Middle East
HP Editorial Comment: Is the global refining sector growing toward overcapacity?
The global refining sector has been a bright spot for the oil and gas industry for nearly a year.
HP Global: First phase of Middle East refinery projects nearly complete
The first phase of new refining capacity in the Middle East has already come onstream, with more than 1.1 MMbpcd of incremental capacity in Saudi Arabia (at SATORP and YASREF refineries) and the UAE (..
HP Business Trends
To satisfy its growing refined fuel demand, Latin America has relied heavily on imports from the US. Major refinery projects have been announced to curb this reliance, but the drop in crude oil prices has limited capacity expansions.
New projects decline, but backlog holds strong
Even after the recent downturn in oil and natural gas pricing, our analysis shows why downstream E&C companies can depend on a strong backlog to last through the decade.
Egypt plans $300M refinery expansion in gasoline; contracts UOP technology
ANRPC will add a second UOP CCR Platforming process unit, including a modular CCR section, at the facility to produce high-quality reformate, which is used to produce high-octane, low-sulfur gasoline.
BP to license purified terephthalic acid technology for new Oman facility
Using BP's technology, OMPET intends to build a 1.1-million tpy unit at Sohar, Oman, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.
Iran eyes new methanol projects after sanctions
A full repeal of sanctions would also open up a large volume of methanol supply to global markets within the next five years, reducing the country's dependence on the Indian and Chinese markets for its exports, the IHS report said.
Borouge selects Neste Jacobs as FEED contractor on Ruwais PE upgrade
This project is the third FEED project in a row which Neste Jacobs is delivering to Borouge in the UAE under the long-term service contract that was previously signed between the two companies.
CB&I licenses styrene, ethylbenzene technology for Egypt plant expansion
The units will be a part of the Tahrir Petrochemicals complex expansion and will use CB&I's ethylbenzene (EB) and styrene (SM) technologies to produce 400,000 tpy of styrene monomer.
Manoir to equip refinery hydrogen furnaces for KNPC’s clean fuel project
The Manoir Industries deliveries are part of the KNPC's strategic Clean Fuel Project, which aims at upgrading the hydrogen production volume of integrated refinery plants so as to enhance the refinery's production capacity and reduce the sulfur content of their petrochemical products.
- OMV receives €450-MM loan from the European Investment Bank for its 140-MW green hydrogen production facility 7/13
- Poland's Unimot says it will supply crude to Germany's Schwedt refinery 7/13
- Hormuz traffic slows to two-month low as renewed U.S., Iran strikes raise safety risk 7/13
- Sinopec deepens aviation fuel push with CNAF restructuring 7/13
- Indian naphtha premiums surge as Gulf, Russian supply tightens 7/13
- Less than a month's supply: Europe's jet fuel stocks are wafer thin as Iran tensions flare 7/13
