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Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU
...d of ethane and 100,000 b/d of NGLs (MEES, 10 October 2014). Whether 3.7bn cfd of extra methane and ethane feedstock is available depends on Iran’s completion of further phases of South Pars, on gas burning in power plants and on gas exports. However, Total and Shell appear to be planning to si...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Kuwait Eyes Push Into US Petchems With Award Of MEG Plant Contract
...ve been considering an aromatics joint venture since 2014. PIC and Noga signed an agreement in late October for a 1.44mn t/y aromatics project, according to Kuwait’s state news agency Kuna. Rapid progress is unlikely on this venture also, given Bahrain’s relatively limited financial resources and ma...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Qatargas Ramps Up Output At Ras Laffan 2 Splitter
...Qatar’s Qatargas has started operations at the Ras Laffan 2 condensate splitter and is ramping up production. But it is not clear how close the operator is to achieving full throughput capacity of 146,000 b/d. When Ras Laffan 2 construction began in 2014, Qatargas predicted plant co...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
Tightening Bunker Sulfur Specs To Boost Regional Diesel Demand
...most triple in 2015 compared with 2014, from 12,000 b/d to 31,000 b/d. In 2015 Rotterdam provided 180,000 b/d of marine bunker fuel, roughly the same as in 2014. SCRUBBER VS FUEL-SWITCH In theory vessels will be able to continue burning fuel oil with more than 0.5% sulfur, but only if they in...
Volume: 59Issue: 44Published at Fri, 04 Nov 2016 -
Egypt’s Refiners Struggling To Keep Pace With Products Demand
...mospheric residue fuel oil from the nearby 160,000 b/d Cairo refinery to deliver 75,000 b/d of lighter liquids, including 46,000 b/d of diesel and 13,000 b/d of jet-kero (MEES, 25 April 2014). The ERC project consortium is being led by local investor Qalaa Holdings, which says its consolidated debt on th...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Oman Announces New Bid Round As Record Output Continues
...Oman’s Ministry of Oil and Gas (MOG) announced details of a new oil and gas bidding round on 12 October. Four blocks are on offer in Oman’s first bid round since 2014. It opens on 23 October and extends to 15 February. When the bid round was initially proposed earlier this year, Oman had su...
Volume: 59Issue: 41Published at Fri, 14 Oct 2016 -
Iraq Looks To Breathe Life Into Nasiriya Refinery Project
...thin Iraq. The oil ministry’s Petroleum Contracts and Licensing Directorate (PCLD) “indefinitely” postponed bidding for the Nasiriya integrated project in June 2014 when Islamic State (IS) was making rapid advances across northern Iraq. The fighting never neared Nasiriya in the southern Dhi Qar pr...
Published at Fri, 30 Sep 2016 -
Iraq Looks To Breathe Life Into Nasiriya Refinery Project
...thin Iraq. The oil ministry’s Petroleum Contracts and Licensing Directorate (PCLD) “indefinitely” postponed bidding for the Nasiriya integrated project in June 2014 when Islamic State (IS) was making rapid advances across northern Iraq. The fighting never neared Nasiriya in the southern Dhi Qar pr...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Iraq: New Oil Minister Seeks Investors For Four New Refineries
...tween so-called Islamic State (IS) and federal forces beginning in June 2014. More recently, the 14,000 b/d Qayara refinery was virtually destroyed by IS fighters as they withdrew in July. The upshot is that even under the most optimistic calculations, capacity is just 566,000 b/d (see table). NEW PR...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Dubai 50% Splitter Boost
...s share of the UAE diesel, jet fuel and LPG markets. Enoc expanded the capacity of its twin-splitter Jebel Ali plant from 120,000 b/d to 140,000 b/d in 2012. Further expansion has been planned for some time, with Enoc awarding US engineering firm KBR a front end engineering design contract in 2014...
Volume: 59Issue: 34Published at Fri, 26 Aug 2016 -
Iran Lines Up Linde To Design Cracker In Giant 12th Olefin Complex
...mpany (NPC) – which originally conceived and planned the project, before it was handed over to Kian in 2014 under government’s privatization push – said that the project was still at the preliminary design stage at the end of 2014. Linde has been lined up to design the project’s cracker and 13...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Sabic & ExxonMobil Evaluating 1.8mn Tons/Year Record Cracker
...tput estimated at 64mn tons in 2014, it is currently facing competition from two large joint ventures involving state-owned petroleum giant Saudi Aramco. The 3.2mn t/y Sadara joint venture between Aramco and US chemicals firm Dow has completed two 375,000 t/y linear low density polyethylene units an...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Petro Rabigh Cracker Outage
...bigh threatened to terminate Rawec’s supply agreement. However, the dispute was resolved after Rawec paid Petro Rabigh SR750mn ($200mn) in compensation, along with a SR188mn ($50mn) reduction in tariffs and a SR188mn investment in improving the reliability of its supply systems (MEES, 6 June 2014). ...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Moroccan Refiner Samir Fails To Clinch Crude Deal
...mains in doubt. Although an expansion of the plant’s capacity from 120,000 b/d was completed in 2012, it has reached a peak throughput of only 167,000 b/d in March 2014, before stuttering to a halt in August 2015. The last recorded Mohammedia throughput on the Jodi database is 113,000 b/d for July 2015....
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
Iraqi Refining Runs, Gasoline Output At 9-Year Low Despite Progress Against IS
...roughputs for April and May – at 354,000 b/d and 362,000 b/d respectively – were the two lowest figures since 2007. Until early 2014 refineries in the north of Iraq provided over half of the country’s products output: for 2012 northern runs were 345,000 b/d versus 241,000 b/d for the south (see chart). Bu...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Iran Taps Koreans For Tabriz Refinery, Eyes $3.3bn Siraf Funding
...esel output from Tabriz at the expense of fuel oil. No schedule was announced, but the study is expected to take six months, according to Mehr News Agency. Latest data available from NIORDC show Tabriz refinery producing 21,000 b/d of gasoline and 42,000 b/d of gasoline in 2014, when fuel oil ou...
Volume: 59Issue: 23Published at Fri, 10 Jun 2016 -
Aramco Looks To Build On Record Output With ‘New Era’ Of Integration
...th 2014 – see p18). With the two new refineries targeting export markets, Saudi net products exports soared by 38% to 635,000 b/d according to the Aramco data, which unlike the Jodi data (500,000 b/d for 2015) appears to include field LPG. The Jodi data show gross 2015 products exports of 1....
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Iran Taps China For $1.5bn Refinery Upgrade, Warns Over Lack Of Upstream Progress
...is work at $3.6bn – significantly more than the figure quoted by Mr Zanganeh, which suggests that a less rigorous culling of ageing equipment is currently envisaged (MEES, 23 May 2014). The Abadan refinery MoU takes to six the number of Iran’s post-sanctions downstream deals. In refining Iran has li...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Sipchem Plans Sukuk To Diversify Funding Sources
...rk is intended to increase the reliability and efficiency of the units. In 2014 Sipchem and fellow Saudi petchems middleweight Sahara Chemicals had planned a merger to bring “significant synergies” in operations and create a strong platform for growth. The companies abandoned the plan, citing pr...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
Aramco Sees Petchems SMEs As Key To Vision 2030 Transformation
...e Saudi petchems pipeline, Sabic – which produced 64mn tons of petrochemicals in 2014, and is therefore by a long way the main Saudi chemicals player – is involved in a number of smaller, but significant, projects (see table). Despite its size, Sabic is not mentioned in the prince’s Vision 2030 do...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016