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  1. Jordan Cuts Handouts

    ...ndling fees. The latest pricelist effective 1 December cuts the price of 90 Octane unleaded gasoline by 17.4% from March 2014 (see table).     Jordan Product Prices (Fils*/Liter, Unless Otherwise Stated)       Dec ‘14 vs...

    Volume: 57
    Issue: 50
    Published at Fri, 12 Dec 2014

  2. OPEC, IEA Envisage $175Bn-Plus Mideast Refining Outlay To 2040

    ...2040. Both envisage regional crude distillation capacity surging to 2040, driven by rising local demand and governments’ search for increased revenues from oil resources. OPEC’s recent 2014 World Oil Outlook (WOO) forecasts a 3.7mn b/d increase in Middle East refining capacity to 2040: 2....

    Volume: 57
    Issue: 47
    Published at Fri, 21 Nov 2014

  3. Mideast Refining Surge To Continue Through 2040

    ...om 8.5% to 12.2%, while OPEC sees a hike from 8.1% to 11.5% (see Table 1). The IEA’s World Energy Outlook (WEO) 2014 envisages Middle East refinery throughputs rising from 6.6mn b/d in 2013 to 8.5mn b/d in 2020 and 10.6mn b/d in 2040. OPEC’s World Oil Outlook (WOO) 2014 (MEES, 7 November), sees ru...

    Volume: 57
    Issue: 46
    Published at Fri, 14 Nov 2014

  4. Egypt Plans Suez Refinery Asphalt, Diesel Expansion

    ...phalt – this is included in ‘other products’, for which first half 2014 production averaged 22,000 b/d and demand averaged 23,000 b/d. The Suez unit will be one of a number of new diesel sources. A key project is the Egyptian Refining Company (ERC) hydrocracker being built beside the 160,000 b/d st...

    Volume: 57
    Issue: 45
    Published at Fri, 07 Nov 2014

  5. Saudi Speciality Petchems Transformation Focuses On Aromatics

    ...omatics/Propylene:   2,200     Paraxylene Satorp, Jubail 700 2014...

    Volume: 57
    Issue: 42
    Published at Fri, 17 Oct 2014

  6. Gulf Refinery Expansions Mean 1mn B/D Products Exports From 2015

    ...oject are due to take Gulf refining capacity from 6.88mn b/d at the end of 2012 to 8.76mn b/d in 2020, a hike of 1.88mn b/d. Taking typical regional run rates (once plants have fully ramped up) of 85% and MEES estimates of domestic demand (based on actual figures to July 2014, current trends and kn...

    Volume: 57
    Issue: 40
    Published at Fri, 03 Oct 2014

  7. Key Project Shelved As Qatar Shifts Petchems Strategy

    ...10 Q-Chem II HDPE 350 2010   Linear a-Olefins 345   Total 2014   15...

    Volume: 57
    Issue: 39
    Published at Fri, 26 Sep 2014

  8. Algeria Fertilizers Capacity Rising After Sonatrach Signs New Gas Deals

    ...dernourished, but there are signs of green shoots. For a start, state petroleum regulator Alnaft is offering 31 blocks to encourage oil and gas exploration – although potential bidders are challenging the terms (MEES, 22 August). Sorfert Ramp-Up In its first half 2014 results Orascom says that “ramping up...

    Volume: 57
    Issue: 38
    Published at Fri, 19 Sep 2014

  9. KNPC Extends Al-Zour Bidding

    ...tairi says the tender deadlines have been extended until November 2014 and January 2015. “We are targeting April 2015 to sign the contracts for Al-Zour,” Mr Mutairi tells Reuters. This would represent little slippage, as the company earlier said it would award engineering, procurement and construction co...

    Volume: 57
    Issue: 38
    Published at Fri, 19 Sep 2014

  10. Egypt: Gas Shortage Fuels Record Diesel Demand

    ...0,000 b/d of products imports (assuming most is diesel in line with Egypt’s current import slate), the equivalent of around 90% of Egypt’s first half 2014 import requirements on a net basis (see table). Already products imports have soared. Overall net products imports hit a record 277,000 b/d in June. Fu...

    Volume: 57
    Issue: 37
    Published at Fri, 12 Sep 2014

  11. Gulf Refinery Data Reflects Saudi Capacity Ramp-Up, Impact Of Iraq Turmoil

    ...tivity as Jihadist attacks halt operations in some areas. Data for the 12 months to June 2014 show Gulf refinery throughputs averaged 6.3mn b/d, while Saudi throughput appears to be settling above the 2mn b/d mark with a record 2.14mn b/d processed in May. Saudi Arabia’s refinery throughputs dipped fr...

    Volume: 57
    Issue: 36
    Published at Fri, 05 Sep 2014

  12. Israel Refineries Hit Throughput Record, Diesel Exports Boom

    ...ISRAEL Israel’s refinery output hit a record 291,000 b/d for the first half of 2014, up 16,000 b/d on a year earlier as the country’s second largest plant in Ashdod completed a significant upgrade. Exports, especially of diesel, are rising even faster. Israel  has been rapidly sh...

    Volume: 57
    Issue: 35
    Published at Fri, 29 Aug 2014

  13. GTL Back On The Radar For Mideast Downstream Planners

    ...oposed         Iran Sarv/IDRO GTL Pilot, Saveh †1 2014 Iran RIPI Qeshm GTL, Qeshm Island 3 20...

    Volume: 57
    Issue: 35
    Published at Fri, 29 Aug 2014

  14. DRPIC Tenders Duqm Refinery Site Prep

    ...rk tender is expected to be followed by prequalification for an engineering, procurement and construction (EPC) contract for the refinery in third quarter 2014. DRPIC appointed Shaw Group as project management consultant for the 230,000 b/d refinery in August 2012. The US contractor’s energy and ch...

    Volume: 57
    Issue: 34
    Published at Fri, 22 Aug 2014

  15. Satorp Refinery Units ‘All Operational’, Says Total

    ...pears to not yet be onstream. Nevertheless, the refinery’s ramp-up has cut in to Saudi crude exports, whilst boosting products exports to near record levels. Saudi refinery runs averaged 1.85mn b/d during October 2013-May 2014, compared with 1.52mn b/d in the previous eight-month period. Throughputs re...

    Volume: 57
    Issue: 33
    Published at Fri, 15 Aug 2014

  16. Aramco/Sumitomo Agree Handover Of Rabigh-2 To JV Operating Company

    ...urth quarter of 2014. The existing Petro Rabigh complex produces 18.4mn tons/year of petroleum products and 2.4mn t/y of chemicals. Rabigh-2 will produce up to 4.85mn t/y of high value chemicals. Petro Rabigh estimates the cost of the Rabigh-2 plant at SR32bn ($8.5bn), and says it will be online in 20...

    Volume: 57
    Issue: 33
    Published at Fri, 15 Aug 2014

  17. Iran Lays Giant Condensate Export ‘Refinery’ Bait For Foreign Investors

    ...ported 95mn liters (almost 20,000 b/d) of Euro-4 gasoline in July. Latest figures from JODI show that Iran’s total gasoline imports averaged just over 20,000 b/d for the year to April 2014, with a peak of 48,000 b/d of imports in February this year (see chart). Iran Gasoline Supply (‘000b/D) Ir...

    Volume: 57
    Issue: 32
    Published at Fri, 08 Aug 2014

  18. New Gulf Refineries To Make Middle East Major Products Exporter

    ...rect crude burn is forecast to increase by more than 70,000 b/d through 2020,” says FGE. Already, for May 2014 (the latest month for which official data is available), Saudi crude exports are down by 800,000 b/d year-on-year despite crude production having risen by 50,000 b/d over the same period (ME...

    Volume: 57
    Issue: 31
    Published at Fri, 01 Aug 2014

  19. Saudi Petchem Firms Mainly Report Improved Profits, SABIC Eyes Price Rise

    ...SAUDI ARABIA Saudi petrochemicals companies mostly reported improved profits for the second quarter and the first half of 2014, with better market conditions reflected in higher market capitalization for all players. State-owned petchems giant SABIC saw profits rise 7% in the second qu...

    Volume: 57
    Issue: 30
    Published at Fri, 25 Jul 2014

  20. MENA Leads OPEC Refining Hike As First Mega-Refinery Comes Onstream

    ...wly released Annual Statistical Bulletin 2014. The data includes the first of the Gulf mega-refineries to be completed: the 400,000 b/d Satorp joint venture of Saudi Aramco and France’s Total. The similar-sized Aramco/Sinopec Yasref refinery and Aramco Jazan refinery are due onstream in 2014 and 20...

    Volume: 57
    Issue: 30
    Published at Fri, 25 Jul 2014