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Assad In From The Cold As GCC Countries Hit The Road To Damascus
...construction (MEES, 22 December 2017), any participation would prove crucial – especially considering that Russia and Iran lack the cash Mr Assad needs (see p8). The future of Syria’s relations with the Gulf kingdoms also has interesting implications for the evolution of Riyadh’s foreign policy. Under the Cr...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
King Salman Asserts Authority In Saudi Reshuffle
...e turnaround for Mr Assaf who was sacked as finance minister in October 2016. He was subsequently caught up in the infamous anti-corruption purge instigated by the Crown Prince in 2017 and detained at the Riyadh Ritz-Carlton. The new foreign minister’s key task will be to burnish the kingdom’s re...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Aramco Looks To Crack Texas With $6.6bn Shale-Fuelled Petchems Plans
...panding Motiva’s Port Arthur facilities and to capitalize on cheap US ‘shale’ feedstock (MEES, 26 May 2017). Other Aramco pronouncements also suggest that the latest plans may be only the first stage of investment. Aramco in 2017 flagged up a potential $30bn in ultimate investment in Motiva’s US op...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Aramco Adds Retail Expansion To Downstream Ambitions
...ES, 12 October 2018). Most of Aramco’s current retail sites are operated by its Motiva subsidiary, which transferred the 635,000 b/d Port Arthur refinery in Texas as well as 5,000 Shell-branded retail stations to Aramco’s ownership when Shell exited the former 50:50 joint venture (MEES, 10 March 2017...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Saudi Power Project Schedules Slide,But Outlook Stable
...ES, 5 October 2018). Saudi Arabia’s third largest power plant under development, oil-fired 3.1GW Yanbu 3, is undergoing tests, despite state-owned power and desalination plant operator SWCC in January 2017 canceling the $1.5bn EPC contract that was awarded to Korea’s Samsung and partners China’s Se...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Saudi Awards Key Desalination Plant
...wa had equity in assets with a combined capacity to generate 22.6GW of electricity and desalinate 2.7mn m³/d of water as of the end of 2017, mainly in Saudi Arabia but also in Oman, UAE, Jordan and Morocco as well as outside the Mena region (MEES, 21 September 2018)....
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Egypt: ‘Imminent’ Start Up At Key Downstream Project
...untry’s products deficit (MEES, 15 June 2018). Net products imports were 220,000 b/d for the first eight months of 2018 including 132,000 b/d of diesel and 56,000 b/d of gasoline, although all three figures were down on 2017....
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Red Sea Bidding Delayed
...urce. The bid round falls under the jurisdiction of the oil ministry’s southern Egypt focused arm Ganope, which signed a $750mn deal in December 2017 with Norway’s TGS and House-based oilfield services firm Schlumberger to compile geophysical data covering 60,000km² in the Red Sea (MEES, 26 October 20...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Brazil: 2018 Output Flatters To Deceive
...*At the start of 2018 Brazil was tipped to provide a key boost to global oil supplies as deepwater ‘pre-salt’ output continued to ramp up on the back of 2017’s record 2.62mn b/d. *Things haven’t exactly gone to plan. Not only has output not risen, at 2.57mn b/d for January-November it is ac...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019