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Gulf Refiners Eye Record 2021 Capacity Boost With Completion Of Delayed Mega-Projects
...aning instead towards a 400,000 b/d facility alongside expanding existing plants by 200,000 b/d. Of Gulf countries only Iran and Qatar do not have new capacity under development, though Iran, having added 480,000 b/d of condensate splitter capacity at the Persian Gulf Star complex between 2017 and 20...
Volume: 63Issue: 52Published at Thu, 24 Dec 2020 -
Kuwait’s Al-Zour Refinery Takes Delivery Of Commissioning Crude
...rm KOC into storage tanks at the new Al-Zour refinery in preparation for commissioning. Once operational, Al-Zour will bring Kuwait’s total refining capacity to 1.4mn b/d which is equivalent to nearly half of Kuwait’s approximately 3mn b/d oil production capacity. Prior to the 2017 shutdown of th...
Volume: 63Issue: 49Published at Fri, 04 Dec 2020 -
Adnoc/ADQ JV Launches $5bn Plan For Ruwais Petchems
...18). This is part of a 2030 strategy to boost refining capacity by 60% to 1.44mn b/d and more than triple petchems capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). Adnoc and ADQ announced on 10 November that ‘anchor’ projects will be promoted as part of a $5bn first phase of the park, with de...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Gulf Oil Giants Eye Enhanced India Ties
...pand their commercial links. The largest three oil producers in the Middle East (and Opec) are also India’s three largest suppliers (see chart). Opec No.2 Iraq overtook Saudi Arabia as India’s largest supplier in 2017 and has held on to the crown ever since, with both supplying record volumes last ye...
Volume: 63Issue: 44Published at Fri, 30 Oct 2020 -
Saudi Arabia: Oil Demand Up, Oil Exports Up
...ude burn figure was the highest since September 2017, when the kingdom burned 660,000 b/d of crude. As well as the more pronounced seasonality, more crude was also likely required to replace associated gas, production of which has fallen alongside crude oil. Meanwhile domestic consumption of fuel oi...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Iraq Plans Qayara Refinery Expansion
...mple topping plant at Qayara (MEES, 2 November 2018), which was rehabilitated in 2017 and suffered a small fire at one of its storage tanks last week. The lack of a capable refinery means volumes are trucked for export from Basra’s Khor al-Zubair terminal. Qayara’s poor quality means it is sold at...
Volume: 63Issue: 37Published at Fri, 11 Sep 2020 -
Israel Sees Record Crude Stockbuild
...e average 2019 figure. Q2 saw quarterly record of 339,000 b/d. *Even allowing for crude re-exports, which hit 92,000 b/d in June, the highest since February 2017, but averaged a far more modest 22,200 b/d for 1H 2020 as a whole, Israel’s net crude imports of 294,800 b/d for Q2 are still over 80...
Volume: 63Issue: 36Published at Fri, 04 Sep 2020 -
Sabic Losses Continue Due To Tough Market And Impairments
...vestments in the 4mn t/y Sadaf cracker-based complex – in which it bought Shell’s 50% stake for $820mn in 2017 (MEES, 27 January 2017) – and its Ar-Razi methanol joint venture with Japan’s JSMC near the Gulf coast industrial hub of Jubail, which it last year extended for 20 years while increasing its stake fr...
Volume: 63Issue: 33Published at Fri, 14 Aug 2020 -
Técnicas Reunidas Looks To Move On From Jazan Fiasco
...ado predicts. RAS TANURA CFP: ALMOST DONE TR adds that the latest $80mn Ras Tanura award is a “new and independent contract” from the $1.5-1.8bn clean fuels upgrade contract that the firm was awarded at Ras Tanura refinery at the end of 2016 (MEES, 13 January 2017). Work on this is “cu...
Volume: 63Issue: 32Published at Fri, 07 Aug 2020 -
Ruwais Fix: OMV Upbeat
...uid catalytic cracker (RFCC) – one of the world’s largest – at its 417,000 b/d Ruwais West refinery. The RFCC was damaged in a fire in early 2017 and wasn’t fully functional again until last year (MEES, 22 February 2019). Even then, problems persisted. Adnoc implemented a general turnaround at Ru...
Volume: 63Issue: 32Published at Fri, 07 Aug 2020 -
Oman Refining Output Collapses To Three-Year Low In Q2
...port revenues for the financially challenged sultanate. Oil products exports brought in $2.71bn and $2.41bn in 2018 and 2019 respectively (a not insignificant 10% of total oil and gas export revenues), up from just $1bn in 2017 (MEES, 27 March). But, like many other facets of the oil industry, the co...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Iran Hikes Capacity At Persian Gulf Star Condensate Splitters
...0,000 b/d and increase gasoline output capacity to 309,000 b/d. With US sanctions choking crude oil exports, gasoline exports represent a critical revenue generator for Tehran. Iranian oil and gas earnings dropped to $8.9bn for the 2019-20 Iranian year (to March 2020), less than a third of 2017-18’s $27...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Iran Plans Northern Propylene Plant
...at delivers ethylene from crackers near Assaluyeh to a number of polyethylene plants in underdeveloped areas of western Iran (MEES, 21 April 2017). Mr Mohammadi says Iran’s propylene capacity is currently 900,000 t/y and “we are trying to increase this to 3mn t/y.” He told the petroleum mi...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Adnoc Investment Boost For Petchems-Fuelled Ruwais Plans
...fining and petrochemicals complex” (MEES, 18 May 2018). Under the 2030 strategy, Adnoc will boost refining capacity by 60% to 1.44mn b/d and more than triple petchems capacity to 14.4mn t/y by 2025 (MEES, 1 December 2017). The derivatives park is intended to be “a key enabler of Adnoc Downstream’s 20...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Aramco Shakes Up Downstream Operations
...cal industry and the grid (MEES, 3 July). Aramco has announced a plan to seek a license to sell electricity directly (MEES, 20 October 2017). ...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Aramco Committed To Crude-to-Chemicals But Delays Development Decision
...chnologies with a cracker (MEES, 1 December 2017). CRUDE OIL TO CHEMICALS CONCEPT SOURCE: MEES. ...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Ecomar Thinks Big After Fujairah Refinery Start-Up
...vernment in 2007. Germany’s Uniper reached commercial operation of a 67,000 b/d refinery in 2017 (see map). Two plans to build refineries at Fujairah came to nothing. Former Abu Dhabi investment house IPIC abandoned a planned 200,000 b/d conventional refinery in 2016, before its merger with Mubadala (ME...
Volume: 63Issue: 26Published at Fri, 26 Jun 2020 -
Aramco Exits Indonesia’s Cilacap Refining Project, Nears Reliance Deal
...tals conglomerate Sabic, to help fund Riyadh’s Vision 2030 economic transformation. This deal is expected to complete by the end of June (MEES, 15 May). ARAMCO OVERSEAS DOWNSTREAM U/C = UNDER CONSTRUCTION *MOTIVA JV WITH SHELL SPLIT Q2 2017. **SITE CHANGED FROM RATNAGIRI. ^ORIGINALLY CA...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Kuwait Eyes First Exports After Clean Fuels Upgrade
...726,000 b/d at two plants in March 2017, when KNPC shuttered the 200,000 b/d Shuaiba refinery after a series of unscheduled outages. Once CFP is finished Kuwait’s next refining capacity increase will come at a new 615,000 b/d refinery at Al-Zour. This is running behind schedule, with start-up ac...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
Rabigh Record Loss
...e Saudi Red Sea coast comprises a 400,000 b/d refinery and 4.97mn t/y petrochemicals complex. The petchems plants were built in two stages, with the 2.57mn t/y Rabigh-2 complex reaching mechanical completion in 2017 but only reaching full commercial operation in October 2019 (MEES, 8 November 2019) wi...
Volume: 63Issue: 19Published at Fri, 08 May 2020