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plant in Fahud. Total costs for the complex, - 350 Mbpd, of a pipeline that supplies the refinery
extraction plant, infrastructure and other facilities with light crude from Saudi Arabia. The refinery
could top $ 5 B. Plastics production will increase imports approximately 85% of its crude oil from
from 200 Mtpy to 1.4 MMtpy from 2013-2018, Saudi Arabia and is connected by a 54 km pipeline
while fuels production will grow from 7.3 MMtpy to for pumping the feedstock. Bapco sells 8% of the
11.3 MMtpy from 2013-2018 [4]. The project will refinery production to the domestic market and
be constructed in tandem with the Sohar refinery exports the remaining 92% to India, the ME, the
expansion and upgrade project. Far East and to Africa.
Global engineering firms are eyeing the mega- National Oil & Gas Authority (Noga) is planning
refinery scheme at the Duqm Refinery and to install an LNG floating storage unit (FSU) that
Petrochemical Integrated Complex on Oman’s Al- will have an initial capacity of 400 MMcfd and
Wusta coast. Duqm Refinery and Petrochemical be expandable to 800 MMcfd. The project will
Industries Co. LLC (Drpic), an equal JV of Oman Oil consist of a floating storage unit connected to a
Co. (Ooc) and International Petroleum Investment regasification unit on an island jetty. The $ 600 MM
Co. (Ipic), respectively the energy investment arms terminal will combat the trend of domestic demand
of the Sultanate of Oman and the UAE Emirate of outpacing supplies.
Abu Dhabi, is jointly developing the refinery project
with an investment of approximately $ 6 B. Plans Looking forward
for an associated petrochemical complex in the
second phase could add a further $ 9 B to the The ME is witnessing a unique combination of
total project cost. One of the project’s main goals consistently high local demand growth, secure
is to facilitate the export and import of hydrocarbon feedstock supplies, dominant NOC investors and a
products in a region still underdeveloped compared shift from crude oil to refined product exports. These
with the north of the country. The project also holds trends suggest that the ME will remain detached
strategic importance, as imports and exports will from the economic woes overshadowing the
not have to travel through the Strait of Hormuz. international refining business for the foreseeable
future.
Turkey
Reprinted from Hydrocarbon Processing, May
The planned Socar Turkey Aegean Refinery (Star) 2015
will be integrated at the Petkim petrochemicals Article copyright © 2015 by Gulf Publishing
site on the Aegean coast. It will process medium- Company. All rights reserved
sour crudes (Azeri light, Kerkuk and Urals oil)
into low-S transportation fuels, meeting Euro References
5 specs. The products will be mainly sold to the
domestic market and will provide feedstock for the [1] Organization of the Petroleum Exporting
Petkim Petrochemical complex, part of Socar’s Countries: Monthly Oil Market Report - March
downstream activities and its most important 2015
production unit outside Azerbaijan. The $ 5 B
project, which is expected to be commissioned [2] Nichols L., Romanow S.: Hydrocarbon
in 2018, is a JV between Azerbaijan state oil firm Processing’s HPI Market Data 2015, Global
Socar and Turkey Enerji AS. Construction and Investment and Refining
Bahrain [3] US EIA: Saudi Arabia Analysis Brief - September
10, 2014
The $ 5-B expansion of Bahrain Petroleum Co.’s
(Bapco’s) Sitra refinery will increase processing [4] Hydrocarbon Processing’s Construction
capacity by 35% to 360 Mbpd [4]. The project Boxscore Database - April 2015
includes a $ 360 MM expansion, from 120 Mbpd
[5] US EIA: Kuwait Analysis Brief - October 24,
2014
32 Impiantistica Italiana - Luglio-Agosto 2015
