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Mideast Refining Capacity Edges Up, Runs Fall
...wever, capacity utilization actually declined last year, with throughputs of 6.444mn b/d, down just over 1% from 2011’s record high of 6.519mn b/d. Launching the review in London on 12 June, BP chief economist Christof Rühl said that global refining capacity utilization barely improved in 2012 de...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
GCC Petchems Sector ‘Thriving’ With 5.5% Growth For 2012
...12, outperforming global chemical production which grew by 2.6% in 2012, lower than the 3.8% growth rate in 2011.” Saudi Arabia maintained its position as the region’s largest petrochemicals producer with 86.4mn tons of capacity – 67.6% of the regional total, the GPCA says (see gr...
Volume: 56Issue: 23Published at Fri, 07 Jun 2013 -
Libya Eyes $80bn Downstream Drive
...chnologies.” Libya’s only current foreign downstream joint venture, the 50% stake of Dubai’s Al-Ghurair group in Ras Lanuf, has not been a happy one. Under the terms of the 2009 investment, Al-Ghurair was to invest $2bn in modernizing and expanding the plant. But a combination of factors, most notably the 2011 ci...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Qatar Awards Condensate Splitter Project To Chiyoda/CTCI
...chnip, under a contract awarded by Qatargas in August 2011. Earlier, Technip carried out the FEED for LR1. Looking ahead, QP is expected to add an aromatics plant to the condensate splitters complex. This will provide benzene, toluene, and xylene feedstock for the domestic petrochemicals sector. ...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
...hylene capacity rising by 3.7% a year in the medium term, to 183.4mn tons/year in 2017 from 147.6mn t/y in 2011 (MEES, 2 November 2012). Despite the shifting market economics, Gulf petrochemicals companies are pressing ahead with expansions. Gulf Petrochemicals and Chemicals Association (GPCA) Se...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
GCC Polymers Capacity Expansion ‘Tremendous’
...astics Industry – Facts and Figures 2012, says this represents a 13% capacity increase over 2011. “Throughout the past five years,” says the report, “the GCC region went through tremendous polymers capacity expansion with a compound annual growth rate (CAGR) of 16%.” The largest growth in percentage te...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Sabic To Cut EU Interests
...BIC first quarter net profits fell 10% year-on-year, as planned maintenance hit production and sales volumes. Net income for 1Q13 was SR6.56bn ($1.75bn), compared with SR7.27bn ($1.94bn) for 1Q12. Full year 2012 profits fell 15% to SR24.7bn ($6.59bn) from SR29.24bn ($7.80bn) in 2011 (MEES, 15 February). ...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Toyo And ENPPI Awarded Ethydco Polyethylene Project
...rly 2015, with construction cost estimated at $600mn. Egypt continues to push its petrochemicals expansion plan despite the uncertainty over foreign investment following the January 2011 revolution. ...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Sukuk Investors Provide $2Bn To Sadara Project
...port refinery was the first in Saudi Arabia ever to issue Sukuk for a project in October 2011, but this replaced other financing that had already been received. Sadara said that the floating rate Sukuk, which carry a 16 year maturity, will pay investors 95 basis points (bps) over the Saudi in...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Algeria Preparing Tender For Biskra And Tiaret Refineries
...giers 1964 2.7 54 Arzew 1974 3.75 75 25,000 b/d expansion completed late 2011 Hassi Me...
Volume: 56Issue: 11Published at Fri, 15 Mar 2013 -
SABIC Pulls Out Of Caribbean Methanol Project
...s feedstock remains an objective of the government. The ministry noted that it was now “seeking to enter into a more favourable partnership” in pursuit of its development goals. Trinidad and Tobago produced 4.09mn cfd of natural gas in 2011. It is one of the world’s largest producers of me...
Volume: 56Issue: 10Published at Fri, 08 Mar 2013 -
UAE NGL Projects To Boost Exports, Borouge Capacity
...s field, and in doing so recover the same volume of gas – currently used for reinjection – for delivery to Habshan 5 (MEES 19, September 2011). Currently, most of the heavier ‘field condensate’ is collected at the wellhead – through active stripping at the gas gathering platform, or natural pr...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
No Fuel Supply Worries As Oman’s Sohar Complex Shuts
...ficiently and more cleanly as a result of this effort.” ORPIC was formed in June 2011 with the merger of the Oman Refineries and Petrochemicals Company, Aromatics Oman, and Oman Polypropylene (MEES, 20 June 2011). ORPIC meanwhile has said it expects to award a $1.5bn construction contract in the co...
Volume: 56Issue: 09Published at Fri, 01 Mar 2013 -
Global Economic Weakness Pares Saudi Petchem Profits
...lf improved their profitability. Used in wide array of automotive, packaging, consumer durable, and construction products to name but a few, petrochemicals depend heavily on robust economic growth. The IMF put 2012’s global growth at 3.2%, which is down from 2011’s 3.9%. In January it also cu...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
SABIC Launches $500Mn Plastics Innovation Network
...nverters to reach important markets in the world,” according to Ulrich Reiners, managing director of Germany’s Executive Packaging. He told the Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Summit in April 2012 that global resin demand for plastics conversion amounted to 255mn tons in 2011. Of...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
Petchems The Catalyst For Middle East Economic Diversification
...d services industries. In 2011, said Mr Mady, SABIC’s direct value-added contribution to national GDP was about 2%, its private sector contribution was about 9% and its contribution to the industrial non-oil sector was 34%. “SABIC takes the process of employing local talent seriously,” he sa...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
Qatar Claims ‘GTL World Capital’ Status
...Ls and GTL products through 3Q12 and is currently producing and selling all GTL products from its product slate,” he noted. “Just last month we celebrated the 100th GTL cargo from Pearl during 2012.” Pearl GTL was inaugurated in November 2011 after an $18.5bn development, but was not expected to re...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Gulf Petchems Producers Push Downstream Expansion
...ns) 2010 2011 Saudi Arabia 70 78 Iran 40† 42.7‡ Qatar 10.5 12 Om...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Gulf Petchems Producers Push Downstream Expansion
...ns) 2010 2011 Saudi Arabia 70 78 Iran 40† 42.7‡ Qatar 10.5 12 Om...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
Gulf Refiners Set For Major Crude Distillation Capacity Boost
...mand is forecast to grow by 1.7mn b/d in 2011-17, while refining capacity additions over the period are expected to be 1.9mn b/d (MEES, 26 October 2012). Saudi Surge The first of the new Middle East mega-refineries, due on-stream this year, is the 400,000 b/d capacity Saudi Aramco To...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013