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Saudi Petchems Firms: Consolidation Ahead?
...ead in December 2018. Sipchem and Sahara had revived a merger plan that was shelved in 2014 as a massive collapse in crude prices slashed petchems earnings (MEES, 7 December 2018). Many of the other listed Saudi petchems firms – the Aramco/Dow Sadara joint venture is not traded on Tadawul – are su...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
Iraq Plans Qayara Refinery Expansion
...veiled plans for multiple greenfield refineries, but the only one to progress is a 140,000 b/d project at Karbala awarded to a Korean consortium led by Hyundai E&C under a $6bn contract in 2014 (MEES, 21 February 2014). The delayed project now targets 2022-startup, though even this looks optimistic. Th...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Kuwait Completes First Package Of Mina Abdullah CFP
...oduction of Euro 5 specification fuels. Contracts worth $12bn were awarded in 2014 with construction work scheduled to be completed in late-2017 (MEES, 14 February 2014). After years of delays CFP is now approaching completion. The latest landmark came as US contractor Fluor announced on 18 August that it...
Volume: 63Issue: 34Published at Fri, 21 Aug 2020 -
Satorp Gets Cracking With Amiral Petchems Integration
...el, LPG, aromatics, propylene and petroleum coke. It was started up in two phases and reached initial full crude distillation capacity of 400,000 b/d in 2014 (MEES, 24 October 2014). Satorp has since been debottlenecked, first to 440,000 b/d in 2018 and again to 460,000 b/d throughput capacity ea...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Ecomar Thinks Big After Fujairah Refinery Start-Up
...ly 2014). “The concept was changed,” says Mr Shaddick. “We currently process a mixture of Arab Heavy and Arab Light crudes [from Saudi Arabia], which are relatively low in sulfur among regional crudes. We are looking to add a coker and desulfurization units in the near future as part of our ex...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Petro Rabigh Adds Hydrotreater
...nthly Jodi data. Saudi refinery throughputs for April were 1.84mn b/d, their lowest level since the 1.81mn b/d processed in November 2014 (see chart). Saudi refinery operations in 2020 had earlier been impacted by a mid-January to end-February shutdown of 440,000 b/d Satorp refinery at Jubail, a jo...
Volume: 63Issue: 25Published at Fri, 19 Jun 2020 -
Egypt Cuts Oil Import Bill As Refineries Up The Pace
...ypt, it is fuel oil demand that has fallen the furthest: from a peak of 196,000 b/d in 2014 and 2015, when the country’s gas shortage was at its most severe, to just 76,000 b/d for 2019, by far the lowest figure in Jodi data stretching back to 2002 (see chart 2). Overall, the near 160,000 b/d fall in...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Egypt Petchems Sector Boosted By Gas Revival, Eyes Expansion
...ES, 8 May 2015). Data from state firm Echem – partner in most Egyptian petchems projects – show its output rebounding from 1.47mn tons for the 2014-15 financial year to 3.8mn tons for 2016-17. PETCHEMS STRATEGY President Abdel Fattah al-Sisi met with oil minister Tareq El Molla and ot...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020