ...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Turkey Eyes Sudanese Oil
...troleum Corporation (TPAO) will explore for oil in an “area” yet to be disclosed. In addition, Sudan has designated 780km² of land for Turkish agricultural companies to develop. Trade between Turkey and Sudan was $480mn for 2017, down from 2016’s $510mn according to Turkish central bank data, re...
Volume: 61Issue: 37Published at Fri, 14 Sep 2018 -
Korea Oil Imports: Algeria, US Gain From Iran Slide
...rea leapt to 11th place among Algeria’s export markets for the first seven months of 2018, with January-July earnings (ie without the latest record month) just shy of the whole-year 2017 figure of $692mn (MEES, 31 August). Korea imported a record 889,000 tons (209,000 b/d if crude) from the US in Au...
Volume: 61Issue: 37Published at Fri, 14 Sep 2018 -
Sonatrach LPG Train Award
...-15mn m³/d (350-530mn cfd) of gas for processing (MEES, 15 September 2017). Tecnimont expects the contract to be formally signed this month, after which project completion should take 30 months....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Mubadala: Russian Expansion
...e new makeup is Gazprom Neft 49%, Mubadala Petroleum 44%, RDIF 5%. Gazpromneft-Vostok operates 13 fields in the Tomsk and Omsk regions of Western Siberia. Output in 2017 was 1.6mn tons (approximately 33,000 b/d) and Gazprom Neft says crude is exported though the Eastern Siberia-Pacific Ocean pi...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Aramco: Korean Study, Rapid Progress
...ke 50% of the JV last year (MEES, 3 March 2017) and will have the option to supply up to 70% of the plant’s crude feedstock.tronas has the remaining 50%....
Volume: 61Issue: 36Published at Fri, 07 Sep 2018