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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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The new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products. A new 230,000 b/d refinery is set to come online in Duqm, Oman, likely in early 2023.

Asia 418
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GlobalData: Asia to spearhead global refinery FCCU capacity additions between 2022 and 2026

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Fluid catalytic cracking, a type of secondary unit operation in a refinery, is primarily used in producing additional gasoline in the refining process. Nigeria will account for a majority of the capacity additions in the region, with 234 mbd of capacity expected to be added by 2026 from three new-build projects in the country.

Asia 195
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MHTL to partner with G2X, negotiate methanol offtake agreement from G2X methanol-to-gasoline plant

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and Methanol Holdings Trinidad Limited (MHTL) announced that MHTL intends to partner with G2X Energy to construct the world-scale methanol-to-gasoline (MTG)-ready, methanol production facility being developed by G2X Energy in Lake Charles, Louisiana. G2X Energy, Inc. Earlier post.). The Big Lake Fuels LLC facility will produce 1.4

Trinidad 210
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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A new 230,000 b/d refinery operated by a joint venture between state-owned-firms OQ (of Oman) and Kuwait Petroleum International is set to come online in Duqm, Oman, likely in early 2023. A new 140,000 b/d refinery is scheduled to come online in Karbala, Iraq, this September, targeting to be fully operational by 2023.

Global 448
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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

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In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. The authors said energy subsidies have long outlived their usefulness.

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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt. With Sport mode engaged, the gasoline engine drives the generator to provide enough electricity for 403 total system horsepower, allowing the Karma to accelerate from zero to 60 mph in 5.9

Fisker 277