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Israel’s Paz Eyes ‘Ashdod Oil Refinery’ Spin-Off As Margins Surge
...gh margins this year, though revenues were hit by a full maintenance shutdown between May and July which left Q3’s output of 62,700 b/d the lowest since Q2 2017 (see chart 1). Despite the prolonged Paz outage, Israel’s overall refinery output is on course to post a three-year high, averaging 27...
Volume: 65Issue: 48Published at Fri, 02 Dec 2022 -
Uniper Seeks Buyers For Fujairah Refinery
...rket. The two-train topping plant started commercial operations in 2017, and Uniper says it has “the capacity to produce about 5mn t/y of marine fuels with sulfur content as low as 0.1% and up to IMO 2020 specifications [0.5%].” The refinery runs on crude oil feedstock imported on tankers. Data in...
Volume: 65Issue: 46Published at Fri, 18 Nov 2022 -
Sabic: Jubail MEG Start-Up
...bsidiary. United (Sabic 75%, Public Pension Agency 15%, General Organization for Social Insurance 10%) awarded Korea’s Samsung Engineering a $700mn contract for construction of the 700,000 t/y MEG plant in December 2017 with completion initially scheduled for 2020 (MEES, 5 January 2018). The facility was fl...
Volume: 65Issue: 42Published at Fri, 21 Oct 2022 -
Iran Eyes Local Firms For Downstream Boost
...OEC), said on 30 August that “physical progress” had reached 95% at the 210,000 b/d CDU and 100,000 b/d VDU units. The project is financed by a 2017 Sinosure $1.3bn credit line (MEES, 10 February 2017), and Chinese state firm Sinopec has been involved. NIORDC expects the upgrade to be finalised this mo...
Volume: 65Issue: 36Published at Fri, 09 Sep 2022 -
Aramco’s Overseas Downstream Expansion: Much More To Come
...vestments “We’re looking at highly integrated complexes that have more than 50% liquid to chemical [conversion rate].” One such investment that was struck back in 2017 but has suffered repeated delays is the Pengerang Refining and Petrochemical (PRefChem) JV with Petronas, which operates a 300,000 b/d co...
Volume: 65Issue: 33Published at Fri, 19 Aug 2022 -
Qatar: 2026 Cracker Start
...nocoPhillips have secured stakes. The LNG expansion project will provide ethane feedstock for RLPP. When announcing the planned facility in 2017, Mr Kaabi told MEES that “for the first time in Qatar we are going to extract ethane before we liquefy. So we are going to have a major petrochemical plant in ad...
Volume: 65Issue: 23Published at Fri, 10 Jun 2022 -
Key Sadara Chemicals Pipeline Boosts PlasChem Operations
...p). The Sadara complex is centered around a 1.9mn t/y mixed-feed cracker, which is able to process up to 53,000 b/d of naphtha and 85mn cfd of ethane and an aromatics plant producing 280,000 t/y of benzene and 134,000 t/y of toluene. The final Sadara unit started operations in 2017 (MEES, 18 August 2017...
Volume: 65Issue: 22Published at Fri, 03 Jun 2022 -
Iraqi Kurdistan’s Energy Sector Under Attack
...vancing Islamic State and Kurdish fighters filled the vacuum, saw it banned by NOC following the federal government’s re-taking of the fields in 2017. Kar’s proposal to take over two power plants in Basra last year was denounced by MPs (MEES, 12 February 2021) who labeled it as a sell-off of “state as...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Mideast Distillate Exports Drop Amid Global Shortfall
...ower pace than envisioned by the IMF in January (MEES, 22 April) – and demand therefore rising, distillate crack spreads have widened dramatically. Inventories have been declining since mid-2021 “and are currently at their lowest level since at least 2017,” according to a 12 April note by consultancy FG...
Volume: 65Issue: 17Published at Fri, 29 Apr 2022 -
Saudi Crude Exports At 22-Month High As Crude Burn Falls
...bruary, the highest since August 2019 whilst fuel oil production rose to 524,000 b/d for the highest since August 2017. This comes as Saudi gradually ramps up throughputs at its 400,000 b/d Jazan Refinery which is currently running at half capacity prior to full operations later this year. However, it is un...
Volume: 65Issue: 16Published at Fri, 22 Apr 2022 -
Egypt Oil Burn Rises As Gas Exports Maxed
...art). Egypt slashed fuel oil burn at its power plants following the end-2017 start-up of the giant Zohr offshore gas field (see p3 and MEES, 15 December 2017) and the 2018 start-up of 14.4GW of CCGT capacity (MEES, 27 July 2018). Fuel oil burn fell to an average of just 35,000 b/d for 2020 and 22...
Volume: 65Issue: 16Published at Fri, 22 Apr 2022 -
Saudi Arabia’s Oil Export Revenues Jump To Three Year High
...salination. Combined crude burn and fuel oil consumption (the majority of which is burned) dipped slightly last year from 1.02mn b/d to 1.00mn b/d, but this was still the second highest annual figure on record. Since 2017, fuel oil burn has outstripped crude burn. But while fuel oil consumption dropped by 5% la...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Iran Targets 3.5mn b/d Refining Capacity
...ocessing facilities at Assaluyeh. The facility was one of the key projects awarded after sanctions were lifted in 2016. A heads of agreement (HoA) for a $3bn deal to construct the facility was signed with Korea’s Hyundai Engineering and Construction, Daelim, and Japan’s Chiyoda in 2017, with estimated co...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Iran’s First Super Heavy Refinery Opens At Qeshm
...th a gross tonnage of up to 70,000 tons can dock on one side and 7,000 GT vessels on the other. PEDC has also been developing a 500MW combined cycle power plant to provide the refinery with power. The first 85MW has been operational since 2017-18, and work is underway to bring it up to full 500MW ca...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022