DMEA Week 44
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Issue 425 07•November•2019 Week 44
Under pressure, Iraq makes refining plans Plans are afoot to increase Iraq’s refining capacity, but the government is under intense pressure with oil production disrupted by protests.
Aramco kicks off domestic IPO
1-2% of the company is to be floated on the Riyadh stock exchange, with bank valuations ranging from $1.2tn-$2.3tn.
OPEC predicts refining overcapacity OPEC has said that it anticipates the closure of 2.1mn bpd of refining throughput globally by 2024, with another 5mn bpd of closures by 2040.
