SPECIAL REPORT: Middle East condensate production will complicate refining operations

08/27/2007
Condensate production, especially in the Middle East, will rise substantially in the next few years. Some concerns about the effect of increased production on the marketability and prices of condensate have led producers to consider investing in condensate processing capacity as an alternative to being at the mercy of the condensate market.This article examines how the condensate market is likely to develop and whether investments in processing are likely.DefinitionsCondensate is a generic term that many use to describe a variety of light petroleum streams that range from NGLs to light crude oil. Strictly speaking, a condensate is a mixture of hydrocarbons that exists in a gaseous state i...
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