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TotalEnergies: Saudi Refinery Won’t Fully Recover Until 2027

TotalEnergies CEO reports that the SATORP refinery in Saudi Arabia, damaged by drone strikes in April, will not achieve full operational capacity until early 2027. The 460,000-barrel-per-day facility currently operates at 70% capacity, raising concerns about global fuel market recovery despite ongoing peace negotiations.

آخر تعديل قبل شهر واحد.

العرض المستخرج للقراءة · النص الأصلي للأدلة الامتثالية
A major Saudi Arabian refinery damaged during the Iran conflict will not return to full operations until early 2027, according to TotalEnergies CEO Patrick Pouyanné, raising fresh concerns about the pace of recovery in global fuel markets even as a U.S.-Iran peace agreement moves forward. Speaking before France’s National Assembly on Wednesday, Pouyanné said the 460,000-barrel-per-day SATORP refinery in Saudi Arabia is still operating at only 70% capacity after being struck by three drones in April. “Our Saudi Arabian…

المصدر

https://oilprice.com/Latest-Energy-News/World-News/TotalEnergies-Saudi-Refinery-Wont-Fully-Recover-Until-2027.html

الوثيقة الرسمية لدى الجهة التنظيمية. استشهد دائماً بهذا الرابط — لا بصفحة تفاصيل Vantage — في أدلة الامتثال.

ذات صلة في International

INTEnergy Newsoilprice:oilprice-article-45056أخبارIn force

The U.S. Army Just Called China’s Bluff in the Rare Earth War

Just recently, in a span of about six weeks, one impressive company was selected by the U.S. Army to build and operate rare earth processing facilities on an American military base…the first time the Army has ever done this. That same company closed $100 million in institutional financing, giving it a war chest of roughly $130 million. It was also formally added to the Russell 3000 Index. And it locked in MOU’s for feedstock agreements covering billions of tonnes of rare earth-bearing material from sources across Wyoming, Appalachia…

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INTEnergy Newsoilprice:oilprice-article-45052أخبارIn force

Oil Prices Ignore the Warning Signs in Physical Markets

Oil price movements since the start of March this year have become the topic of dozens of discussions. Many have been puzzled by futures prices and why they haven’t gone through the roof given the severe disruption in Middle Eastern supply. It appears the reason is sheer optimism and a bet on market adaptability. However, there is a problem with that. Adaptability has limits. Many commentators like to compare the current oil price—and supply—situation to 2022, when Russia’s incursion into eastern Ukraine prompted an actual…

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INTEnergy Newsoilprice:oilprice-article-45054أخبارIn force

The World’s Largest Sand Battery Is Now Online

Modern power grids require a constant, real-time balance between supply and consumption. Unfortunately, the integration of wind and solar energy makes power grids unstable due to the intermittent nature of renewable energy generation. To prevent localized grid blackouts or harmful voltage spikes, utilities are increasingly pairing renewables with battery storage and/or rapid-response natural gas plants to smooth out fluctuating supply. However, Finland has now come up with a rather eccentric method to store excess renewable energy and release it…

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INTEnergy Newsrigzone:https://www.rigzone.com/news/wire/australia_to_study_first_new_oil_refinery_since_60s-28-jul-2026-184235-article/?rss=trueأخبارIn force

Australia to Study First New Oil Refinery Since 60s

Prime Minister Anthony Albanese Tuesday announced a study for a new refinery in Karratha in Western Australia, backed by A$4 million ($2.8 million) of government funds.

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INTEnergy Newsoilprice:oilprice-article-45055أخبارIn force

Refined Fuels, Not Crude, Are Driving the Oil Market Crunch

Oil prices have just come off a fresh two-month high as the crude oil market has tumbled this week amid signals of de-escalation in the U.S.-Iran conflict. Despite the slump in crude prices and the extreme volatility in the past five months, the refined product market continues to tighten with refining margins at record highs because the supply of petroleum products is much tighter than crude supply. Refining margins held at record highs even as crude oil prices soared last week to $100 per barrel. That’s because global gasoline, diesel,…

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