Middle East
Yemen LNG repairs gas pipeline after sabotage
The 320-kilometer LNG terminal, most recently hit on December 16, has been repeatedly attacked by suspected al Qaeda-linked militants. Yemen began exporting LNG from the Balhaf terminal in 2009. French group Total has an almost 40% interest in the liquefaction plants.
Qatar sets up new company to market domestic petrochemical products
The Qatar Chemical and Petrochemical Marketing and Distribution Co., or Muntajat, would have "exclusive rights to purchase, market, distribute and sell Qatar's production of chemical and petrochemical regulated products to the global market". The new entity is expected to start operations in Q1 2013.
Foster Wheeler wins Kuwait refinery upgrade deal
KNPC’s clean fuels project is a major upgrade and expansion of the Mina Al-Ahmadi and Mina Abdullah Refineries to increase their combined throughput by 264,000 bpd to 800,000 bpd. The objective is to increase conversion of fuel oil to higher value products in order to meet expected market demand.
Aramco, Total to double Saudi refining investment
Satorp is building a 400,000 bpd export refinery in Jubail in the kingdom's eastern region, which is expected to be fully operational by the third quarter of 2013. The refinery complex, estimated to cost about $14 billion to build, is part of a drive by the world's top oil exporter to boost refining capacity.
Shell to collaborate in FLNG with Technip, Samsung
The agreement between the firms builds on the existing relationship, formed in 2009, to ensure the companies can capitalize on insights gleaned from the design and construction of Shell's Prelude FLNG facility in Australia and expand their technology offerings to the global energy market.
IEA sees global crude refining volumes on rise
In its monthly report on the oil sector, the IEA said that the projected daily average for refinery runs was up year-on-year by 950,000 bbl, to 75.3 million bbl. Growth is expected to continue into the first quarter of 2013, when refinery throughput is forecast to be 75.8 million bpd.
SNC-Lavalin signs hydrocarbon engineering pact with Kuwait, Saudi venture
The five-year contract will have SNC-Lavalin carry out a range of front-end studies, perform preliminary and detailed engineering, and provide procurement and construction management support for onshore and offshore hydrocarbon and industrial projects.
Aramco cyber attack targeted Saudi production
The oil giant says an August cyber attack on its computer network targeted not just the company but the kingdom's economy as a whole, seeking to stop oil and gas production. The interior ministry joined Aramco's investigation into the attack that affected some 30,000 of the firm's computers.
China calls on West to reduce GHG emissions
Poorer countries argue the West should lead from the front in cutting greenhouse gases because it is largely responsible for the heating of the planet since industrial times. China, the world's top polluter, says it aims to cut its emissions by between 40% and 45% by 2020.
Kuwait picks Foster Wheeler, Amec for refinery, clean fuel projects
The two projects will be implemented simultaneously and are expected to boost the refining capacity of KNPC's parent company, Kuwait Petroleum Corp., to 1.4 million bpd of crude oil and will cost $25 billion.
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