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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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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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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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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: 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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Opinion: Is Russia Plotting To Bring Down OPEC?

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They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. Live by Energy….

Russia 150