Middle East
UAE's ADNOC to cut January oil supplies to Asia; Kuwait, Oman to follow
SINGAPORE/DUBAI (Reuters) -- Abu Dhabi National Oil Company on Tuesday said it would cut crude supplies by 3-5% across its three export grades to meet commitments under an OPEC deal to curb output.
Aramco, Dow JV to supply feedstock to Saudi Rufayah Chemicals
KHOBAR, Saudi Arabia (Reuters) -- Sadara Chemical, a $20 billion petrochemical JV between national oil giant Saudi Aramco and Dow Chemical, has signed a 20-year agreement with Saudi Rufayah Chemicals Co (RCC), Sadara said on Sunday.
Kuwait's KNPC mandates banks for ECA-backed club loan
DUBAI (Reuters) -- Kuwait National Petroleum Co (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said.
Qatar to merge LNG producers Qatargas and RasGas
DOHA (Reuters) -- Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said on Sunday, in the Gulf state's latest reaction to lower energy prices.
OPEC, non-OPEC agree first global oil pact since 2001
VIENNA (Reuters) -- OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
Saudis order oil cuts to US, Europe before non-OPEC talks
VIENNA/SINGAPORE (Reuters) -- Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
Bahrain's Bapco gets bids for $5-B refinery expansion
KHOBAR, Saudi Arabia (Reuters) -- State-run Bahrain Petroleum Company (Bapco) has received bids from international construction companies to expand its Sitra oil refinery, industry sources said.
Saudi's Sipchem affiliate signs $144.6 MM methanol plant efficiency contract
DUBAI (Reuters) -- An affiliate of Saudi International Petrochemical Co (Sipchem) signed a contract with South Korea's eTEC E&C for work costing $144.6 million to raise the efficiency of operations at its methanol plant in Jubail.
Qatargas conducts emergency exercise with state agencies
Qatargas conducted a major emergency response exercise in collaboration with the Ministry of Interior, Qatar Petroleum, and various shareholders. The exercise involved a simulated fire and a coordinated response from professional teams at a hydrocarbon storage tank in Ras Laffan Industrial City.
Kazakhstan detains suspected oil thieves linked to Islamists
ASTANA (Reuters) -- Kazakhstan's state security service has detained several people suspected of stealing oil and fuel from a refinery and being linked to radical Islamists, it said on Wednesday.
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