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Saudi Petchems Firms: Consolidation Ahead?
...merging the two companies,” while caveating that entering discussions “does not necessarily mean that the deal will take place.” Indeed, the companies entered into talks about a similar merger in 2011 without concluding a deal. The proposed merger comes at a time when Saudi petchems firms of al...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
Qatar’s Oryx GTL Train 2 Offline Until 2Q21
...oject. However, its development cost trebled from $6bn at project go-ahead in 2006 to $18.5bn at project completion in 2011, while ramp-up to full capacity took a year longer than anticipated (MEES, 16 August 2013). Despite the problems experienced at Qatar’s two GTL plants, nearby Oman has designs to...
Volume: 63Issue: 34Published at Fri, 21 Aug 2020 -
Egypt Squeezes More Out Of Its Refining Fleet
...uge for 2019 as a whole, most products’ output grew year-on-year. However, jet-kero is the only product to reach a new record high, averaging 58,000 b/d. Analysis of the latest Jodi monthly data shows diesel at 149,000 b/d in 11M19, short of the record 163,000 b/d in 2011, while gasoline’s rally to 86...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020