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Duqm Refinery Feedstock Imperiled By Hormuz Closure
...ich would later be upgraded to its current 106,000 b/d capacity. Oman then commissioned the Sohar refinery in 2008, initially with a capacity of 116,000 b/d and subsequently expanded to 198,000 b/d in 2017 (MEES, 17 February 2017). In 2006, the government floated plans for the refinery at Duqm be...
Volume: 69Issue: 11Published at Fri, 13 Mar 2026 -
Global Gas Scramble After Qatar Shuts Down LNG Production
...osure. It has always marketed itself as a highly-reliable supplier, but going forward clients will have to take into consideration the geopolitical risks stemming from proximity to Iran. CEO Saad al-Kaabi emphasized the importance he places on this reputation of reliability when speaking with MEES in 2017...
Volume: 69Issue: 10Published at Fri, 06 Mar 2026 -
QatarEnergy Crowns LNG Conference With Two Major Supply Deals
...ES, 7 July 2017). When FID was finally taken on the $29bn NFE in 2021, first gas was targeted for 4Q 2025 (MEES, 12 February 2021). But LNG projects are notoriously complex and prone to delays, and NFE has been no exception, with the startup of the first train pushed back. The latest guidance of...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Israel’s Bazan Refinery Repair Work Extends Into Q4
...8,500 b/d, which was the lowest since 2017, according to Kpler (see chart 3). Supplementing the crude supplied to the two refineries, Israel also imports around 10,000 b/d of vacuum gasoil (VGO), which is used in the refining process and mainly sourced from Russia. Israel stopped importing crude from Ru...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Saudi Refined Products Exports Soar Amid High Margins
...rir) averaged 325,000 b/d last quarter according to Kpler, the highest such figure in records back to 2017. 1: SAUDI OIL BURN LEVELS ('000 B/D) IN 2025: VOLATILE, BUT AVERAGING BELOW RECENT YEARS *CRUDE PLUS FUEL OIL CONSUMPTION. PRESUMES ALL FUEL OIL BURNED IN POWER PLANTS (SOME IS USED AS...
Volume: 68Issue: 34Published at Fri, 22 Aug 2025 -
Oman LNG: Record Volumes Generated $6.5bn Revenues For 2024
...joying a profitable turn in recent years. Following the resurgence of upstream gas output since the 2017 startup of the 1.5bn cfd Khazzan/Ghazeer tight gas project, Muscat has been racing to expand its liquefaction capacity. Back in 2022 Oman LNG completed debottlenecking work at its three-train Sur fa...
Volume: 68Issue: 27Published at Fri, 04 Jul 2025 -
Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy
...line next year. Now, Aramco is once again examining whether to integrate petrochemicals into its wholly-owned 635,000 b/d Motiva refinery at Port Arthur in the US. Previously operated by the 50:50 Motiva JV with Shell, Aramco took full control of the refinery in 2017 (MEES, 10 March 2017). Mr Na...
Volume: 68Issue: 18Published at Fri, 16 May 2025 -
Saudi Slashes Jan-Feb Oil Burn; Can It Maintain The Progress?
...at fuel oil shipments to Saudi facilities (including seaborne domestic transfers) have started the year at multi-year lows (see chart 4). The Q1 average of 240,000 b/d was the lowest three-month average in Kpler data stretching back to 2017. This marked a significant drop from 318,000 b/d one ye...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
GCC Deepens Africa Ties, Starting 2025 With Record Oil Product Exports
...ate energy firm OQ has also expanded into distribution in Africa. It took a 40% stake in Kenya-based Hass Petroleum through its subsidiary OQ Trading back in 2017. The company operates more than 150 retail stations across nine countries in central and east Africa. Oman, like other countries in the GC...
Volume: 68Issue: 15Published at Fri, 11 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 -
Egypt LNG Imports Hit 7-Year High 2.78mn T For 2024, Eyes Tentative Exports For 2025
...Egypt resumed LNG imports last year after a six-year hiatus, with volumes of 2.78mn tons the highest since 2017 after a late-year surge. Cairo eyes the resumption of exports later this year, but this is far from guaranteed. Egypt’s slumping gas output and rising demand saw the country dr...
Volume: 68Issue: 02Published at Fri, 10 Jan 2025 -
Saudi Halts Bab al-Mandeb Fuel Oil Transfers
...livered in October is the smallest monthly figure in Kpler’s records dating back to January 2017. In reality, it will have been the smallest in at least a decade, if not this century, given how embedded the Gulf-Red Sea route is in Saudi Arabia’s supply chain. Key facilities such as the 6GW Rabigh and 5....
Volume: 67Issue: 44Published at Fri, 01 Nov 2024 -
Egypt Oil Products Import Bill Soars As Aged Refineries Shunned
...gust and 237,000 b/d for September. As for LNG, Q3’s LNG imports of 1.45mn tons (19 cargoes) were just shy of the all-time high volumes of 2016 and 2017 (MEES, 13 September). Based on pricing at premiums of around $1.50/mn BTU to the European TTF benchmark as per Egypt’s Q3 import awards (MEES, 28 Ju...
Volume: 67Issue: 40Published at Fri, 04 Oct 2024 -
Kuwait Hopes To Revive Stalled Petchems On Back Of Refinery Upgrade
...$9.7bn (MEES, 26 May 2023). The UK’s Amec Foster Wheeler was awarded a $34mn Feed contract for Olefins-3 and Aromatics-2 back in 2017 (MEES, 19 May 2017). However, the lack of foreign investor interest means a final investment decision has yet to be taken. The firm remains hopeful that it can se...
Volume: 67Issue: 39Published at Fri, 27 Sep 2024 -
Oman’s Sohar Strengthens Gasoline Trading Hub Role
...dn’t impact trade of the fuel. Oman has been a net gasoline exporter since 2018 after upgrading and expanding its 197,000 b/d Sohar refinery the previous year (MEES, 17 February 2017), and both imports and exports have set new records each year since, with net exports steady at around 30,000 b/d on an an...
Volume: 67Issue: 37Published at Fri, 13 Sep 2024 -
Egypt Refinery Upgrades Edge Forward
...west figures since 2017, whilst the latest figures for June are only slightly higher (see chart). For 2023, national throughputs of 530,000 b/d were just 70% of the country’s then primary distillation capacity of 760,000 b/d. The most recent by-company runs figures, for the 2022-23 financial ye...
Volume: 67Issue: 35Published at Fri, 30 Aug 2024 -
Algeria-Spain Spat Leaves 1.26GW Power Plant In Limbo
...lguera,” adding that it is now seeking “a definitive solution for all parties.” The project was originally awarded back in 2014 at a price tag of $719mn (MEES, 7 March 2014), with civil works completed by end-2016 (MEES, 15 September 2017). Satellite imagery indicates that substantial work has taken pl...
Volume: 67Issue: 26Published at Fri, 28 Jun 2024 -
Kuwait’s KPC Plans Merger Of Refining Subsidiaries
...2017 to oversee development of the Al Zour refinery and LNG import terminal, but now its role has transitioned to managing their operations, and there could be efficiency gains if this is done in greater alignment with KNPC. Al Zour exports in Q1 equated to around a third of Kuwait’s overall re...
Volume: 67Issue: 15Published at Fri, 12 Apr 2024 -
Kuwait’s Pivot To Products Exports Yields Revenue Boost
...2024, that would be the lowest level since 2003. Meanwhile refined products exports have averaged around 850,000 b/d so far this year, putting Kuwait on track to smash 2012’s record 805,000 b/d. Crucially, having shuttered the aging Shuaiba refinery in 2017 and completed the $15.6bn Clean Fu...
Volume: 67Issue: 11Published at Fri, 15 Mar 2024 -
Qatar Breaks Ground At $6bn Petrochemical Complex
...pacity in 2017, the facility’s scale has twice been revised up, to 1.9mn t/y in 2019 and subsequently to 2.08mn t/y. The new complex is slated for late-2026 start up when it will lift Qatar’s total petrochemicals capacity to 14mn t/y (MEES, 13 January 2023). The laying of the foundation stone ma...
Volume: 67Issue: 08Published at Fri, 23 Feb 2024