In the past two decades, #SaudiArabia's gas sector has undergone remarkable growth, and this upward trend is expected to continue in the coming years. Over the next decade, the kingdom is on track to experience a substantial increase in gas processing capacity, with a projected addition of more than 7.5 bscf/d. This expansion is primarily propelled by the construction of new gas plants, including #Hawiyah, #Khursaniyah, #Tanajib, and #Jafurah. These developments strongly support a significant boost in Saudi oil exports in the years ahead as: - The increased gas processing capacity will yield a significant rise in the production of gas liquids (NGLs and condensates), as byproducts, to the tune of some 1 mmb/d, and - Transitioning to gas-based energy sources will enable Saudi Arabia to release a substantial volume of liquids into the domestic market, specifically the #power sector. To delve deeper into the dynamics of #NGLs and #condensate supply in Saudi Arabia in the years ahead, explore our latest Middle East Alert (accessible* at: https://bit.ly/47ctWPj). * NOTE: Only #FGE clients who subscribe to the #MiddleEastOil service can access the full report on the client portal.
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تتابع الأسواق العالمية بترقب حذر ردود الفعل الإسرائيلية على الضربة الإيرانية الأخيرة، ما أدى إلى تسجيل أسعار النفط مكاسب أسبوعية ملحوظة. حيث يتداول خام برنت قرب 79 دولارا للبرميل، ويشير د. إيمان ناصري، المدير التنفيذي لـ FGE Energy، إلى أن التوترات الجيوسياسية المستمرة في المنطقة تعزز من تذبذب أسعار النفط وعدم استقرار الأسواق Global markets are cautiously watching Israel’s response to the latest Iranian strike, sending oil prices into a notable weekly gain. Brent crude is trading near $79 a barrel, and Dr. Iman Nasseri, Managing Director, Middle East, FGE points out that ongoing geopolitical tensions in the region are adding to oil price volatility and market instability You can watch the full interview here https://asharq.co/pjqez Asharq الشرق #oil #Iran #OilPrice #CrudeOil#
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Clients and friends in the #UAE/#MiddleEast, let's meet up on the sideline of the #ICE event, where #FGE president and other great panelists come together to share market outlook and insights with us.
Join Dr Jeff Brown, President FGE, at the upcoming ‘Global Oil Landscape: Outlook & Insights’ ICE event, hosted with DMCC, in Dubai on October 23, 2024. Dr Jeff Brown will be presenting alongside Wittner, Global Head of Oil Market Research, ICE, Gary King, President, ICE Futures Abu Dhabi, Paul Bhatt, Senior Director, Trading Solutions, EMEA & APAC, ICE, and Amena Bakr, Senior Research Analyst Middle East, Energy Intelligence. Key topics to be covered include: · Global crude & refined products - Key price drivers (Brent, Midland, Murban, Dubai, Gasoil) · Oil Markets in 2025/26: The Good, The Bad, The Wild Cards · The outlook for OPEC+ policy · Wet freight - Oil tanker dynamics in the Arab Gulf and beyond · Using technology to gain insights into oil markets You can register for this event online at https://lnkd.in/dMhkP3g4 #oil #OOTT #dubai #events
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In light of numerous client inquiries and the prevalence of misinformation circulating in the media—often utilizing inaccurate or outdated data—we have compiled this concise overview of key aspects of Iran's energy sector. This is intended to assist clients in their analysis of the potential impact of an Israeli attack on Iran's energy infrastructure. To learn more request a trial here: https://lnkd.in/dGfc2nYg
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#Iran’s #refining sector is one of the largest in the Middle East, with a combined operational capacity of more than 2.5 mmb/d. This has risen by about 400 kb/d over the past four years, partly to help meet domestic requirements for transportation fuels such as gasoline and diesel, but also in response to US sanctions. "That has all happened to convert as much crude and condensate into product as possible because they can sell every barrel of surplus product easily in the market," says Iman Nasseri, Middle East managing director of consultancy FGE. ... Iranian officials have said the Persian Gulf Star (PGS) refinery meets around 40% of the country’s gasoline needs, producing an average of 40 million liters per day of the fuel. A new 120 kb/d train is planned at the plant, which Nasseri says could be added next year. ... Iran is now importing #gasoline to the tune of 30,000-50,000 b/d, and that could rise, according to FGE's Nasseri, who notes that the oil product is cheaper than bottled water in Iran.
Iran’s refining sector is one of the largest in the Middle East, with a combined operational capacity of more than 2.5 million barrels per day. This has risen by about 400,000 b/d over the past four years, partly to help meet domestic requirements for transportation fuels such as gasoline and diesel, but also in response to US sanctions. "That has all happened to convert as much crude and condensate into product as possible because they can sell every barrel of surplus product easily in the market," says Dr Iman Nasseri, Managing Director, Middle East, FGE. The full article can be accessed here...https://fgner.gy/3YcAqfu #Iran #MiddleEast #refining #OOTT #oil
Iran’s Refineries Could Be Caught in the Crossfire
energyintel.com
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Iran’s refining sector is one of the largest in the Middle East, with a combined operational capacity of more than 2.5 million barrels per day. This has risen by about 400,000 b/d over the past four years, partly to help meet domestic requirements for transportation fuels such as gasoline and diesel, but also in response to US sanctions. "That has all happened to convert as much crude and condensate into product as possible because they can sell every barrel of surplus product easily in the market," says Dr Iman Nasseri, Managing Director, Middle East, FGE. The full article can be accessed here...https://fgner.gy/3TUyp4Y #Iran #MiddleEast #refining #OOTT #oil
Iran’s Refineries Could Be Caught in the Crossfire
energyintel.com
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Please let us know if you are coming to Fujairah over the next 2 days to fix a meeting with the FGE team who are attending the Forum. #EMFWEEK24 #EnergyMarkets #Fujairah Gulf Intelligence
Our Managing Director of Middle East Dr Iman Nasseri will be speaking at the Industry Roundtable during the 12th Energy Markets Forum on 2nd October in Fujairah. Click here for more info and to register: https://fgner.gy/3zEJy31 #EMFWEEK24 #EnergyMarkets #Fujairah Gulf Intelligence
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