Middle East
Iran, Brazil begin talks on Iranian investment in Brazilian refineries
Iran, which is boosting oil output after the end of sanctions over its nuclear program, is interested in exporting oil to Brazil and processing that crude at refineries in Brazil's northeastern region.
Kuwait’s KPC to sell struggling assets to cut costs
Nizar al-Adsani, chief executive of KPC, was quoted as saying the company had started efforts to sell its Europoort refinery in the Netherlands and had decided to shut a fertilizer plant.
Iran mulls investment stakes in foreign refineries
Hamid Sharif Razi said the NIOEC holds a 30% stake in a 250,000-bpd refinery project in Malaysia, and was planning to take a 40% stake in a 300,000-bpd refinery in Indonesia.
Petrofac picks Bertin Technologies to track gas at Aramco’s Jazan refinery
The Second Sight solution has been selected by Saudi Aramco and Petrofac because it offers several benefits that complement conventional gas detection methods.
SOCAR awards work to Tecnimont for Azerbaijan polyethylene project
The project’s scope of work envisages the provision of complete engineering services, equipment and material supply, construction activities up to start up and guarantee test run.
Topsoe wins work on new Iran methanol project, opens Tehran office
Topsoe signed a contract with Badr-e-Shargh Petrochemical Complex for licenses, engineering, proprietary equipment, materials and catalyst for their new plant in Chabahar, Iran.
Spanish refiner Cepsa resumes taking Iranian oil
According to Reuters shipping data, Cepsa has chartered the suezmax Monte Toledo, which will load at Iran's Kharg Island for delivery to the Spanish ports of Huelva and Algeciras.
Pakistan Refinery picks UOP’s modular technology on new clean fuels unit
Pakistan Refinery (PRL) commissioned a new unit using UOP technology at its facility in Karachi, Pakistan, doubling its output of high-quality gasoline to 24,000 tons/month.
Use discrete event simulation as decision support for storage and shipping—Part 2
Over the past decades, one engineering firm has been using discrete event simulation (DES) to study shipping and storage as an integral part of project execution throughout all phases of a process facility’s design, construction and operations.
Industry Metrics
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather.
- U.S. EIA forecasts new export licensing requirements will reduce U.S. ethane exports 6/18
- Nigeria to export first gasoline cargo to Asia from Dangote refinery 6/18
- Indian refiners cancel palm oil orders for July-September as prices surge 6/18
- U.S. set to object to green jet fuel recommendation at UN aviation council 6/18
- Phoenix Contact introduces intrinsic safety versions of the MINI Analog Pro Ex conditioners for hazardous areas 6/18
- EIA: U.S. crude inventories fall by most in a year, fuel stocks build 6/18
