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REFINERY NEWS ROUNDUP: Oil products stocks fall on high Middle East demand
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Several car manufacturers are rethinking their commitments to electric vehicle technology as sales Oversupply remains a key driver of price in the European cobalt metal market, with a continued Oil product stockpiles at the UAE's Port of Fujairah have dropped to a six-week low as air conditioning demand in the sweltering Middle East reduced supplies of fuel oils for power generation. Total inventories stood at Temperatures are rising throughout the Middle East, leading to increased demand of fuels for power generation to run cranked-up air conditioners. Meanwhile, gasoil supply in the Middle East is unlikely to increase over the coming months as demand uncertainties linger over further lockdowns in Asia and Europe, trading sources close to refineries said this week. One trading source said that gasoil demand in the Middle East remains 'sideways', supported mainly by buyers such as South Africa, Kenya and Tanzania. Refineries are not raising production due to weak margins and demand uncertainty in the coming months, another source said. Traders reported about technical issues at the beginning of June. The company declined to comment. Earlier in June the refinery briefly halted production following an explosion and fire at two gasoil tanks. The works, involving CDUs, had been originally planned for The works would involve a staggered shutdown of various units, including an FCC. The gasoline platformer unit at the refinery has been offline for economic reasons over the past few months. The move will helps Iran with supply of the sanctioned material of needle petroleum coke. Sulfur content of the calcined needle coke will be up to 0. As a result of the upgrade, the refinery will produce Euro 4 and 5 gasoline and diesel. Both refineries are building coke units. The project is scheduled to be completed in The new plant includes all the processing units. The modernization of Abadan will provide high-quality, Euro-standardized diesel. The Phase 2 upgrade started in February Phase 2 includes building atmospheric and vacuum units, as well as gasoline, diesel and kerosene distillation units, a sulfur unit and a catalytic cracking unit. The No hydrocracking unit was the last of the 70 units under the upgrade project to be completed, 'paving the way for full operation of the project,' according to a media report. Work at the Mina al-Ahmadi refinery was completed in Ecomar's refinery will add an additional crude distillation unit, bringing it to 2 CDUs. This project is due to go on stream by March Several units have been foreseen in this project including solvent de-asphalting, DAO purification, delayed coker, calcined coker, as well as downstream units such as for purification of naphtha and gasoil. Other units will produce and purify propylene, LPG, tar, hydrogen. The expansion, which started in , was due to be completed in three years but was slowed down due to sanctions. The first phase of the expansion and upgrade will involve upgrading the gasoline quality, with the second phase involving a diesel upgrade. No target date for the start or completion of the work was given. The project, whose original timescale was four years, had been slated for completion in , but that plan has changed. Work on the clean fuels project at Ras Tanura started in The refinery is expected to be built with integrated production units such as a fluid catalytic cracking unit and a catalytic reforming unit, and will be able to produce refined oil products that meet Euro 5 grade specifications, as per the statement. The contract is for the duration of six years. KIPIC is responsible for operating and managing the grassroot complex. The new Al-Zour refinery in Kuwait started test runs in late It is expected to put more units in operation around Q4 and start producing a full range of products by the end of the year. The petrochemicals complex at Al-Zour was due for completion in , with start-up expected in The refinery will include 35 units and 44 storage tanks. Besides these projects, the oil ministry is seeking to encourage investors to finance 'investment refineries,' in several locations, including Zubair and Fao in the south. A petrochemical facility could be integrated into the refinery at a later stage. The refinery has been under construction since , and is expected to start up in The company is targeting the end of for the refinery to process its first batch of products. The plant will use technology that reduces sulfur emissions. Aramco has yet to formally announce its commissioning. It had previously been expected to be commissioned at the end of and be ready for full operations in the second half of It was expected to start primary distillation units around February-March and proceed with secondary units later. Please use the button below and we will bring you back here when complete. Automakers reconsidering EV strategies amid weaker sales, additional headwinds: Morningstar Several car manufacturers are rethinking their commitments to electric vehicle technology as sales Latest Release Notes. Data and Distribution. Latest in Market Insights. Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. Subscribe Now. Not registered? Register Now. Mina al-Ahmadi. Bandar Abbas. Petro Rabigh. Mina Abdullah. PGulf Star. Jebel Ali. Duqm CBH. Condens ref. Dhi Qar. To continue reading you must login or register with us. 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Buying coke Tabriz
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Buying coke Tabriz
REFINERY NEWS ROUNDUP: Oil products stocks fall on high Middle East demand
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Buying coke Tabriz
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