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Baghdad-KRG Refining Deal Eases Light Products Shortfall
...nths of 2017. Diesel demand has averaged just short of 100,000 b/d in January-April 2017. Recent improvements in reducing gas flaring have significantly cut the need to burn diesel in power plants at times of peak electricity demand (see chart 4). Iraq’s refineries are relatively unsophisticated – th...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
Aramco Seeks Talks On Indian Refinery, Part Of Asian Downstream Push
...649 1,480 *MOTIVA SPLIT IN Q2 2017 GAVE SHELL 100% OF CONVENT & NORCO REFINERIES, ARAMCO 100% OF PORT ARTHUR. ^ARAMCO OWNS 63.4% OF S-OIL WITH THE REMAINDER FLOATED. SOURCE: SAUDI ARAMCO, PARTNERS. RECENT DEALS Aramco’s interest in the Indian downstream is also in line wi...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017 -
Sadara Starts First Saudi PMDI, BGE Plants; Targets Polyurethane, Solvent Markets
...lyolefins complex. Petro Rabigh is currently nearing completion of the Rabigh 2 expansion project, which will add a further 2.6mn t/y of petchems capacity, including 1.34mn t/y of paraxylene. Petro Rabigh currently expects to finish building Rabigh 2 in the second half of 2017. SQUEEZING SABIC Ar...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Adnoc Strengthens OMV Ties With Abu Dhabi Downstream Expansion Plans
...oduce a broader range of chemicals. Borealis says a final investment decision (FID) for Borouge 4 would likely be taken “around the end of 2017” with a view to plant start-up around five years after FID. Borouge also plans another polypropylene plant, PP5, which it aims to approve in 2017 to be “up an...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Egypt’s Gasoline Imports Rising, But Key Hydrocracker Start-up Put Back To 2018
...eady. First quarter gasoline net imports averaged 71,000 b/d, the same level recorded for 2016 as a whole. However, Q1 2017 net gasoline imports are almost 40% higher than the 51,000 b/d recorded for Q1 2016, suggesting that 2017 as a whole may prove to be another record year. In contrast, Egypt’s ne...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Oil Price Rebound Boosts Saudi Petchems Sector, Sabic Touts Restructuring Benefit
...ghest since 2013’s total SR555bn. As usual the petrochemical sector results are dominated by state-owned giant Sabic, which reported an 80% hike in first quarter net profits year-on-year to SR5.24bn ($1.40bn) and a 51% increase over returns for the fourth quarter 2016. Sabic’s Q1 2017 net profit co...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Sadara Polyolefins Fully Operational, Rabigh 2 Slated For 2H 2017
...dara" in 2017. With the olefins and polyolefins chain now operational, Sadara will next bring online the ethylene oxide and propylene oxide and derivatives units, before completing the aromatics plant and linked isocyanates and polyols units. Sadara expects most of its final products to be ex...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Oman, Kuwait Sign Multi-Billion Refinery Deal
...ll be awarded in the next two months and that the foundation stone for the project will be laid at the end of 2017. UK’s Amec Foster Wheeler completed front end engineering design for Duqm refinery recently, while DRPIC has completed prequalification and invited bids for the EPC work. Mr Zedjali sa...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Kuwait Refinery Shuts, New Capacity Delayed, Crude Exports To Rise
...til the start-up of the country’s ambitious $12bn ‘clean fuels project’ refinery expansion and upgrade plans. But this in turn has been pushed back from 2017 to 2018-19, and even the latter timeframe may prove ambitious. KNPC brought forward the Shuaiba shutdown after a series of unscheduled ou...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Aramco, Sabic Ink China Downstream Deals During King Salman’s Asian Tour
...ars. But it was knocked off its perch in 2016, with Russia edging it out (by 1.05mn b/d to 1.02mn b/d). It’s got off to a strong start in 2017, beating Russia in the first two months: in February, China imported 1.25mn b/d from Saudi – the most since February 2016. At a development forum in Beijing on...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
Aramco Agrees To Pay Shell $2.2bn In Break-Up Of US Motiva Refining JV
...0 Overseas Current & Planned 3,114 1,412 *CURRENT STAKES. MOTIVA TO BE SPLIT IN Q2 2017 WITH ARAMCO TAKING 100% PORT ARTHUR AND SHELL 100% OF CONVENT & NORCO. ^ARAMCO OWNS 63.4% OF S-OIL WITH THE RE...
Volume: 60Issue: 10Published at Fri, 10 Mar 2017 -
Aramco Pays Petronas $7bn For 50% Stake In Rapid Project
...sic engineering design for the Cilacap expansion is due for completion in first quarter 2017, with front end engineering design (FEED) scheduled to begin in the second quarter and project start-up slated for 2021. Aramco chief executive Amin Nasser says the company is also interested in expansion pr...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
Kuwait Advances Petchems Expansion With Key Olefins, Aromatics Awards
...a KD34.2bn ($112bn) national investment plan for the period 2015-19. The plan, since expanded to $115bn for 2017-21, included the new refinery at Al-Zour and a clean fuels project at two of Kuwait’s existing refineries (MEES, 20 February 2015). The new parliament, elected in November, is less co...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
Shell Sees Qatar’s Pearl GTL Plant Offline For ‘A Couple Of Months’
...Shell anticipates that its Pearl gas-to-liquids (GTL) plant at Ras Laffan in Qatar may be offline into the second quarter of 2017 as it works to fix a problem with “some or all” of the plant’s 18 gasifiers. The problem came to light in late December, when the Anglo-Dutch major announced that it...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
Algeria’s Sonatrach Lines Up Majors For Petchems Projects
...d 9 bcm/year (870mn cfd) of output by the end of 2017. However, Sonatrach’s petchems plans – if all occurred as planned – would add over 650mn cfd to Algeria’s gas-based feedstock requirement by 2021. This need for gas, coupled with a major capital requirement, will likely thwart any rapid pe...
Volume: 60Issue: 05Published at Fri, 03 Feb 2017 -
Aramco Awards Ras Tanura Clean Fuels, Seals Indonesia Deal
...nfiguration has been completed and the process to select technology licensors will start soon. Basic engineering design work is scheduled for completion in first quarter 2017, with progress to FEED in the second quarter and project start-up slated for 2021. The Cilacap expansion is a key part of Aramco’s ov...
Volume: 60Issue: 02Published at Fri, 13 Jan 2017 -
Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU
...anian year in March 2017 through short-term usance and medium-terms contracts. NPC investment director Hossein Alimorad says the company is talking with two German companies to open credit lines amounting to €12bn ($13bn), with Japanese firms for a total of €10bn ($11bn) including the Marubeni and It...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Aramco Sets Out Petchems Targets As Sadara Plant Inaugurated
...fore a permanent repair could be undertaken (MEES, 7 October). Rabigh 2 was originally scheduled to start up its first units in 2016, but the venture recently announced that construction is now not expected to be completed until the second quarter of 2017. Delays and scope changes have also raised the pr...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Qatargas Ramps Up Output At Ras Laffan 2 Splitter
...mpletion in Q3 2016. While a recent Ministry of Development Planning report said start-up had been pushed back from Q4 2016 to 2017 (MEES, 24 June), the latest information suggests a Q4 2016 start-up is still possible. Ras Laffan 2 will process untreated condensate from the giant offshore North Field. Th...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Saudi Exports, Output Full Steam Ahead Pre-Opec Meeting
...,000 b/d to 41,000 b/d. Yanbu’s manager Shaker Mahrous says “In terms of gasoline production, Yanbu Refinery is already in 2017, as it has achieved its 2017 year-end gasoline production target.” Refined products demand declined by 7% from 2.186mn b/d to 2.028mn b/d for September, and demand is slightly lo...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016