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In Q1 2019 crude oil production at the asset amounted to 17.4 mmt (1.43 mmbpd), up by 1.3% from Q1 2018 level.
Consequently, the industry needs to add 2.8 MMbpd of new supply just to replace this lost production.
"If permitted and built on schedule, they would add another 1 MMbpd of capacity into [the Gulf port] by the end of 2019."
After the completion of the CFP and NRP projects, total domestic refining capacity will increase to 1.4 million barrels per day (Mmbpd).Kuwait consumes only a small portion of its total crude production.
(MMBPD) of the UAE's total crude oil export or more than half of the present output.
The 48-inch-diametre pipeline has been designed to transport some 1.5 MMBPD of crude oil from ADCO facilities at Habshan over a distance of 370 km to an oil terminal in Fujairah for export through offshore loading facilities.
Consumption of oil products in Asia is projected to grow by 2.8% per year between 2007 and 2012, or 4.24 million barrels per day (MMbpd).
In H1 2019 liquids production amounted to 4.68 mmbpd (114.3 mmt for the half-year), exceeding H2 2018 production level by 2.1%.
Currently, it owns six oil refineries in Indonesia with a combined production capacity of 1.1 million barrels of oil per day (mmbpd).
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