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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 -
Rabigh 2 Joins Petchems Start-Up Queue, Saudi Capacity Surge Nears
...dara said the unit would need rebuilding, although a SR113.4mn ($30.2mn) insurance claim will cover the rebuilding cost. UAE’s Borouge 3 polyolefins plant started up in 2014, but has still not reached full capacity because of ethane feedstock constraints (MEES, 5 June). The company now expects to re...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Oman Invites Bids For Building Duqm Refinery, Awards Liwa Cracker
...ocessing capacity of 222,000 b/d. The latest Jodi data show that state refiner Orpic processed an average 191,000 b/d of Oman crude in the first nine months of 2015, which was 2.6% lower than 196,000 b/d for the same period in 2014. Throughput for the first three quarters of 2015 was equal to the av...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Middle East To Drive Gas Growth, But Is It Sustainable?
...d of the decade.” In absolute terms, however, the IEA cut its outlook for 2040 global gas demand from that in its 2014 WEO, by 218 bcm/year to 5,160 bcm/year in its central scenario, mainly citing the economic slowdown and increased regulation for energy efficiency standards, and competition wi...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
UAE’s Ruwais Expansion Refinery Fully Operational
...oducts capacity in recent years. In 2014 the UAE’s refining companies produced 439,000 b/d of petroleum products, of which 389,000 b/d was consumed locally and 194,000 b/d was exported. The Ruwais Expansion will enable the UAE to eliminate gasoline imports – which averaged 34,000 b/d in 2014 – and in...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Iraq Awards Technology Contracts For Karbala Refinery, Plans Basra Boost
...nuary-August this year: 46,000 b/d gasoline, 28,000 b/d diesel and 9,000 b/d LPG. Iraq’s products supply has been hit badly by closure of its largest refinery at Baiji since June 2014, due to damage sustained in fighting between government forces and Islamic State (IS) jihadists for control of the si...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Iraq Awards Contract For 70k B/D Basra Refinery Expansion
...maged refineries operate at only 60-75% capacity, leading to a gasoline shortfall of 40,000 b/d (MEES, 1 May). Iraq’s refineries processed an average 600,000 b/d of crude oil in 2013, but this fell to 493,000 b/d in 2014. Islamic State jihadists overran the 310,000 b/d Baiji refinery, Iraq’s la...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Saudi Petchems Profits Fall 21% In Q3 Due To Weaker Sales Prices
...SAUDI ARABIA Saudi Petchems Profits Fall 21% In Q3 Due To Weaker Sales Prices Saudi Arabia’s petrochemical producers reported total net profits of SR6.63bn ($1.77bn) for the third quarter of 2015, which was 21% lower than for the second quarter and 30% down on the same quarter in 2014...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Aramco Advances Downstream Plans With Petro Rabigh, Sadara Progress
...d Saudi firm Taqa with ethylene oxide and propylene oxide for production of oilfield chemicals (MEES, 11 September). Aramco’s 2014 annual report says that integrating chemicals production with refining is “a core element of our downstream strategy.” The recently completed 400,000 b/d Satorp re...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Kuwait Nears Sale Of European Refinery, Targets Asian Downstream
...en no concrete progress to date, KPC and Sinopec have signed a memorandum of understanding for downstream cooperation. However, Kuwait is looking to reduce its exposure from 50% to 30% by bringing in a third partner (MEES, 13 June, 2014). KUWAIT CRUDE SUPPLY/DEMAND (‘000 B/D) KU...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Yemen’s Aden Refinery Restarts After Five Month Hiatus
...rib Basin fields to the port of Hodeidah, from where it is shipped to Aden in tankers. MEES estimated Yemen’s overall oil output at almost 110,000 b/d in April, as hostilities worsened, down from an average of around 160,000 b/d in 2014 (MEES, 3 April). Since then almost all oil producing operations ha...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Despite Record Gasoline Imports, Egypt’s Retail Pumps Run Dry
...14 2014 2013 2012 2011 CRUDE OIL: Production* 692 +4 688 676 68...
Volume: 58Issue: 40Published at Fri, 02 Oct 2015 -
Iraqi Kurdistan To Shake Up Shadow Refining Sector
...rket demand for crude was about 250,000 b/d in 2014. Genel says the Kalak and Bazian refineries typically require about 120,000 b/d and local traders comprise an additional ‘swing’ consumption of up to about 120,000 b/d for use in topping plants and for regional sales. Genel’s 250,000 b/d estimate fo...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Israel Refineries Maintain KRG-Fueled Near-Record Runs
...mes on the back of near-100% runs for 2014. Added together with shipping data, this indicates that the two plants are continuing to gorge themselves on cut-price crude from Iraqi Kurdistan. > The KRG has increased its independent crude exports from the Turkish Mediterranean port of Ceyhan to ar...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
GCC Fertilizers Capacity Hits 41Mn T/Y, But Feedstock Crunch Awaits
...mpeting technologies may curb their ambitions. GCC fertilizer capacity rose from 20.2mn tons/year in 2004 to 40.9mn t/y in 2014, according to the Gulf Petrochemicals and Chemicals Association (GPCA). Capacity grew by 4% in 2014 alone, according to the GPCA’s freshly-released ‘Fertilizers Indicators 2014...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Oman Eyes 2018 Completion Of Linked Downstream Projects, But Liwa Cost Rising
...ld reporters this week that work on the Sohar refinery expansion, which began in 2014, is expected to be completed in the fourth quarter of 2016. The products pipeline and storage terminal are scheduled for completion in 2017, while Liwa will be ready for start-up in 2018. LIWA COULD COST $5B...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Crude Output Hits Record Ahead Of Refining Expansion
...untry’s main producer, averaging 943,000 b/d of oil and condensates output in 2014. With state-owned refiner Orpic’s two refineries having combined capacity of 222,000 b/d, the bulk of Oman’s liquids output is available for export. Crude intake at the Sohar and Mina al-Fahal refineries averaged 19...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Iran Looks To Tap Foreign Investment In Bid To Advance Downstream Plans
...jor exploration and production drive with improved oil and gas investment terms in comparison to the earlier buyback contracts (MEES, 31 July), while petrochemicals firm National Petrochemical Company (NPC) is seeking investors to complete more than 60 stalled projects (MEES, 10 October 2014). NI...
Volume: 58Issue: 36Published at Fri, 04 Sep 2015