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Saudi Mega-Projects Take Shape As Sadara Completes Financing
...cember 2014. IPC in June 2012 obtained a SR1.4bn ($373mn) loan from four Saudi banks and in November 2011 a SR600mn ($160mn) loan from Saudi Industrial Development Fund (SIDF). Meanwhile, on 13 June US plastics firm Invista announced an exclusive agreement with Petrochemical Conversion Company (PC...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Mideast Refining Capacity Edges Up, Runs Fall
...st ambitious expansion plan – three 400,000 b/d capacity refineries, due onstream in 2013, 2014 and 2016. The UAE is building a 417,000 b/d plant which is due onstream in 2014, while Algeria’s Sonatrach has announced a plan to build four 100,000 b/d capacity refineries for 2017 start-up. Also Oman is lo...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
Technip Awarded Iraq And Abu Dhabi Refinery Contracts
...ew to completion in 2014. The company recently said the Ruwais expansion project was more than 85% complete. The expansion is mainly aimed at keeping pace with rising domestic demand for cleaner gasoline and jet fuel, while also enabling the export of products to Asia. Takreer says the objective of th...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Libya Eyes $80bn Downstream Drive
...oadly diversified.” Three petchem complexes are envisaged; in Mellitah and Zawiya in the west and at Benghazi in the east. Of the latter site Dr Ellob notes: “It is near population centers and can help create jobs.” Estimated costs for the three complexes, to be built in 2014-25, are $50-60bn. All three pe...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Turkey Joins MENA Capacity Surge As Socar Awards STAR Refinery Contract
...intains that the official start-up target is still fourth quarter 2014. The IEA also expects start-up of Kuwait’s planned 615,000 b/d Al-Zour refinery “by 2022”, although Kuwait National Petroleum Corporation (KNPC) still aims to complete the plant by 2018. KNPC recently reissued invitations to bi...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
IEA Sees Middle East Refiners Adding 2.5Mn B/D Of Capacity In 2013-18
...ant at Yanbu’, originally slated for 2014 completion, is now “scheduled for 2017-18.” Elsewhere, the region’s largest capacity addition will be in the UAE, where a new 420,000 b/d refinery at Ruwais is due online in 2015. “This high-conversion project,” says the report, “will process heavy re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Qatar Awards Condensate Splitter Project To Chiyoda/CTCI
...pected to be commissioned in the second quarter of 2014. This will have capacity to process all the light gasoil from both LR1 and LR2 into ultra-low-sulfur diesel. Detailed engineering work for LR2 began in April. The front end engineering design (FEED) for LR2 was carried out by France’s Te...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...r ethylene derivatives: “From 2014 excess supply is expected to reach 5mn t/y or more, due to the increases in excess supply in the Middle East as well as the increase in ethylene production capacity making use of shale gas in the US.” The International Energy Agency meanwhile sees global et...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Total Signs $1.3bn Ras Laffan Condensate Splitter Deal; Seeks Saudi, Iraq Projects
...tsui (1%). A diesel hydrotreater, which will process gasoil from Ras Laffan 1 and 2, should be commissioned by the second half of 2014. It will produce “ultra-low-sulfur diesel, which meets the most stringent environmental specifications,” QP said. Like its peers, Total sees the Middle East and Asia as...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
MENA Refiners Mull New Projects Amid Major Expansion Program
...e Ruwais plant a 417,000 b/d refinery that is due to start up in 2014. Takreer is also building a carbon black and delayed coker plant at Ruwais, with completion scheduled for December 2015 (MEES, 9 November 2012). Meanwhile, UAE government investment vehicle International Petroleum Investment Co...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Iran Marks Progress On Condensate Refinery
...e first of which is officially scheduled to be brought on-line in 2014. When completed, the plant will have capacity to produce 36mn liters/day (225,000 b/d) of gasoline. IRNA quoted National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Alireza Zeighami as sa...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
UAE NGL Projects To Boost Exports, Borouge Capacity
...om Ruwais 4 will feed the Borouge 3 petrochemical plant where a planned 1.5mn t/y ethylene cracker will lift the partially state-owned firm’s total ethylene capacity to 3.6mn t/y. It is expected to be completed in 2014, in line with the Shah ultra sour gas field – which will be a source of fe...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Aramco Lines Up Samsung For Riyadh Clean Fuels Projects
...amco/Sinopec) Yanbu' New 400,000 b/d plant due on-stream 2014 Saudi Aramco Jazan New 400,000 b/d plant due on-stream 2016 Saudi Aramco Ras Ta...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Gulf Refiners Progressing Upgrading And Expansion Projects
...tended to meet domestic demand for cleaner fuels beginning in 2014. The company is also building a carbon black and delayed coker plant at Ruwais, with completion scheduled for December 2015 (MEES, 9 November 2012). Qatar’s Laffan Refinery Company is planning to double the capacity of its pl...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Gulf Refiners Set For Major Crude Distillation Capacity Boost
...abia 400 2013 Yasref (Saudi Aramco/Sinopec) Yanbu', Saudi Arabia 400 2014 Takreer Ruwais, UAE 41...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Petchem Firms Face Saudi Ethane Supply Restrictions
...oject is a dual‐feed cracker which will produce 1.5mn t/y of ethylene and 400,000 t/y of propylene. Sadara, however, scheduled for a 2014 startup, is unlikely to be on stream before 2016 – it has not yet started building the cracker, which will take three years. Saudi Aramco CEO Khalid al-Fa...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
Bapco Nears Sitra Decision Time
...e equivalent of 400-800mn cfd for 15 years starting in 2014. “We need the gas. Without this gas…all our other plans, all the refinery plans and modernizations mean nothing,” one Bahraini oil executive tells MEES....
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Saudi Aramco Pushing Refinery Projects, Marks Jazan Milestone
...industrial city capable of attracting investors.” In May Yanbu’ Aramco Sinopec Refining Company (Yasref) estimated progress on the project, due on-stream in the second half of 2014, at 20%. Saudi Aramco says the refinery will process 400,000 b/d of Arabian Heavy crude oil and will produce hi...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
QAPCO Inaugurates LDPE 3 Plant At Mesaieed
...art of the complex. Other planned units will have capacity to produce 850,000 t/y of high density polyethylene (HDPE); 430,000 t/y of LDPE; 760,000 t/y of polypropylene; and 83,000 t/y of butadiene. QP announced in September that it plans to borrow $10-13bn in 2014 to finance three projects at...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Middle East Refining Capacity To Rise, Says OPEC
...01 0.03 0.11 0.59 0.22 0.33 1.76 2014 0.09 0.41 0.05 0.00 0....
Volume: 55Issue: 47Published at Fri, 16 Nov 2012