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Egypt Signs Deals For CDU, Diesel Units In Push To Meet Rising Demand
...isomerization unit (MEES, 19 June). DIESEL DEMAND Egyptian diesel demand is on track to set new records this year: consumption for Jan-May 2015 averaged 274,000 b/d, up from 2014’s 266,000 b/d. EGPC’s efforts to revive diesel output are also already showing through in the data: from a peak of...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Orpic/Samsung Go To Court Over Sohar Revamp
...finery by 81,000 b/d to 197,000 b/d, while boosting upgrading capacity (MEES, 29 November 2013). Orpic held a groundbreaking ceremony for the Sohar revamp in June 2014, after securing a $2.8bn loan from a consortium of 21 financial institutions (MEES, 6 June 2014). Orpic expects to complete the refinery ex...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Saudi Petchems Firms Double Profits In Q2
...lling prices of products for Q2 compared to the prices from the corresponding quarter in 2014 has led to a drop in profit, Mr Binyan adds. The same reason was given to the profit decline in the first half of this year against the earnings in the first six months of last year. Mr Binyan says that Sa...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
UAE Links Fuel Prices To Global Markets From 1 August
.../B ($0.49/liter) for 95 ron unleaded gasoline, and $70/B ($0.44/liter) for diesel. However, pump prices were also at similar levels a year ago, when, of course, international market prices were far higher. To give an indication of potential savings MEES has crunched the numbers for 2014, when UAE co...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Egypt Petchems Plans Continue To Expand As Tahrir Gets Styrene Plant
...ocess units, while Italy’s Tecnimont and Holland’s Archirodon are building offsites and utilities (MEES, 4 April 2014). ECHEM PROJECTS State firm Echem is currently building three petchems plants. Its Ethydco ethylene derivatives unit has awarded contracts to Japan’s Toyo Engineering and the En...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Algeria Pushes New Refineries Beyond 2020, Fuel Deficit To Worsen
...nts to expand its refining capacity to meet domestic demand growth and produce oil products in line with European standards. Demand grew by 7.4% in 2014 and strong growth is expected to continue with Algiers insisting that it will not cut oil product subsidies (MEES, 3 July). Algeria’s total oil pr...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Opec Data Charts Saudi Refining Surge, But Plans Are Slipping
...REGIONAL Opec Data Charts Saudi Refining Surge, But Plans Are Slipping Opec’s eight Mena members added 6.7% to their combined crude distillation unit (CDU) capacity in 2014, according to the organization’s Annual Statistic Bulletin 2015. Most held capacity steady, with only Saudi Ar...
Volume: 58Issue: 27Published at Fri, 03 Jul 2015 -
Satorp Taps Riyadh For SR2bn To Reduce Bank Dues
...udi Arabia’s Manifa oilfield (MEES, 15 August 2014). Meanwhile, Sadara Basic Services Company – a subsidiary of the Aramco/Dow petrochemicals joint venture – has agreed a SR865mn ($231mn) mortgage loan to Saudi Butanol Company (Sabuco) to help fund construction of a SR1.9bn ($507mn) butanol pl...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Questions Mounting Over GCC Refinery Plans In Wake Of Capacity Hike
...ndensate splitter in the third quarter of 2016. The plant is almost identical to the LR1 splitter which Qatargas built earlier at Ras Laffan and is expected to cost $1.5bn (MEES, 11 April 2014). GCC REFINERY/SPLITTER PROJECTS SCHEDULE Operator (Project) Lo...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Egyptian Refiners Award Contracts For New Gasoline Units, Plan Coker Rehab
...rlier estimated the overall cost of the plant at $250mn and said the plant was expected to start up in 2018. Egypt’s annual average gasoline demand reached a new peak of 144,000 b/d in 2014, when refinery output of 75,000 b/d required EGPC to import 69,000 b/d – equivalent to 48% of demand (see gr...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Abu Dhabi Borouge 3 Petchems Ramp-Up Delay
...rgo of polymers from Borouge 3 via the nearby Khalifa Port in October 2014. While initial cargoes of polyethylene and polypropylene were sold within the Middle East, deliveries to Asia are now building. ETHANE SQUEEZE The Borouge JV operates three petrochemicals complexes at Ruwais, producing po...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015 -
Iran To Start Building Siraf Condensate Splitters, Targets Asia Petchems
...nstrained finances are unlikely to enable completion before 2017. NIORDC earlier began design work for the 120,000 b/d Pars splitter at Shiraz, but this has been put on the back burner along with five oil refineries with a combined capacity of 1.08mn b/d (MEES, 8 August 2014). While funding these pr...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Egypt P’chem Funding
...phtha. The company has also clinched a $500mn deal with General Electric, in which the US engineering giant will provide technology and an undisclosed amount of equity (MEES, 4 April 2014). While Tahrir dwarves many other Egyptian downstream projects, Carbon Holdings is also seeking smaller financing de...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Sonatrach Revises Algeria Petchems Strategy, But Feedstock Issues Remain
...6mn t/y ethane-fed ethylene derivatives complex and a 3mn t/y plastics/elastomers complex with a naphtha-fed cracker (MEES, 19 December 2014). The polyolefins plant as now envisaged will process ethane, LPG and naphtha to produce high-density polyethylene (HDPE), low-density polyethylene (LDPE), li...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Saudi Ramp-Ups Boost Mideast Naphtha Exports, Despite Petchems Rise
...rkets. “By 2025, Middle East naphtha production will increase by 25mn tons/year of light and 35mn t/y of heavy reforming naphtha, respectively. Light naphtha exports in 2014 were 42mn tons and due to a large increase in domestic consumption will increase by a relatively modest 5mn t/y by 2025,” says Mr Ra...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Aramco Boosting Refining Capacity, Plans ‘Value-Maximizing’ Integration
...lue along the processing chain. Saudi Aramco says the kingdom’s refineries delivered an average 2.18mn b/d of products in 2014, compared with 1.84mn b/d in 2013. Much of this 18.3% rise is attributable to Aramco and joint venture partner France’s Total, bringing their Satorp refinery at Jubail to fu...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Oman Eyes Liwa Close, Prepares Duqm
...ckages: cracker; polymer units; NGL extraction plant; and 300km NGL pipeline. CB&I is supplying process technology for the 800,000 t/y cracker, the NGL extraction unit and the MTBE unit (MEES, 18 July 2014). It is also among bidders, with consortium partners Saipem of Italy and CTCI of Taiwan, for the cr...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Grace Catalyzes UAE
...ptember 2014). The FCC catalysts plant was originally scheduled for start-up in 2015 (MEES, 24 May 2013). Among delaying factors has been Grace’s major reorganization in 2014 “under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the District of Delaware to resolve thousands of as...
Volume: 58Issue: 19Published at Fri, 08 May 2015 -
Jihadists Take Iraq’s Baiji Refinery; Shell Delays Majnoon
...ll come much later than expected. IS began an assault on Baiji on 29 April, pounding the refinery with mortars, rockets and rocket-propelled grenades, as it made yet another concerted effort to capture the 360,000 b/d refinery, which has been in the Jihadists’ sights since their June 2014 in...
Volume: 58Issue: 18Published at Fri, 01 May 2015 -
Iraq’s Battered Refining Sector Gets Rare Boost From Basra Upgrade Award
...ocessing around 400,000 b/d since Islamic State (IS) fighters first seized control of the Baiji refinery in June 2014, and news it has allegedly fallen under the Jihadist group’s control again this week could mean it will be out of action now indefinitely (see page 8). The refinery has been severely da...
Volume: 58Issue: 18Published at Fri, 01 May 2015