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Mena Petchems Firms See PDH Process As Key To Exploiting Propane Resources
...ypt 2011 *480 EPPC n/a EGPC 0.8 400 PP Ruwais, UA...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Saudi Arabia Chases Ambitious Downstream Strategy
...OFITS AND REVENUE REMAIN BELOW THEIR 2011 PEAK ($BN) DOWNSTREAM DEALS Besides the Sabic buy-in, Aramco has been progressing a number of overseas downstream projects in order to further the twin strategies of diversification and securing markets for its crude exports. Ar...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Aramco Eyes Chinese Take-Away From Sabic Purchase
...en increasingly shifting towards Europe, with exports to Asia halving from 734,000 b/d in 20116 to 358,000 b/d last year. Sabic opened a technology center in Shanghai in late 2013 with the aim of becoming the “preferred technology partner” for its Chinese customers. The center is leading Sabic’s de...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Saudi Oil Sector Feeling The Strain Of Opec Cuts
...fined products have averaged just 290,000 b/d this year, against 913,000 b/d for 2018 as a whole. If this persists over the course of the year, it would be the smallest rate of imports since 2011. Despite this and the recent decline in refining run rates, exports of refined products remain co...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Shell’s Oman GTL Proposal: What’s Changed This Time Around?
...G) are aimed at developing the Gulf’s third gas-to-liquids (GTL) project, a surprising prospect given that the cost of Shell’s Pearl GTL plant in Qatar trebled from $6bn to $18.5bn between 2006 go-ahead and 2011 completion. Shell and Total are holding talks with MOG for a proposed $19bn in...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Sabic Boosts Transparency Ahead Of Aramco Takeover
...17 slump (see chart). Historical Sabic data does not break out fertilizers and metals before 2015. While total Sabic output reached a record 75.3mn tons in 2018, annual total production had hovered around the 70mn tons level during 2011-17 after regular annual growth previously. Last year Sa...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
IMF: Praise, $2bn For Egypt
...rong remittances, while unemployment has declined to its lowest level since 2011.” A combination of “the authorities’ fiscal consolidation efforts and high nominal GDP growth” means Egypt’s public-debt-to-GDP ratio “declined markedly” from 103.2% for 2016-17 to 92.6% for 2017-18 and a forecast 86...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Lebanon’s Ailing Economy: Will The Music Stop in 2019?
...de? Wracked by political deadlock and a refugee crisis from neighboring Syria, Lebanon’s economy has sputtered along for the better part of the last decade. GDP growth has averaged a paltry 1.7% since 2011 as the country has racked up a series of bumper budget deficits. Despite slogging onward, the co...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Cash-Rich Gulf State Refiners Seek Overseas Capacity, Integration
...0 106 106 Overseas (OOC): Bina (2011) 50 120 60 *CLEAN FUELS PROJECT WILL CHANGE COMBINED CAPACITY TO 800,000 B/D BY END-2019. SO...
Volume: 61Issue: 31Published at Fri, 03 Aug 2018 -
Saudi Products Exports At Record Highs
...nce June 2014, while total oil stocks of 320.0mn barrels were the lowest since December 2011. Aramco’s push to expand its products exports means that it is becoming a bigger customer for its own crude. The company’s 2.86mn b/d of refining capacity is scheduled to get a 400,000 b/d boost beginning la...
Volume: 61Issue: 29Published at Fri, 20 Jul 2018 -
Saudi Petchems JVs Get Greedy For Naphtha, Cutting Into Exports
...ll, to a total 234.4mn barrels at the end of April, the lowest since November 2011 and the seventh consecutive monthly decline. Total oil stocks also fell to 320.4mn barrels, the lowest since December 2011 (see table, p10). ...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Aramco Boosts Downstream, International Experience
...itish MD of Shell 1991-98, Chair 1998-2001 Andrew Gould British Chairman Schlumberger 2003-11, BG 2011-12 Amin Nasser Sa...
Volume: 61Issue: 18Published at Fri, 04 May 2018 -
Sabic Seeks Big Projects As Reorganization Continues
...s second best year in output terms, a recovery in net income to $4.9bn – aided by the linking of petchems prices to crude oil – was still less than two-thirds of its record $7.8bn in 2011 (see charts). The bulk of the drop in output for 2017 was accounted for by the company’s ‘metals’ division, wi...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Egypt: Increased Gas Availability Boosts Petchems Producers
...eat.” GEOPOLITICAL RISK Methanex faced a baptism of fire in Egypt. On 26 January 2011 it announced the plant’s start up: four days later it withdrew staff as protests against President Mubarak escalated. Mubarak was overthrown the following month but instability continued. Whilst oil and gas in...
Volume: 61Issue: 06Published at Fri, 09 Feb 2018 -
Libya Refinery ‘Resolution’ Fails To Hide Need For Multi-$bn Investment
...bear equally the cost of arbitration in the absence of a “clear prevailing party.” The tribunal dismissed a $4.4bn claim by NOC against Lerco for an alleged refusal to take-or-pay crude deliveries and another claim for payment for oil allegedly delivered to the refinery during the 2011 uprising, Le...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Cairo Advances Energy Sector Privatizations
...ck to levels last seen at the start of the 2011 revolution. Egypt received the first $2.75bn tranche of the IMF cash last November with a second, $1.25bn, tranche approved on 13 July. The IMF delegation came to Egypt to review the reforms with the government last May. They announced in a st...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Pearl GTL: Shell Bullish But Gasifier Worries Linger
...laysia. Pearl, a test case of whether the ‘Bintulu’ technology is fully scalable, is a two-train plant. The first train was started up in early 2011 and the plant reached full commercial operation by the end of 2012. Pearl is Qatar’s second GTL plant. South Africa’s Sasol started up the $950mn, 32...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Sabic Output At Record High In 2016, But Net Income Lower In ‘Pivotal Year’
...an halving in oil prices far better than it did in 2009, when a more modest fall in oil prices saw earnings collapse to just $2.42bn (see charts). Net income has fallen every year but one since 2011’s record $7.80bn despite steadily rising output since. Production numbers are somewhat confusing as...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Aramco Pays Petronas $7bn For 50% Stake In Rapid Project
...uthwestern Yunnan province, having signed a memorandum of understanding in March 2011. CNPC has finished building the 260,000 b/d refinery, the first in the landlocked province, and aims to import crude for the plant via a spur line from the 2,400km, 440,000 b/d Myanmar-China pipeline, which will receive cr...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
Shell Sees Qatar’s Pearl GTL Plant Offline For ‘A Couple Of Months’
...jacent 120,000 b/d NGLs and ethane plant take around 1.6bn cfd of gas from Qatar’s giant North Field. The combined GTL/liquids project reached full commercial production at end-2012, following start-up of the first GTL train in early 2011 and the first commercial cargo of gasoil in June 2011. The co...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017