Middle East
UAE to raise gasoline, diesel costs in May
The price of a liter of octane 95 gasoline will rise to 1.67 dirhams (46 US cents) at the start of next month from 1.51 dirhams. The domestic diesel price will increase to 1.60 dirhams from 1.56 dirhams.
Saudi Aramco mulls proposals to invest in Indian downstream projects
India's oil minister met earlier this month with Saudi Aramco chairman Khalid al-Falih and sought Saudi investment in a planned 1.2-MMbpd refinery on India's west coast, the expansion of the Bina refinery and a petrochemical plant at Dahej.
Amec Foster Wheeler wins FEED to modernize major SOCAR refinery
The contract, awarded by the State Oil Company of Azerbaijan (SOCAR), is part of a major investment to increase the refinery’s capacity and improve the quality of the fuel produced.
PetroRabigh starts expanded Saudi ethane cracker
The expansion will increase ethane processing capacity from 95 million standard cubic feet/day (scfd) to 125 million scfd; boosting capacity to 1.6 MMtpy, according to PetroRabigh.
Kuwait oil, gas workers end three-day strike
Kuwaiti oil and gas workers have ended a three-day strike that had temporarily cut the OPEC member's crude production by nearly half, according to the trade union.
Oman builds industrial outpost in desert with refinery, petrochemicals
The Duqm Special Economic Zone will include an oil refinery, a petrochemical complex, manufacturing operations and warehousing and logistics facilities.
Kuwait lowers crude, refining production as workers strike
Kuwait reduced its crude oil output and refining production as part of an emergency plan to help the OPEC member deal with the largest oil and gas workers' strike in years.
Saudi Aramco, Sinopec’s Yasref refining venture secures $4.7B loan
Yasref, which operates a 400,000-bpd refinery next to the Red Sea, began working at full capacity last July. In December, bankers told Reuters that Yasref was seeking the loan to replace some cash which Aramco had invested to build it, so that Aramco could use the money elsewhere.
Kuwait’s oil workers to push ahead with strike, reject compromise
The union has not said how long the strike, involving thousands of workers at state-run companies, would last. Workers fear the payroll overhaul would reduce salaries and affect other benefits.
Total sees gas, petrochemicals as priority in Iran
"Gas is our priority for us there, and petrochemicals," Total's CEO Patrick Pouyanné told reporters at an international liquefied natural gas conference.
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