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Israel’s Oil Sector: Inching Towards Supply Security
...ESUMES OIL DEMAND STEADY AT 2017-19 LEVEL OF 230,000 B/D. SOURCE: NOBLE, DELEK, ENERGEAN, MEES. 3. CRUDE IMPORTS (‘000 B/D): KRG TOP FOR PAST FIVE YEARS, BUT DOWN FROM RECORD 84% IN 2015 AS ISRAEL DIVERSIFIES (‘000 B/D) SOURCE: KPLER. Q4 RUNS DOWN, OUTPUT DOWN Israel’s re...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Egypt Petchems Producers Target New Products, Increased Exports
...lyethylene (PE) plant (MEES, 7 February). The polybutadiene plant will cost $180mn and take two years to build. Ethydco produced 367,000 tons of ethylene in 2019, as well as 363,000 tons of polyethylene for local consumption and export. Ethydco’s exports during 2017-19 earned $929mn. NEW CH...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Saudi Refinery Turnarounds Boost Crude Supply
...rch). Aramco’s 550,000 b/d Ras Tanura plant will be shut down for 5-6 weeks beginning 1 June as part of a $2.4bn clean fuels upgrade. which will enable production of Euro-5 specifications fuels from 2021 (MEES, 13 January 2017). The Satorp joint venture of Aramco and France’s Total shut down the re...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Egypt Cuts Oil Import Bill As Refineries Up The Pace
...ices (MEES, 11 October 2019). Demand for diesel peaked at 297,000 b/d in 2016 and has since fallen for three consecutive years to 271,000 b/d in 2019. Demand for gasoline has eased slightly since peaking at 170,000 b/d in 2017. But with gas now accounting for almost all thermal power generation in Eg...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Oman Aims To Double Products, Petchems Exports
...ports from late next year. Since expanding its 197,000 b/d Sohar refinery in late 2017 (MEES, 23 February 2018), Oman has seen rapid growth in its exports of key refined products – diesel, jet-kerosene, gasoline and LPG – as it seeks to move up the value chain and maximize oil export revenue. Pr...
Volume: 63Issue: 13Published at Fri, 27 Mar 2020 -
Aramco Downstream Results Hit By Lower Margins, Sadara Impairment
...en completed and was being commissioned at year-end 2019. This will benefit petchems producers who are currently having to process some other feedstocks because of tight ethane supply/demand (MEES, 28 February). ARAMCO REVENUE BY OPERATING SECTOR ($BN) $1=SR3.75. *2018 FIGURES AND 2017 TO...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Kuwait Starts Up Naphtha Unit In CFP Upgrade
...se from 270,000 b/d to 454,000 b/d, whilst Mina al-Ahmadi’s will fall from 466,000 b/d to 347,000 b/d, an overall 9% increase to 801,000 b/d (MEES, 8 March 2019). KNPC originally intended the CFP to be fully operational in late 2017, but completion in the fourth quarter of 2020 now appears the best pr...
Volume: 63Issue: 11Published at Fri, 13 Mar 2020 -
Algiers Refinery Hike
...ECC, which took over the project in late 2016 after French firm Technip’s original contract was cancelled in 2015 (MEES, 9 June 2017). By that time Technip was already well behind on its initial 38-month work schedule. Fast forward to the “completion” date of 21 February 2019 and it appeared the re...
Volume: 63Issue: 10Published at Fri, 06 Mar 2020 -
Aramco Plans Ras Tanura Shutdown
...edstock processing is carried out in a 325,000 b/d crude distillation unit and a 225,000 b/d condensate splitter. The CFP contract, awarded to Spain’s Tecnicas Reunidas in early 2017, adds three main upgrading units – a 138,000 b/d naphtha hydrotreater, a 90,000 b/d continuous catalyst reformer (CCR) an...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Egypt’s Asorc Awards Assiut Hydrocracker
...kely optimistic given the preliminary nature of the latest contact. Asorc is one of a number of Egyptian refiners planning to improve Egypt’s refining sector. After processing an average 76,300 b/d of crude in financial year 2017-18, Asorc has announced plans for 4.1mn t/y (82,300 b/d) throughput in...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
GCC Petchems Producers Push Recyclable Plastics
...edstock from recycled PET bottles. The company aims to increase production, currently at Schopkau in Germany, to industrial scale. PLASTICS END-USE BY RESIN (2017, MN TONS) SOURCE: IEA ‘FUTURE OF PETROCHEMICALS’, OCT 2018. GLOBAL OIL* USE IN PETCHEMS SET TO RISE-IEA PROJECTIONS^ (MN...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
Egypt Petchems Sector Boosted By Gas Revival, Eyes Expansion
...gasoil, 210,000 t/y of benzene and 485,000 t/y of petcoke as well as 600,000 t/y of polyethylene and 380,000 t/y of polypropylene (MEES, 22 September 2017). E-Styrenics has awarded contracts to local firms for a 300,000 t/y styrene plant at Alexandria. This will process ethylene and benzene to pr...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Dow Impairs $1.73bn At Sadara, Eyes Debt Rejig
...odwill impairment and asset-related charges” of $1.733bn in 4Q19 associated with Sadara. The 3.22mn t/y Sadara petchems project was developed at a cost of $20bn. Sadara started up its central cracker in August 2016 and the last of its finished chemicals units a year later (MEES, 18 August 2017)....
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Kuwait Clean Fuels Progress Impacts Refining Output
...e highest since mid-2015, suggesting a new, or revamped, gasoline unit is operating (see chart). However, average total products output of 864,000 b/d during the first 10 months of 2019 is only 3% down from the 891,000 b/d for both 2017 and 2018, showing that CFP work to the end of October has no...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Kuwait Nears Boost To Refinery Throughputs, Eyes Al-Zour Petchems
...s two operating refineries. But delays to the clean fuels upgrade project mean that the expansion work is unlikely to be completed until the second half of 2020. KNPC shut down its aging 200,000 b/d capacity Shuaiba refinery at the end of March 2017, leaving Kuwait with just 736,000 b/d ca...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Aramco India Strategy Hit By $26bn Price Hike At Downstream JV
...uld conceivably include high value products such as those produced by Aramco and US firm Dow at their Sadara plant at Jubail (MEES, 28 July 2017). Reliance is “the world’s largest integrated producer of polyester fibre and yarn.” Other products include polymers, aromatics, elastomers and composite ma...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
New Hydrocracker Boosts Egypt To New Downstream Records
...the 1969-vintage Cairo refinery which they have been built alongside. Though the plant has a nominal 199,000 b/d of crude distillation capacity, typical throughputs in recent years have not topped half this: they were 96,000 b/d for 2017-18, the latest available data. And of the plant’s 2017-18 ou...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
Iraq Refining: Output Tops 800,000 B/D For First Time In Q3
...*Federal Iraq’s total refinery output continued its upward surge, averaging 801,000 b/d in Q3 versus 760,000 b/d in 3Q 2018 and just 540,000 b/d in 3Q 2017. August’s 826,000 b/d was an all-time record. *The rehabilitation of the Salahuddin-1 and Salahuddin-2 (both 70,000 b/d) units at...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
Rabigh-2 Completion Broadens Saudi Petchems Palette
...9mn t/y mixed-feed cracker and an aromatics plant, processing locally available ethane and naphtha to deliver a range of high-value chemicals – many new to the kingdom for the first time – as well as polyolefins (MEES, 18 August 2017). Aramco’s Petro Rabigh JV processes ethane as well as naphtha from th...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Gulf Condensate Splitters Bring Economic, Strategic Gains
...gineering arm of the Tehran regime’s Islamic Revolutionary Guard Corps (IRGC) built PGS. Work on phase one started in 2007 as the first sanctions against Iran’s nuclear program were introduced and was only completed in 2017 (MEES, 5 May 2017). With Iran again under sanctions but three PGS phases co...
Volume: 62Issue: 43Published at Fri, 25 Oct 2019