April 2007

Trends and Resources

HP Impact: HPImpact: Middle East: strong growth in distillate exports

 The Middle East remains a global center of oil industry activity from the upstream to downstream. Exploration and development activities have received a major boost from the past few years of hi..

Weirauch, Wendy, Hydrocarbon Processing Staff

 The Middle East remains a global center of oil industry activity from the upstream to downstream. Exploration and development activities have received a major boost from the past few years of high prices. Three million barrels/day (MMbpd) of new crude and condensate production are expected between 2005 and 2010, according to a new outlook from FACTS Global Energy. (www.fgenergy.com). Domestic oil demand has continued to grow rapidly. Consumption for 2006 was about 5.2 MMbpd and is forecast to rise to 6.7 MMbpd in 2010, reaching 7.1 MMbpd in 2012. "Demand for LPG and naphtha are growing with particular strength," says this report. Also at the light end of the barrel, gasoline demand

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