Whilst Gulf countries are set to burn less crude in their power plants this year than last, total oil burn is set to rise, MEES number-crunching indicates. The two biggest burners Saudi Arabia and Iraq both have ambitious plans to replace oil burning with gas. But, with power demand continuing to rise, they have a long way to go to achieve this.
Saudi Arabia burnt 424,000 b/d of crude in its power plants in the first half of 2017, down 50,000 b/d on the same period a year earlier, though the June figure of 680,000 b/d was just 24,000 b/d below year-ago levels, cutting into the crude available for export (MEES, 18 August and MEES, 18 August for data). (CONTINUED - 509 WORDS)
