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Cairo Advances Energy Sector Privatizations
...ck to levels last seen at the start of the 2011 revolution. Egypt received the first $2.75bn tranche of the IMF cash last November with a second, $1.25bn, tranche approved on 13 July. The IMF delegation came to Egypt to review the reforms with the government last May. They announced in a st...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Pearl GTL: Shell Bullish But Gasifier Worries Linger
...laysia. Pearl, a test case of whether the ‘Bintulu’ technology is fully scalable, is a two-train plant. The first train was started up in early 2011 and the plant reached full commercial operation by the end of 2012. Pearl is Qatar’s second GTL plant. South Africa’s Sasol started up the $950mn, 32...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Sabic Output At Record High In 2016, But Net Income Lower In ‘Pivotal Year’
...an halving in oil prices far better than it did in 2009, when a more modest fall in oil prices saw earnings collapse to just $2.42bn (see charts). Net income has fallen every year but one since 2011’s record $7.80bn despite steadily rising output since. Production numbers are somewhat confusing as...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Aramco Pays Petronas $7bn For 50% Stake In Rapid Project
...uthwestern Yunnan province, having signed a memorandum of understanding in March 2011. CNPC has finished building the 260,000 b/d refinery, the first in the landlocked province, and aims to import crude for the plant via a spur line from the 2,400km, 440,000 b/d Myanmar-China pipeline, which will receive cr...
Volume: 60Issue: 09Published at Fri, 03 Mar 2017 -
Shell Sees Qatar’s Pearl GTL Plant Offline For ‘A Couple Of Months’
...jacent 120,000 b/d NGLs and ethane plant take around 1.6bn cfd of gas from Qatar’s giant North Field. The combined GTL/liquids project reached full commercial production at end-2012, following start-up of the first GTL train in early 2011 and the first commercial cargo of gasoil in June 2011. The co...
Volume: 60Issue: 06Published at Fri, 10 Feb 2017 -
Aramco Awards Ras Tanura Clean Fuels, Seals Indonesia Deal
...ar (MEES, 4 March 2016). Front end engineering design (FEED) was carried out by US firm Jacobs Engineering in 2011 under Aramco’s General Engineering Services Plus (GES+) scheme, which pairs international firms with local contractors to encourage Saudization. CILACAP EXPANDED The Ras Ta...
Volume: 60Issue: 02Published at Fri, 13 Jan 2017