Refining industry outlook in middle east

On the other hand, the Canadian sand oil have witnessed increased output of the heavy oil, which is finding its way to the U.

2018 Oil and Gas Industry Outlook

The potential factors affecting naphtha production and consumption in Middle East are crude oil production, prices and demand in refineries, petrochemicals and chemical industry followed by diversified product portfolio.

The report is useful for naphtha producing companies, marketing companies, petrochemicals and other concerned chemical companies followed by new countries and players venturing in the market. Refineries Shifting Toward Heavy Crude Oil Over The Past Few Years Global production of oil is gradually moving towards heavier, sourer crudes because the easily available deposits of light, sweet crude are being tapped out, has forced refineries to evolve and switch towards refining the heavy crude oils.

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Gasoline prices fluctuate in line with crude oil prices, and complex refineries that can switch to lower priced crude feedstock will witness better profit margins.

The increased volume of petroleum products produced is called processing gain. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. Gulf Coast for refining, the finished refined products are then exported to respective destination.

The governments of Middle East countries have initiated to expand refining distillation capacities to consecutively increase naphtha production. Crude oils can be differentiated upon their API gravity density and sulfur content.

Oil Industry 2018

Low API gravity lighter crude oil produces a higher proportion of profitable products such as diesel, gasoline and jet fuel, which can be refined with simple distillation. Can you help me?

Nigeria to lead refining growth in Mideast, Africa by 2022

The additional inputs include Natural Gas Liquids NGLlease condensates, and crude oil products that are partially refined. Naphtha consumption has steadily grown at a CAGR of 9. To resolve this, some of the pipelines like the Seaway pipeline are being reversed to carry the heavy oil from the North to the Gulf Coast.

However, the problem being faced is due to the lack of infrastructure, as the heavy crude oil is being sent to the oil hub at Cushing, Oklahoma from the Canadian sand oil, it is not being transported to the refineries on the Gulf Coast due to a last of infrastructure pipelines.

This is the latest report that offers comprehensive information on the global refining market. All payments must normally be submitted within 30 days.

Nigeria to propel refining capacity growth in the Middle East & Africa

However, you can let us know if you need extended time. Complex refineries have flexibility in the choice of crude oil utilized as feedstock and can benefit from the use of lower priced crude feedstock heavy crude oilwhich normally sells at a discount to light crude oil.

The region is in view of diversifying its product portfolio which is feasible with increased utilization of naphtha. The naphtha production over the years had witnessed tremendous growth at a CAGR of 7.

We buy reports often - can ReportLinker get me any benefits?The Middle East is expected to be the fastest growing region in terms of refining capacity in the coming years.

Check out the following video to know what Ekaterina Kalinenko, project director, Euro Petroleum Consultants, has to say about the future of the downstream industry in the Middle East.

The Middle East is poised to see a significant change in market conditions in With crude emerging at a three year high, market players in the region look forward to a recovery in demand conditions, boosted by an optimistic economic outlook. Although a few markets are likely to see an.

Sep 26,  · Moody's: Outlook for refining and marketing industry in North America, EMEA remains negative as demand continues to lag supply 26 Sep New York, September 26, -- Moody's outlook for the refining and marketing industry in both North America and Europe, the Middle East and Africa (EMEA) remains.

We provide opportunities to network including conferences, exhibitions, networking evenings and industry reports for the refining industry. “Capacity and Capital Expenditure Outlook for Refineries in the Middle East - Saudi Arabia and Iraq to Drive Refinery Capacity Growth” is the essential source for industry data and information.

An Overview Of The Refining Industry

The other global area to see refining growth is the Middle East, or more specifically the gulf states. In January, Saudi Aramco completed an agreement with China's Sinopec Group to build a ,

Refining industry outlook in middle east
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