Related Articles
Forward article link
Share PDF with colleagues

A clean slate for Gulf refiners

The region's refiners have less than three years to play their ace card as the IMO implements new sulphur limits on bunker fuel from 2020

The biggest surprise following the International Maritime Organisation's (IMO) ruling last October was that anyone was surprised; reducing the sulphur cap for bunker fuel from 3.5% to 0.5% has been on the regulatory table for nearly a decade. Sulphur caps of 4.5% from 1997 and then 3.5% from 2012 also gave refiners and their slow-but-steady attitude a heads up. Still, many are now hurriedly reviewing their crude slates and balance sheets to try—and it is an ongoing, not guaranteed, effort—to keep pace with the biggest shift in the shipping industry since coal-powered vessels crossed the world's oceans nearly a century ago. Only the complex refineries producing a broad crude blend and an abi

Also in this section
Refiners should expect the unexpected
22 September 2017
Trend spotting is easier said than done in the refining sector
End of a golden era for refiners?
22 September 2017
Refiners may struggle to keep making the profits of recent years, but there's life in the sector yet
India: the great gas demand hope
14 September 2017
With high import-dependency and rising gas demand, India is a prime target for LNG exporters. But price and infrastructure will decide how quickly the market develops