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Oman Smashes Output Records
...,000 b/d in 2017 to 148,000 b/d so far this year – mainly a product of the Khazzan gas field ramp up and 2018 and the Rabab Harweel project coming online last year (MEES, 6 December 2019). ...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
BP: New North Africa Chief
...me online in March 2017. Together with a 10% stake in Eni’s giant Zohr field (see p6) WND helped boost BP’s net Egypt gas output to a record 952mn cfd for 2019. The North Africa total was 1.14bn cfd including 86mn cfd from Algeria. Oil output was 49,000 b/d (34,000 b/d Egypt, 15,000 b/d Algeria). Bu...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Egypt Lines Up Ammonia Project
...ll provide feedstock for a 350,000 t/y ammonium nitrate plant that EHC started up at Ain Sukhna in 2017. Tecnimont says the project will take 36 months from the contract effective date, which “will be triggered by financial closing of the project.” Tecnimont says EHC is negotiating with Italy’s Sace an...
Volume: 63Issue: 20Published at Fri, 15 May 2020 -
Qatar: Record Q1 Power Output
...Qatar’s state generator QEWC delivered record Q1 output of 8.64TWh for the first three months of 2020 (see chart 1). This follows a record 48.6TWh for 2019, up 23% on 2018 and 11% above the previous record of 43.9TWh in 2017. But it remains to be seen if the monthly record of 5.65TWh set la...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
Adnoc’s Ruwais At 46% Capacity
...alysts’ call that “we see a ramp-up in the next two months.” Mr Seele noted that there have been problems with the residue fluid catalytic cracker at 417,000 b/d Ruwais West and that he was optimistic the shutdown would be used to improve RFCC reliability. The refinery was shut down in January 2017 af...
Volume: 63Issue: 18Published at Fri, 01 May 2020 -
Algeria Inks E&P MoUs
...omising discoveries in Libya until it quit the war-torn country in 2017. The Turkish state firm is also currently causing headaches for Cyprus with its ‘exploration activities’ in the eastern Mediterranean (see p3). ...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Saudi Products Exports Slump
...ports of 89,000 b/d. However, for January, this switched to net imports of 7,000 b/d. This marked the first time since May 2018 in which the kingdom was a net importer of the fuel. Moreover, the 383,000 b/d net exports of diesel was the lowest since January 2017. ...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Egypt Refiners Hit New Highs
...tput (MEES, 24 January). Jet-kero output was a record 68,000 b/d in January, while at 173,000 b/d diesel was the highest since July 2011. Gasoline output was 98,000 b/d, down from December’s all-time high 103,000 b/d, while 87,000 b/d of naphtha was the highest monthly level since August 2017 (see ch...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Mauritania: Cairn Entry
...ES, 27 August 2012). After making a third sub-commercial discovery, Frégate, in 2012-13 (MEES, 13 February 2013), the two firms quit the acreage in 2017, only for Total to snap up Block C7 later the same year. BP and partner Kosmos are the key players off Mauritania with two major hub LNG de...
Volume: 63Issue: 11Published at Fri, 13 Mar 2020 -
KRG: Oryx Downgrade
...etaceous reservoirs.” Still, despite the reserves downgrade, 2019 saw Oryx’s most positive year yet in Kurdistan. Hawler is currently producing a record 14,500 b/d, having seemingly put previous geological woes behind it. Output stood at just 3,000 b/d in 2017, grew to 10,000 b/d by end 2018 (MEES, 15 Ma...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Aramco Trading Signs Kuwait Crude Deal
...Saudi Aramco’s trading arm, Aramco Trading (ATC) is rapidly stepping up its activities. Overall liquids traded in 2017 totaled just 1.40mn b/d, jumped to 2.17mn b/d in 2018 and 4.5mn b/d in 1Q 2019. The firm aims to reach 6mn b/d by the end of this year (MEES, 19 July 2019). It appears to ha...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Egyptian Firms Win Nuclear Work
...ich Egypt will begin repaying the loan (MEES, 15 December 2017). ...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Algeria’s 3.5BCM/Y Ain Tsila ‘Ahead Of Schedule’
...in line with the September 2022 timeframe outlined when Petrofac was last March awarded the key $1bn EPC contract (MEES, 15 March 2019); given Algeria’s record of chronic delays sticking to this latest target no doubt feels like a victory. The project had originally been slated for 2017 start-up (ME...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Qatar 2019 Powergen Record
...evious annual record of 43.9TWh in 2017. An all-time high of 5.65TWh was recorded in August, while December was just the latest in a long series of monthly records (see charts). Rising energy consumption is far from unusual in the GCC, but the scale of the annual increase in Qatar is remarkable. That sa...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
Bahrain Studies ‘Mega’ Fertilizers
...uity in GPIC: Bahrain’s Nogaholding investment vehicle; Saudi Arabia’s Sabic Agri-Nutrients; and Kuwait’s state petchems firm PIC. The planned gas study suggests GPIC is considering developing a new fertilizers complex to utilize gas from a huge tight oil and deep gas discovery made at the end of 2017...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Saudi City Of The Future Signs Up For Solar Desal
...Arguably the most ambitious, and certainly the most headline grabbing, element of Prince Mohammad bin Salman’s plans to shakeup Saudi Arabia’s economy is Neom. The futuristic “robot city” on the kingdom’s Red Sea coast comes with a $500bn price tag and was first announced in 2017 (MEES, 27 Oc...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
SEC: Sales Down, Profits Down
...2016 (MEES, 8 January 2016). The utility’s net profits peaked at SR6.91bn ($1.84bn) in 2017, but have since fallen due to changing consumer behavior (see chart). SEC NET PROFITS ($BN) ...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Saudi PIF Eyes Premier League
...gnate Mike Ashley. The UAE’s Sheikh Khaled bin Zayed al Nahyan failed last year in a bid to purchase the club from Mr Ashley, who put the club up for sale in 2017 (MEES, 31 May 2019). Riyadh has been accused of trying to ‘sportswash’ its human rights record. In December Riyadh hosted the heavyweight bo...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Egypt Gas Back On The Rise
...e global market amid suppressed prices (MEES, 20 December 2019). The lion’s share of output comes from the Mediterranean, where output rose to 4.281bn cfd for November. At 64.3% of overall output, this was the highest since March 2014, and nearly double the January 2017 nadir of 37%. The key co...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Borealis To Buy Nova Out Of US Petchems JV
...hylene to feed an existing 400,000 t/y polyethylene plant 120km westward at Bayport and a new 625,000 t/y PE plant alongside the cracker. The cracker is scheduled for start-up in late 2020 (MEES, 31 March 2017). ...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020