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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

Green Car Congress

A new 140,000 b/d refinery is scheduled to come online in Karbala, Iraq, this September, targeting fully operational status by 2023. More recently, the 615,000 b/d Al Zour refinery in Kuwait—the largest in the country when it becomes fully operational—began initial operations earlier this year.

Asia 418
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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A new 140,000 b/d refinery is scheduled to come online in Karbala, Iraq, this September, targeting to be fully operational by 2023. 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.

Global 448
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What's Oil Got to Do With It?

Plugs and Cars

A 2nd Times piece, " Billions in Oil Missing in Iraq, U.S. The report reinforces suspicion that corruption in the oil sector is likely financing some of the insurgency. Of course, a resurgent oil industry, we were told, would finance the reconstruction of the energy sector and Iraq as a whole. billion of the $7.4

Oil 100
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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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for example, has ended fuel subsidies, thereby essentially, increasing its budget revenues, while Saudi Arabia recently floated a $4-billion domestic bond offering to help finance its budget. They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq).

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Day Of Reckoning For US Shale Will Have To Wait

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Maintaining access to finance can come at a price. Bond markets have essentially been ruled out as a new source of finance for high-yield producers. Iraq has steadily increased output this year despite low oil prices and security issues related to ISIS. It is not a total win for the companies that are trying to hang on.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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Maintaining access to finance can come at a price. Bond markets have essentially been ruled out as a new source of finance for high-yield producers. Iraq has steadily increased output this year despite low oil prices and security issues related to ISIS. It is not a total win for the companies that are trying to hang on.

Oil 150
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. Key challenges for Russia are to finance a new generation of higher-cost oil and gas fields and to improve its energy efficiency. Biofuels supply triples to the equivalent of more than 4 mb/d, bolstered by $1.4

Oil 247