Middle East oil refining boom brings competition
More than 7 million barrels per day of new, global crude oil refining capacity is expected to come online by 2020—nearly a third of that located in the Middle East. This trend will have significant competitive implications for Asian refiners.
GCC refining ramp up heats up global competition
The GCC countries are in a diversification drive away from crude oil export dependency, but as global capacity also rises, increasing competition means a more uncertain long-term outlook for the region’s refineries, APICORP said in its new energy research......
Iran to boost refining capacity by 70 per cent
The increased capacity will come from a range of new refineries, plus five upgraded facilities, at a cost of around US$14 billion. Iran’s Persian Star refinery will process around 360,000 bpd when it opens in March 2017.
Integration is key for GCC’s downstream oil and gas sector
With comparatively high margins still available in the refining and petrochemical sectors, GCC producers are well placed to feed a growing regional and international market. However, increased efficiency and integration of assets will be critical if the r......
Saudi Aramco to build refinery, petchem plant in China
Saudi Arabia and China’s state-owned firms Saudi Aramco and China North Industries Group Corp (Norinco) signed a deal for an integrated refining and chemical facility in northeast China, as the former implements it refinery investment strategy to secure d......
The refining boom in Kurdistan
The Kurdistan region of Iraq is experiencing a reﬁning boom and Qaiwan Group, an Iraqi Kurdish conglomerate is at the heart of this growth at its Bazian Reﬁnery. We speak to Fehmi Konyar, executive member of the Board of Qaiwan Group.
Total to expand Daesan refinery in South Korea
French oil giant Total has announced that the its joint venture with South Korea's Hanwha, Hanwha Total Petrochemical, will invest US$450 million to expand its Daesan refining & petrochemicals integrated platform.