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[size=35][size=35]The UAE imports “rare” oil shipments from Iraq and Saudi Arabia.. What is the reason?[/size]
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2024-06-13 | 02:43
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Data published by the Washington-based Energy Research Unit showed that the [You must be registered and logged in to see this link.] imported two shipments of Iraqi crude with an amount of one million barrels each during the months of April and May 2024, in addition to a Saudi shipment of direct fuel oil.
This is the first time that the [You must be registered and logged in to see this link.] has imported Iraqi crude oil in at least two years. Regular monthly data did not show any seaborne crude imports from January 2022 until March 2024, according to the Energy Research Unit.
Iraqi oil to the [You must be registered and logged in to see this link.]
Total shipments of Iraqi oil to the [You must be registered and logged in to see this link.] during the month of May amounted to approximately 32.2 thousand barrels per day of crude, while in April it reached approximately 33.33 thousand barrels per day, according to data published by the Energy Research Unit.
The two shipments came from [You must be registered and logged in to see this link.] crude. Heavy transport through the Iraqi [You must be registered and logged in to see this link.] terminal to [You must be registered and logged in to see this link.] via the tanker Spyros, according to [You must be registered and logged in to see this link.] agency data.
The [You must be registered and logged in to see this link.] imported crude oil and condensates from several other countries during the month of May, most notably Sudan, [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.], according to data from Kpler, which specializes in tracking the movement of ships around the world.
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The total shipments of Sudanese oil exported to the [You must be registered and logged in to see this link.] by sea during the past month amounted to approximately 44 thousand barrels per day, while from [You must be registered and logged in to see this link.] they amounted to approximately 23.4 thousand barrels per day.
On the other hand, the quantities of crude oil coming from [You must be registered and logged in to see this link.] by sea amounted to approximately 19.73 thousand barrels per day during last May, according to detailed data published by the Energy Research Unit.
A Saudi shipment arrived in [You must be registered and logged in to see this link.].
The [You must be registered and logged in to see this link.] imports crude oil and condensates from countries other than these, most notably Cameroon, Argentina, and Australia. It also imports crude oil from the Kingdom of [url=https://www.alsumaria.tv/entity/47950/%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Saudi Arabia[/url] from time to time in small quantities.
The country's total imports of crude oil (from all countries) amounted to approximately 95.98 thousand barrels per day during the month of May, a decrease of 8% compared to the same month in 2023, according to the Energy Research Unit.
Data show that [You must be registered and logged in to see this link.] has already imported 15.6 thousand barrels per day on average of Saudi oil during the first two months of the current year (2024).
In detail, the total shipments of Saudi crude oil to the [You must be registered and logged in to see this link.] during last January amounted to approximately 10.5 thousand barrels per day, and then the number doubled during the following month (February) to reach 20.7 thousand barrels per day.
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Kpler data did not show any Saudi crude imports transported by sea to the Emirates during the following months until May 2024, but the American [You must be registered and logged in to see this link.] Agency says that a Saudi shipment was actually transported to [You must be registered and logged in to see this link.] last month on the back of the tanker “Spirus”, which was used to transport Iraqi oil from Iraqi [You must be registered and logged in to see this link.] station during the same month.
[You must be registered and logged in to see this link.] did not mention the quantity of the shipment, only pointing out that it was a rare shipment of direct fuel oil, which is an intermediate material used to improve treatment processes within the refining system with the aim of increasing productivity of light materials.
The Energy Research Unit believes that this shipment is among the exports of Saudi petroleum products that arrive in the [You must be registered and logged in to see this link.] on a regular monthly basis, especially since direct fuel oil is an intermediate material.
Kpler data indicate that the [You must be registered and logged in to see this link.] has already imported 135.9 thousand barrels per day of Saudi oil products during the month of last May, and 127.8 thousand barrels per day during the previous month of April.
The same data also shows that [You must be registered and logged in to see this link.] imported 360.7 thousand barrels per day of Iraqi oil products during last May, and 279.2 thousand barrels per day during the previous month.
Heavy oil processing plan The
recent [You must be registered and logged in to see this link.] purchases of [You must be registered and logged in to see this link.] Heavy crude come within the framework of a plan aimed at processing heavy and cheaper oil crudes produced by neighboring countries with the aim of reselling them in the markets and benefiting from the price difference.
The [url=https://www.alsumaria.tv/entity/137061/%D8%B4%D8%B1%D9%83%D8%A9 %D8%A8%D8%AA%D8%B1%D9%88%D9%84 %D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A %D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9/ar/]Abu Dhabi National Oil Company[/url], ADNOC, recently completed the modernization of the Ruwais refinery (capacity 837 thousand barrels per day) for this purpose, as the refinery has become capable of processing a wide range of high-value oil crudes of various grades and densities.
The [You must be registered and logged in to see this link.]'s plan to process heavy oil types and benefit from their price differences seems closer to the experience of the United States, which designed its refineries a long time ago to deal with the cheaper heavy grades coming from neighboring countries such as Canada, Venezuela, and others, while exporting its light sweet crude at an additional premium to the markets instead of consuming it locally.
[You must be registered and logged in to see this link.] is not alone in thinking about preparing its refineries to process heavy oils. The Omani Duqm Refinery plans to start this type of refining before the end of 2024, according to the Energy Research Unit.
[You must be registered and logged in to see this link.]
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Economy
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2024-06-13 | 02:43
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2,222 views
[ltr]
0 seconds of 0 seconds Volume 0%
[/ltr]
Data published by the Washington-based Energy Research Unit showed that the [You must be registered and logged in to see this link.] imported two shipments of Iraqi crude with an amount of one million barrels each during the months of April and May 2024, in addition to a Saudi shipment of direct fuel oil.
This is the first time that the [You must be registered and logged in to see this link.] has imported Iraqi crude oil in at least two years. Regular monthly data did not show any seaborne crude imports from January 2022 until March 2024, according to the Energy Research Unit.
Iraqi oil to the [You must be registered and logged in to see this link.]
Total shipments of Iraqi oil to the [You must be registered and logged in to see this link.] during the month of May amounted to approximately 32.2 thousand barrels per day of crude, while in April it reached approximately 33.33 thousand barrels per day, according to data published by the Energy Research Unit.
The two shipments came from [You must be registered and logged in to see this link.] crude. Heavy transport through the Iraqi [You must be registered and logged in to see this link.] terminal to [You must be registered and logged in to see this link.] via the tanker Spyros, according to [You must be registered and logged in to see this link.] agency data.
The [You must be registered and logged in to see this link.] imported crude oil and condensates from several other countries during the month of May, most notably Sudan, [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.], according to data from Kpler, which specializes in tracking the movement of ships around the world.
[You must be registered and logged in to see this image.]
The total shipments of Sudanese oil exported to the [You must be registered and logged in to see this link.] by sea during the past month amounted to approximately 44 thousand barrels per day, while from [You must be registered and logged in to see this link.] they amounted to approximately 23.4 thousand barrels per day.
On the other hand, the quantities of crude oil coming from [You must be registered and logged in to see this link.] by sea amounted to approximately 19.73 thousand barrels per day during last May, according to detailed data published by the Energy Research Unit.
A Saudi shipment arrived in [You must be registered and logged in to see this link.].
The [You must be registered and logged in to see this link.] imports crude oil and condensates from countries other than these, most notably Cameroon, Argentina, and Australia. It also imports crude oil from the Kingdom of [url=https://www.alsumaria.tv/entity/47950/%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Saudi Arabia[/url] from time to time in small quantities.
The country's total imports of crude oil (from all countries) amounted to approximately 95.98 thousand barrels per day during the month of May, a decrease of 8% compared to the same month in 2023, according to the Energy Research Unit.
Data show that [You must be registered and logged in to see this link.] has already imported 15.6 thousand barrels per day on average of Saudi oil during the first two months of the current year (2024).
In detail, the total shipments of Saudi crude oil to the [You must be registered and logged in to see this link.] during last January amounted to approximately 10.5 thousand barrels per day, and then the number doubled during the following month (February) to reach 20.7 thousand barrels per day.
[You must be registered and logged in to see this image.]
Kpler data did not show any Saudi crude imports transported by sea to the Emirates during the following months until May 2024, but the American [You must be registered and logged in to see this link.] Agency says that a Saudi shipment was actually transported to [You must be registered and logged in to see this link.] last month on the back of the tanker “Spirus”, which was used to transport Iraqi oil from Iraqi [You must be registered and logged in to see this link.] station during the same month.
[You must be registered and logged in to see this link.] did not mention the quantity of the shipment, only pointing out that it was a rare shipment of direct fuel oil, which is an intermediate material used to improve treatment processes within the refining system with the aim of increasing productivity of light materials.
The Energy Research Unit believes that this shipment is among the exports of Saudi petroleum products that arrive in the [You must be registered and logged in to see this link.] on a regular monthly basis, especially since direct fuel oil is an intermediate material.
Kpler data indicate that the [You must be registered and logged in to see this link.] has already imported 135.9 thousand barrels per day of Saudi oil products during the month of last May, and 127.8 thousand barrels per day during the previous month of April.
The same data also shows that [You must be registered and logged in to see this link.] imported 360.7 thousand barrels per day of Iraqi oil products during last May, and 279.2 thousand barrels per day during the previous month.
Heavy oil processing plan The
recent [You must be registered and logged in to see this link.] purchases of [You must be registered and logged in to see this link.] Heavy crude come within the framework of a plan aimed at processing heavy and cheaper oil crudes produced by neighboring countries with the aim of reselling them in the markets and benefiting from the price difference.
The [url=https://www.alsumaria.tv/entity/137061/%D8%B4%D8%B1%D9%83%D8%A9 %D8%A8%D8%AA%D8%B1%D9%88%D9%84 %D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A %D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9/ar/]Abu Dhabi National Oil Company[/url], ADNOC, recently completed the modernization of the Ruwais refinery (capacity 837 thousand barrels per day) for this purpose, as the refinery has become capable of processing a wide range of high-value oil crudes of various grades and densities.
The [You must be registered and logged in to see this link.]'s plan to process heavy oil types and benefit from their price differences seems closer to the experience of the United States, which designed its refineries a long time ago to deal with the cheaper heavy grades coming from neighboring countries such as Canada, Venezuela, and others, while exporting its light sweet crude at an additional premium to the markets instead of consuming it locally.
[You must be registered and logged in to see this link.] is not alone in thinking about preparing its refineries to process heavy oils. The Omani Duqm Refinery plans to start this type of refining before the end of 2024, according to the Energy Research Unit.
[You must be registered and logged in to see this link.]
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