- Sort by:
- Score
- Published ▼
-
Aramco Sees Petchems SMEs As Key To Vision 2030 Transformation
...e Saudi petchems pipeline, Sabic – which produced 64mn tons of petrochemicals in 2014, and is therefore by a long way the main Saudi chemicals player – is involved in a number of smaller, but significant, projects (see table). Despite its size, Sabic is not mentioned in the prince’s Vision 2030 do...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
Saudi Petchem Firms Slide Further In Tough Market, Sabic Looks To Consolidate
...so announced this week that it produced a total 70.5mn tons of plastics, chemicals and metals in 2015, which was 1.1% up on 69.7mn tons for 2014. A common theme in the companies’ first quarter results is reduced income due to lower sales prices, largely due to the indexing of petchems products to cr...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Aramco/Sabic Make Up With Plan For Joint Oil-To-Chemicals Project
...presents a big step along the way. Announcing the start up of the cracker in January 2014, ExxonMobil Chemical president Stephen Pryor told Reuters it is “by far the most feed-flexible cracker we’ve ever built. It can crack anything from light gases to heavy liquids, including crude oil.” Sabic has been st...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
Israel Refineries Flat Out In 2015, Making Most Of Margins
...• Israel’s two refineries continued to run flat out in 2015. While average combined products output was at just under 293,000 b/d, slightly short of 2014’s record 295,000 b/d, operators Bazan and Paz continued to make the most of low crude oil prices. Brent prices averaged just over $50/B in 20...
Volume: 59Issue: 14Published at Fri, 08 Apr 2016 -
Iran Boosting Exports Of Products As Well As Crude; Gasoline Exports To Follow?
...low this (see p24), but there is no doubt that export volumes are on the rise. • Iran’s January refinery runs were 1.79mn b/d, the highest since January 2014, but still 170,000 b/d short of the July 2013 record 1.96mn b/d (see graph 1). • Gross crude plus products exports averaged almost 1....
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Turkey’s Tüpraş Racks Up Profits, Maxes Output As Runs Of Iraqi Crude Double
...3,000 b/d last year, taking capacity utilization to 98% from 72% in 2014, when the installation of a residue upgrader at the Izmit refinery constrained operations. The upgrader was started up in May 2015. Tüpraş received a fillip as Mediterranean refining margins rose from $1.95/B in 2014 to $4.83/B for 20...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Turkish Demand ‘Soars’ But Stats Under Fire
...rrels conversion factors – original Turkish data is in tons). The one anomaly is the ‘other’ category for which the IEA has 104,000 b/d, well down on the 168,000 b/d Jodi figure (thus the IEA total of 863,000 b/d is also around 60,000 b/d less). But for 2014 and previous years the IEA still awaits co...
Volume: 59Issue: 11Published at Fri, 18 Mar 2016 -
Algeria Looks To Get Refining Expansion Back On Track With FEED Awards
...geria’s refinery output remains comfortably larger than domestic demand. For 2015, refinery output was 576,000 b/d, down 11.5% from the 651,000 b/d produced in 2014. Demand also slid, but by only 3.4%, from 391,000 b/d in 2014 to 378,000 b/d. While refinery output was nevertheless 198,000 b/d higher th...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
Aramco Dusts Off Plans For $2bn Ras Tanura Clean Fuels Project
...iginally due in place in 2016. Aramco and ExxonMobil are already able to meet the 10ppm limit at their 400,000 b/d Samref joint venture refinery, following the installation of a 60,000 b/d desulfurization train in 2014. However, high project costs appear to have slowed the whole clean fuels program. Be...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
Iraq: Misan In Action, Apparently
...apparent refining experience (MEES, 3 January 2014). Details on Wahan are also thin on the ground, though ministry claims project finance will come from two Chinese state banks – China Development Bank and China ExIm Bank – suggest an affiliation with a Chinese state firm. Misan is one of fo...
Volume: 59Issue: 09Published at Fri, 04 Mar 2016 -
KRG Refining Down As Producers Prioritize Exports
...0,500 b/d in 2015, up slightly on 2014’s previous record of 99,700 b/d. But run rates fell to 72% for 2015 as a whole and averaged just 60% for the last four months of the year, down from an average of 80% for 2013 and 2014. The three plants’ total crude distillation capacity is 139,000 b/d split be...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Iran Inks First Post-Sanctions Petchems Deal: Will It Catalyze Sector Revival?
...ickly by rising supply from South Pars. NPC production control director Ali Bossaqzadeh says NPC output is expected reach 47mn tons in the current Iranian year (ending 20 March 2016) and 52mn tons for 2016-17 up from 44mn tons for 2014-15. Iran’s Oil Minister Bijan Zanganeh this week projected NPC wo...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Kuwait Refining Earnings Undermined By Weak Product Export Prices
...eraged 277,000 b/d for Q1-3 2015, up 55% on 2014’s 178,000 b/d. KNPC’s earnings from domestic sales are fixed at heavily subsidized prices. With pressure rising on Kuwait to cut subsidies, Mr Mutairi tells official news agency KUNA that the cost of refining oil in KNPC’s refineries is in the range $4-...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Egypt’s $3.7bn ERC Project On Schedule
...mpany (CORC) refinery, for upgrading into 75,000 b/d of mainly lighter products (MEES, 25 April 2014). However, Mr Sa’d told Egypt Daily News that ERC will need to import 1.2mn tons/year (24,000 b/d) of crude oil feedstock, as CORC’s fuel oil production will not meet the cracking unit’s needs. He sa...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Oman Refining Output Up 5% In 2015, But Set To Fall In 2016 As New CDU Hooked Up
...lletin, for January 2016, shows increased output of most light fuels and in particular gasoil, whose output rose 12.5% from 2014. However, 90 RON regular gasoline declined by over 42% while production of 95 RON super gasoline was increased by 7%. Increasing light fuels output over the last fuel ye...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Aramco Clarifies Downstream Divestment Plans After IPO Announcement
...id. SAUDI ARAMCO DOWNSTREAM ASSETS *EXCHANGE-LISTED. SOURCE: ARAMCO, PARTNERS. SAUDI ARAMCO UPSTREAM, 2014 SOURCE: ARAMCO....
Volume: 59Issue: 02Published at Fri, 15 Jan 2016 -
Riyadh Cuts Fuel Subsidies, Petchem Producers Count The Cost
...ar, with the impact being first reflected in results for the first quarter of 2016. All the companies will announce their annual figures for 2015 in the coming weeks. The 14 companies, whose total profits amounted to SR34.4bn ($9.17bn) for 2014, are expected to report a further decline linked to th...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Petchems To Dominate MENA 2016 Downstream After 2013-14 CDU Boost
...0,000 b/d Satorp and Yasref joint venture refineries started up in 2013 and 2014, respectively, with both now at full capacity. Abu Dhabi’s Takreer has also reached full capacity at its 417,000 b/d Ruwais Expansion refinery. Much of their output is destined for export – and greater income than for heavily su...
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Aramco Seeks $5bn Yasref Funds Taking Total Over $20bn
...me of the financial pain felt by other oil companies with crude prices down 65% since June 2014, it has major project expansions under way, not only in the upstream, but also in refining and – in a strategic extension of its operating ‘territory’ – into petrochemicals. Aramco has not publicly es...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Bahrain Signals Start Of Sitra Refinery Expansion, Targets 2020 Start-Up
...ouping the US major with compatriot contractor CB&I, for technology licenses and engineering design for the residue and vacuum gasoil hydrocrackers (MEES, 24 October 2014). FEED work was initially scheduled for completion by the end of 2015, with a view to EPC contract awards in 2016 and completion in...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015