Middle East
IEA lowers estimate for 2011 oil demand growth
The International Energy Agency (IEA) lowered its projection for global oil demand growth in 2011, falling by 190,000 bpd, or 0.2%, from an earlier estimate.
Majority of energy execs see crude exceeding $120/bbl in 2011 - survey
Energy executives expect continued volatility in the price oil for the remainder of the year, with 64% predicting crude prices to exceed $120/bbl in 2011, according to a new survey.
Oman awards contract to Chevron Lummus for Sohar refinery expansion
Oman Refineries and Petrochemicals Co. (ORPC) will use ISOCRACKING technology from Chevron Lummus Global as part of its Sohar refinery expansion project, seeking to boost margins and increase production.
Global PVC growth to continue, but new China capacity will limit op rates - report
Polyvinyl chloride (PVC) demand growth is forecast to continue in 2011, but the start-up of additional capacity in China will lead to global operating rates remaining low, according to a new report from US-based consultancy ChemSystems.
Saudi Aramco chooses SNC-Lavalin JV for five-year engineering, project management deal
State-owned oil company Saudi Aramco has chosen SNC-Lavalin, together with its Saudi Arabian 50/50 joint venture partner The Zuhair Fayez Partnership, to perform general engineering and project management services (GES+) under a five-year reimbursable contract.
Methanex starts up production in Egypt, Canada
Global methanol producer Methanex said on Thursday that it had started production at its facility in Egypt as well as its Medicine Hat plant in Alberta, Canada, citing strong demand for the chemical.
SABIC, Asahi and Mitsubishi ink JV for Middle East acrylonitrile, sodium cyanide projects
Saudi Basic Industries Corp. (SABIC), Asahi Kasei Chemicals Corp. and Mitsubishi Corp. signed a strategic joint venture (JV) agreement to build a manufacturing plant for acrylonitrile and sodium cyanide, with subsequent sales and distribution to be carried by the partners.
Qatargas inks LNG supply deal with UK’s Centrica
Qatargas said it signed an agreement to supply liquefied natural gas (LNG) to Centrica, the largest UK supplier of gas to customers. Under the deal, Qatargas will deliver up to 2.4 million metric tons/year of LNG from the Qatargas 4 project to the UK Isle of Grain terminal for the next three years.
Shaw Group awarded FEED contract for UAE liquid storage tanks
The Shaw Group Inc. has been awarded a contract to provide front-end engineering and design (FEED) for the replacement of two liquid storage tanks by Abu Dhabi Gas Liquefaction Co. (ADGAS).
KBR inks engineering contract with Saudi Aramco
KBR today announced that its newly-established Middle East-based engineering company has been awarded an engineering and project management services contract from the Saudi Arabian Oil Company (Saudi Aramco) as part of its general engineering services plus (GES+) initiative.
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
- One of the largest heat pumps in the world has reached BASF's Ludwigshafen site 4/8
- LANXESS introduces surcharge for Lewatit ion exchange resins 4/8
- HyOrc secures industrial site and accelerated permitting path for Portugal green methanol project 4/8
- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
- Iranian Oil Refining Co. confirms attack on Lavan refinery 4/8
