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• Gulf countries are the worst offenders worldwide when it comes to the direct burning of crude oil in power plants. Of 816,000 b/d burnt worldwide in 2015, 85% was in the Gulf.
• But a seemingly-inexorable rise in burning due to a failure for alternate fuel supplies to keep up with soaring power demand was finally reversed in 2016. The total regional burn was 694,000 b/d for 2016, according to MEES analysis of freshly-released Jodi data, down by 9% from 2015’s record of 764,000 b/d.
• Saudi Arabia accounted for virtually all of the net gains. Here the startup of the 2.5bn cfd Wasit gas processing plant (providing 1.7bn cfd sales gas) in Q2 2016 and fuel subsidy cuts crimped demand. (CONTINUED - 449 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Gulf Crude Burn Falls 9% To 694,000 B/D In 2016 (‘000 B/D)...|
|chart||...But A Similar-Size Rise In Fuel Oil Consumption Takes A Shine Off The Gains (‘000 B/D)|
|chart||Total Oil Burn** Was More Or Less Steady For The Third Straight Year, A Fall In Per-Capita Terms (‘000 B/D)|
|chart||Saudi Arabia Monthly Crude Burn (‘000 B/D): 2016 Saw First Year-On-Year Decline Since 2013|
|chart||Iraq’s Burn Was Also On Track To Fall In 2016, Until A Jump In December (‘000 B/D)|