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Trade In The Med: More Hubs, New Ship-to-Ship Zones
...prus’ rise as a regional gasoline blending hub via its 545,000 m3 (3.4mn barrel) VTTV storage facility at Vasiliko. Vitol, which owns 45% of VTTI alongside IFM Investors (45%) and Adnoc (10%), heavily touted VTTV’s potential when it first began operating in 2014 (MEES, 31 October 2014). But it’s taken th...
Volume: 68Issue: 24Published at Fri, 13 Jun 2025 -
Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy
...erica and Asia, and in late 2014 a clean fuels upgrade program was completed which reduced the sulfur levels in gasoline and diesel by more than 98% to 10 parts per million (MEES, 2 January 2015). Aramco is looking to upgrade its domestic refining fleet as part of broader plans to boost its liquids-to...
Volume: 68Issue: 18Published at Fri, 16 May 2025 -
Saudi Slashes Jan-Feb Oil Burn; Can It Maintain The Progress?
...LUMES OF DIESEL. SOURCE: JODI, MEES. 2:....BUT THE FIRST TWO MONTHS OF 2025 HAVE SEEN SUBSTANTIAL GAINS WITH FEBRUARY OIL BURN* DOWN OVER 200,000 B/D YEAR-ON-YEAR FOR THE LOWEST MONTHLY FIGURE SINCE 2014 (‘000 B/D)... *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OIL BURNED IN PO...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
Iraq Targets 1.54mn B/D Refining Capacity With Relaunch Of 150,000mn b/d Missan Plans
...pacity since 2017, when the country was struggling to cope with the aftermath of the 2014 destruction of its largest refinery, the 290,000 b/d Baiji complex, by Islamic State (MEES, 26 September 2014). Mr Sudani says the new refining additions are part of his government’s efforts to maximize the value de...
Volume: 68Issue: 14Published at Fri, 04 Apr 2025 -
Iraq’s Cabinet Approves Basra-Haditha Crude Oil Pipeline
...l to global markets, but plans to develop an alternative route via Aqaba were derailed by the rise of the Islamic State in 2014, with security still a major concern in Anbar. IRAQ’S OIL & GAS PIPELINE SYSTEM ...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025