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Petchem Firms Face Saudi Ethane Supply Restrictions
...e of the lowest costs seen for mega projects, following the financial crisis. It was the largest project financing completed last year, priced at 130-200bps across a 16-year tenor (MEES, 19 December 2011). This was close to the 2010 pricing seen for the Aramco/Total 400,000 b/d Satorp export re...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
Weak Global Economy Continues To Weigh On Saudi Petchems
...mmercial operations for most of its plants in October 2011. In August this year it began commercial operations at its amines plant, and at the end of September announced that it had started trial operations at its low density polyethylene plant. Yansab, which is 51% owned by SABIC, said that the 10...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
MENA Refinery/Petchem Expansion Plans Moving Ahead
...erated 40,000 b/d Irbil refinery and a major upgrade to the 34,000 b/d Bazian refinery. The first 20,000 b/d addition to Irbil should be on stream by the beginning of next year, slightly behind the original schedule (MEES, 24 October 2011), to be followed by a second 20,000 b/d unit within a couple of mo...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
GPCA Sees GCC Petrochemicals Capacity Reaching 145Mn T/Y In 2016
... REGIONAL GPCA Sees GCC Petrochemicals Capacity Reaching 145Mn T/Y In 2016 By David Knott Gulf Cooperation Council (GCC) regional petrochemicals production capacity will rise to 145-146mn tons/year in 2016 from 116mn t/y in 2011, according to Gulf Pe...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
IEA Sees Ethylene Market Driven By Ethane Cracker Surge
...st and the US, according to the International Energy Agency (IEA). In the 12 October Medium-Term Oil Market Report the agency predicted that global ethylene capacity will rise to 183.4mn tons/year in 2017 from 147.6mn t/y in 2011, equivalent to yearly growth of 3.7%. In 2012, oil eq...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Iraqi Oil Demand Bounces Back
...aqi 2010 oil demand at 32mn tons. Deciphering Iraqi supply and demand trends is a dark art, involving an appreciation of cross-border smuggling, misreporting and simple human frailty, but a rough calculation points to demand rising relatively modestly in 2011 to about 33mn tons. But this year, it has pi...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Middle East Refinery Capacity To Surge, Says IEA
...owing regional oil product demand,” Toril Bosoni, refining analyst for IEA’s monthly Oil Market Report, told MEES. The IEA sees Middle East oil demand growing by 1.7mn b/d from 2011 to 2017 or an average annual growth rate of 3.4% – the highest in the world. With forecast additions to Middle East re...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Saudi Aramco Progressing Strategic Downstream Projects
...oducts. At the heart of the project is a dual‐feed cracker which will produce 1.5mn t/y of ethylene and 400,000 t/y of propylene. At the signing of the Sadara joint venture shareholders agreements in October 2011, Saudi Aramco CEO Khalid al-Falih said that ample and reliable supplies of fe...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
QPI Says Musturud First Step In $8Bn Egypt Energy Investment
...int venture with Egypt’s Orient Company – a specially constructed investment vehicle operated by ERC parent company Citadel Capital – and EGPC. ERC finalized the funding for Musturud in June, after a process that was complicated by the 2011 overthrow of Husni Mubarak. Financing includes $2.6bn in debt an...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Algeria Advances Refining Expansion With Start Of Biskra Construction
...om 22mn t/y at the start of 2011 (see table).The Arzew refinery was expanded from 50,000 b/d to 75,000 b/d late last year, whilst work to expand the country’s largest plant at Skikda by 10% to 330,000 b/d and boost diesel and gasoline production is ongoing and set for completion early next year. The pl...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Saudi Aramco Preparing For Riyadh Refinery Clean Fuels Upgrade
...eeler SOFCON consortium was awarded a contract for the FEED and project management services in July 2011. It comprises a subsidiary of Foster Wheeler’s Engineering and Construction Group and A Al-Saihati, A Fattani & O Al-Othman Consulting Engineering Company (SOFCON). Project Scope Fo...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Refinery Restart Offers Hope To Libya’s Sirte Basin Producers
...the plant is moving ahead. Ras Lanuf Restart The 220,000 b/d Ras Lanuf refinery restarted on 31 August for the first time since February 2011. Traders report already seeing export cargoes of fuel oil and naphtha on offer for September. The plant was the site of heavy fighting during 2011, bu...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012