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    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Egypt starts implementation of silicon production project in New Alamein

      Egypt starts implementation of silicon production project in New Alamein

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      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

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        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
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          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Trending Tags

          • Business & Economy
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            • Business
            • Economy
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            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Egypt starts implementation of silicon production project in New Alamein

            Egypt starts implementation of silicon production project in New Alamein

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Qatari GTL to defend market share

              Oxford Business Group

              February 29, 2016
              in Economy, Oil & Gas
              0
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              Rising demand, an expanding product range and innovative new applications for gas-to-liquids (GTL) products should help Qatar maintain growth in its GTL industry, bucking declines in conventional hydrocarbons prices.

              While attracting a price premium in comparison with crude oil-derived equivalents, GTL products are proving to be a popular alternative in the market thanks to their performance benefits, chemical purity and environmentally friendly properties.

              However, increasing competition has the potential to erode some of Qatar’s GTL market share over the longer term.

              Major player
              Qatar has carved out a niche as the global leader in the GTL industry, creating a range of liquid fuels from natural gas, which is converted into longer-chain, highly paraffinic oil products. Finished products include diesel, kerosene, lubricant base oil, and inputs for petrochemical and detergent production.

              GTL products are odorless and free from sulphur and other impurities commonly found in crude oil-based alternatives. They are also thinner, which helps to reduce friction and prevent contaminant build-up and wear on machinery.

              Qatar has two major GTL facilities with a combined capacity of more than 170,000 barrels per day (bpd). One of the plants, ORYX GTL, uses low-temperature processing technology developed by South Africa-based energy and chemicals company Sasol, and operates as a joint venture with Qatar Petroleum.

              Qatar’s other facility, Pearl GTL, uses Shell proprietary technology and ranks as the world’s largest GTL plant, producing 140,000 bpd, or more than 80% of the country’s total GTL output.

              According to Rob Sherwin, general manager of corporate affairs and deputy country chairman for Shell Qatar, 2016 will be the second consecutive year when planned routine maintenance activities in the first half of the year will see Pearl GTL’s production halved for a period of time.

              Market resilience
              A solid performance by Qatar’s manufacturing sector in the third quarter of 2015 underscored GTL’s rising contribution to the broader economy.

              Real gross value added in the sector was up 4.3% quarter-on-quarter (q-o-q), driven in large part by GTL production, according to data from the Ministry of Development Planning and Statistics, compared to 2.8% q-o-q growth in the broader economy.

              While GTL’s nominal contribution will decline this year on weaker energy prices and the partial shutdown at Pearl GTL, both demand and GTL’s value proposition remain strong, according to Sherwin.

              “GTL products have the benefit of being sold into a global market that is continually growing,” he told OBG.

              Phinda Vilakazi, president of Sasol GTL ventures, managing operations in Qatar, Nigeria and Uzbekistan, agreed that demand for GTL products was unlikely to be greatly affected by market turbulence.

              “In the applications where it is used, GTL has a proven benefit profile in terms of environmental impact and quality,” he told OBG. “We don’t foresee the Qatari GTL market at current production levels being impacted significantly by wider market forces.”

              Competitive prospects
              Despite its demonstrated resilience, Qatar’s GTL industry will likely face rising competition in the years to come from new producers that are keen to tap into growing global demand.

              In late December Saudi Aramco announced plans to develop a major gas industrial complex at Jazan, worth a reported $2.1bn, which will incorporate a GTL component into its scheduled opening in 2017.

              Elsewhere, a GTL plant in Nigeria is nearing full production, and two smaller-scale facilities are set to be commissioned in the US later this year. Other GTL projects are also being explored in Mozambique and Uzbekistan.

              In the meantime, producers are gearing up to accommodate Iran’s return to the international energy market. Iran’s leaders are actively seeking foreign investment in its dormant oil and gas industry, in both the up- and downstream segments, and the country reportedly has plans to construct a pilot GTL plant on Qeshm Island. The facility is expected to come on-line in 2018, according to local media reports, with initial output of 3000 bpd.

              While initial installed production will be a fraction of Qatar’s GTL output, Iran has the potential to expand its own capacity – and, like its Gulf neighbor, has ample feedstock to supply the sector.

              Nonetheless, Qatar is expected to continue to benefit from its established dominance in the global market, having already made extensive investment in the capital-intensive development stage, which should strengthen its position as a supplier against a backdrop of rising demand for premium GTL products.
              Oxford Business Group
              29 February

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