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Aramco Eyes Major Ethylene-Based Texas Expansion
...creasingly in demand in the automotive market (MEES, 28 July 2017). Satorp refinery already has aromatics capacity, delivering up to 1mn t/y of paraxylene, benzene and propylene. The Satorp partners are building an 800,000 t/y polyethylene plant as part of the integration, but are offering some of the cr...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Northern Iraq Secures Vital Infrastructure Upgrades
...fensive, causing total federal Iraqi refining output to drop from over 600,000 b/d in 2013 to just under 400,000 b/d by early 2015. Baghdad has since managed to raise refining capacity, with output jumping from an average of 539,000 b/d in 2017 to 718,000 b/d in 2018 but the north has struggled to feel the ef...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Saudi Arabia Chases Ambitious Downstream Strategy
...come depends on crude oil prices. Aramco’s rising revenues during 2016-18 coincided with rising crude prices. Arab Light averaged $40.96/B in 2016, $52.59/B in 2017 and $70.34/B in 2018. A downturn in Aramco’s revenues for 2019 is likely given that the Arab Light price averaged $66.33/B in first ha...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Aramco Eyes Chinese Take-Away From Sabic Purchase
...e polyurethane components and other chemicals manufactured at the Sadara joint venture plant of Aramco and US firm Down Chemical in the Saudi downstream hub of Jubail (MEES, 28 July 2017). Indeed China, and Asia more generally, are also key buyers from Saudi refineries. However, the focus has be...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Kuwait’s Delayed Refining Projects Set To Slip Further
...21. ^SHUT DOWN END-MAR 2017. SOURCE: KNPC, MEES. KUWAIT REFINED PRODUCTS OUTPUT (000 B/D) *INCLUDES OUTPUT FROM GAS PROCESSING PLANTS. SOURCE: JODI. Al ZOUR RETHINK Kipic, which is building a new refinery as well as integrated petrochemicals units and an LNG im...
Volume: 62Issue: 34Published at Fri, 23 Aug 2019 -
Aramco To Buy 20% Of Reliance Refining & Petchems
...DER CONSTRUCTION *MOTIVA JV WITH SHELL SPLIT 2Q 2017. ^ORIGINALLY CALLED 'RAPID'. **SITE CHANGED FROM RATNAGIRI. SOURCE: ARAMCO, PARTNERS....
Volume: 62Issue: 33Published at Fri, 16 Aug 2019 -
Kuwait In IMO 2020-Inspired Al Zour Rethink
...vised RFCC unit’s capacity will be 98,000 b/d. The upgrading project eventually moved forward in 2017 when UOP was awarded projects for a 50,000 b/d RFCC, a 66,000 b/d CCR and 74,000 b/d naphtha hydrotreater within the Al Zour complex (MEES, 8 December 2017). These latter two units will also likely se...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Hormuz Upheaval Spells Uncertainty For Fujairah Expansion Plans
...jairah (MEES, 19 July), and sales had already slipped since July 2017 when Qatar-vessels were banned. ADNOC PLANS FUJAIRAH TRADE BOOM Fujairah is central to Abu Dhabi state firm Adnoc’s plans to develop into a trading powerhouse. The firm is developing a massive 42mn barrel (6.8mn m³) un...
Volume: 62Issue: 30Published at Fri, 26 Jul 2019 -
Saudi Oil Sector Feeling The Strain Of Opec Cuts
...nsiderably higher than in recent years thanks to a massive expansion program. Gross exports are averaging 1.44mn b/d this year, substantially less than 2018’s record 1.97mn b/d, but still equal with 2017 for the second highest on record (see chart 3). On a net basis, refined products exports are on track to...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
Saudi Arabia Crude Exports Fell To A 19-Month Low In May ('000 B/D)
...CHANGES EXPRESSED IN PERCENTAGE POINT TERMS WHERE ORIGINAL FIGURES ARE PERCENTAGES. *EXCLUDES FIELD LPG (650-700,000 B/D). **NAPHTHA REFINERY OUTPUT INCLUDED IN 'OTHER' PRODUCTS TO DEC 2017 (479,000 B/D FOR 2017). ^PRESUMES ALL FUEL OIL CONSUMPTION IS BURNT IN POWER PLANTS. SOURCE: JO...
Volume: 62Issue: 29Published at Fri, 19 Jul 2019 -
End In Sight For Egypt’s Fuel Subsidies
...nce increased: after averaging $1= E£17.74 during the 2017-18 financial year it has been around $1= E£16.60 in recent weeks. Given that oil products are internationally-traded commodities priced in dollars, these prices largely determine the size of the country’s subsidy bill. Here Egypt has been ma...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Aramco Pushing Asian Downstream Projects In Major Crude-Buying Countries
...pacity of 2.68mn b/d, of which Asia refineries dominate with 2.04mn b/d. Aramco also operates the 635,000 b/d Motiva Port Arthur refinery in Texas, having bought out former JV partner Shell (MEES, 10 March 2017). Because of Aramco’s now outright ownership, Port Arthur is its largest overseas downstream as...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Aramco Crude Oil To Chemicals Vision Takes Shape
...chnology; and 2025 may be a push as Aramco’s COTC technologies are so far not commercialized. Aramco and Sabic were developing crude-to-chemicals technologies separately before they signed a memorandum of understanding (MoU) in November 2017 to develop the COTC plant under a joint venture. Sabic filed a pa...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Iran Looks To Protect Lucrative Petchems Earnings From Tightening US Sanctions
...reements with foreign firms for a variety of petchems plants (MEES, 11 August 2017 and MEES, 17 March 2017). Among the firms signing agreements, Denmark’s Haldor Topsoe has since closed its Tehran office (MEES, 31 August 2018), while the other seven projects have not progressed further. One of these wa...
Volume: 62Issue: 24Published at Fri, 14 Jun 2019 -
Saudi Aramco Trading Gets Fujairah Boost
...Saudi Aramco’s trading arm is ramping up activity as the state firm seeks to maximize profitability. A new Singapore office opened in 2017, and this week saw a branch open in the key Mideast bunkering port of Fujairah. As Saudi Aramco looks to develop new revenue streams, the state oil gi...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Ineos Signs Up With Aramco/Total For Satorp Integrated Petchems
...used this phrase in December 2017 to describe a plant to be built in the US for start-up in third quarter 2019 that it also said would have 120,000 t/y capacity and be the “world’s largest single PAO train.” A similar scale here seems likely. The two largest of the Ineos plants will require fe...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Gulf Refiners Push 2.7Mn B/D Crude Processing Hike By End-2025
...udi Arabia which will lift the kingdom’s refining capacity to 3.3mn b/d. The refinery was originally due online in 2017 (MEES, 28 February 2014) and its planned late-2019 start up may yet slip into 2020 (MEES, 22 February). However, the project looks more likely to come online this year with Iraq’s pl...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Bahrain Seals Finance For Refinery Upgrade Amid Oil Optimism
...visors. While the amount of funding to be provided has not been disclosed, reports have placed it at over $4bn. Bapco awarded a $4.2bn engineering, procurement, construction and commissioning (EPCC) contract for the BMP project in late 2017, an amount that tallies with this financing. BNA says that th...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Egypt Hikes Power Prices But Delays End To Subsidies
...e increase in fuel prices could see another spike in inflation, which rose to 33% in July 2017 but has been brought back down to 13% last month. Egypt’s central bank hopes to reduce inflation to single digits in the medium term. EGYPT ELECTRICITY TARIFFS (BY MONTHLY USAGE BAND): AVERAGE USER TO PA...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Shell’s Oman GTL Proposal: What’s Changed This Time Around?
...e major upscaling from Bintulu to Pearl, the years of operating Pearl will give guidelines as to how both the technology and the economics of the process can be improved further. Pearl’s early years of service saw several unplanned outages (MEES, 12 May 2017). Global interest in GTL has since wa...
Volume: 62Issue: 20Published at Fri, 17 May 2019