Iraq lifts oil output at Eni’s Zubair field

Iraq lifts oil output at Eni’s Zubair field
Zubair’s production capacity will rise gradually to 625,000 bpd by the end of the year, as three additional processing facilities are added. (Reuters)
Updated 09 May 2018

Iraq lifts oil output at Eni’s Zubair field

Iraq lifts oil output at Eni’s Zubair field
  • Production rose after the completion of a new oil processing facility.
  • Country is also seeking to lift its refining capacity to become self-sufficient in oil products.

ZUBAIR: Iraq has lifted oil production at Eni’s Zubair field in the south by 50,000 barrels per day (bpd) to 475,000 bpd, an Iraqi oil official said on Wednesday.
Production rose after the completion of a new oil processing facility, Muhaned Abbas Kojer, the capacity expansion project director, told Reuters on the sidelines of a ceremony to launch the new installations in Al-Zubair, south of Basra.
Zubair’s production capacity will rise gradually to 625,000 bpd by the end of the year, as three additional processing facilities are added, and further expansions will take its capacity to its 850,000 bpd target by 2020, Abbas said.
The field should produce 140 million cubic feet per day of gas by the end of the year, he added.
Iraq, the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia, has an oil production capacity of nearly 5 million bpd.
Crude output is kept at about 4.45 million bpd, in line with a deal between OPEC and some other non-OPEC producers to curb production in order to bolster crude prices.
The country is also seeking to lift its refining capacity to become self-sufficient in oil products.
The oil ministry has asked investors for bids by June 14 to build a 100,000 bpd refinery in Kut, south of Baghdad.
Iraq’s refining capacity was curbed when Daesh overran its largest oil processing plant in Baiji, north of Baghdad, in 2014.
Iraqi forces recaptured Baiji in 2015 but it sustained heavy damage in the fighting. The country now relies on the Doura refinery in Baghdad and the Shuaiba plant in the Basra region.


SABIC to begin construction of plastic recycling facility in the Netherlands

SABIC to begin construction of plastic recycling facility in the Netherlands
Updated 23 January 2021

SABIC to begin construction of plastic recycling facility in the Netherlands

SABIC to begin construction of plastic recycling facility in the Netherlands
  • The construction phase for the unit is expected to become operational in the second half of 2022
  • The project will be realized under a 50:50 joint venture

Saudi Basic Industries Corp. (SABIC) and Plastic Energy Ltd. announced plans to commence construction on the first commercial unit to produce its flagship certified circular polymers.

The construction phase for the unit, which will be located in the Netherlands, is expected to become operational in the second half of 2022.

The project will be realized under a 50:50 joint venture. It will be implemented with a top sector energy subsidy from the Ministry of Economic Affairs in the Netherlands.

The new unit will enable SABIC to significantly upscale the production of certified circular polymers to provide customers with greater access to sustainable materials which have been recycled, repurposed and produced in a way that can help protect our planet’s natural resources, while acting as a drop-in solution.