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REFINERY NEWS ROUNDUP: Gasoline demand rising in Middle East | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Gasoline demand rising in Middle East Fujairah’s 95 RON gasoline market could rise to pre-pandemic levels in the coming months on increased demand and limited supply, according to regional traders. Gasoline availability has been tight as supply has not been matching demand. “There are minor refinery shutdowns and demand is picking up as summer comes,” a trader said. “People drive more as there are no lockdowns in the region.” According to S&P Global Platts data, Oman’s Sohar refinery was undergoing unscheduled maintenance after unexpected outages affected its gasoline output. Separately, Saudi Arabia’s Jazan refinery is ramping up, with a total 8.72 million barrels of crude discharged in March, according to commodity data company Kpler. The Jazan refinery is facing regular missile attacks launched from just across the border with Yemen, though sources say it remains unclear when the much-delayed facility will enter full commercial operation. T

REFINERY NEWS ROUNDUP: Gasoline demand rising in Middle East

New and revised entries Saudi Satorp refinery is gradually coming back after partial works, according to trading sources. The scheduled partial works have been ongoing since the second half of February. Syria s Banias refinery has resumed operations after receiving fresh supply of crude oil, the country s SANA news agency reported April 10 citing the refinery s director general. The refinery has returned to work following a one-month shutdown because of the lack of crude oil. Separately, a fire occurred on April 6 at the crude distillation unit 21 at Syria s Homs refinery though it was immediately put out. Homs completed maintenance work on the atmospheric distillation unit 21 in mid-January, S&P Global Platts has reported previously. The refinery also completed maintenance of the atmospheric distillation units 10 and 22 in early December. Currently the refinery is undergoing staggered maintenance, which will next involve the delayed coker unit 11 and a coal unit.

Saeed Mohammad: The young face of the IRGC weighing his political options

Saeed Mohammad: The young face of the IRGC weighing his political options As Iran is approaching its thirteenth presidential elections in June, there are widespread speculations on who will run in the upcoming elections. Meanwhile, the failure of the Hassan Rouhani administration’s promise to deliver economic relief from US economic sanctions has increased the possibility that a hardliner candidate close to the security apparatus will become Iran’s next president. Among those rumored to be running in the elections is Saeed Mohammad, a 52-year-old Second Class Brigadier General of the Islamic Revolutionary Guard Corps (IRGC), who is currently serving as the commander of the US-sanctioned Khatam Al-Anbiya Construction Headquarters (KAA), the engineering firm of the Guards.

Refinery News Roundup: New Refineries To Increase Middle East Product Sales | Hellenic Shipping News Worldwide

Refinery News Roundup: New Refineries To Increase Middle East Product Sales Middle East oil product sales could reach 8 million-9 million b/d by 2023 as new refineries open up in the UAE, Saudi Arabia, Iraq and Oman, Glander International Bunkering senior sourcer Sean Burgin said. “This additional volume could boost business in Fujairah, complementing bunker demand plus storage and trade activities,” Burgin told the Petrospot Middle East Bunkering Convention held online Jan. 26. Refining capacity in the Middle East is continuing to grow at pace, with a number of new, export-oriented plants and capacity upgrades due to come onstream in the coming years. S&P Global Platts Analytics expects total refining capacity in the Middle East to rise to average 12 million b/d in 2023, up from 9.9 million b/d in 2019.

REFINERY NEWS ROUNDUP\: Fujairah to get fourth refinery in 2021 | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP\: Fujairah to get fourth refinery in 2021 | Hellenic Shipping News Worldwide
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