Middle East
CB&I awarded EPC contract for Aramco, Shell refinery
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract for more than $95 MM by Saudi Aramco Shell Refinery (SASREF).
SABIC looking at investing in US gas
(Reuters) — Petrochemicals company Saudi Basic Industries Corp (SABIC) is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saudi energy minister said on Wednesday.
SABIC to open office in Iraq as relations improve
DUBAI (Reuters) — Petrochemical giant Saudi Basic Industries Corp (SABIC) plans to open an office in Iraq soon, Saudi Arabia's energy minister said during a visit to Iraq's southern oil city of Basra, as relations between Riyadh and Baghdad thaw.
Iraq's November oil exports from south up at 3.5 MMbpd
BASRA, Iraq (Reuters) — Oil exports from Iraq's southern ports rose to an average of 3.5 MMbpd in November from 3.35 MMbpd in October, Basra Oil Company Director General Ihsan Abdul Jabbar told Reuters on Friday.
thyssenkrupp to build two major polymer plants in Turkey
thyssenkrupp Industrial Solutions’ subsidiary Uhde Inventa-Fischer has signed a contract to build two new world-scale polymer plants for SASA Polyester Sanayi A.Ş in Adana, Turkey. One plant is planned to produce 380,000 tpy of polyethylene terephthalate (PET) for low-viscosity applications.
OPEC agrees oil cut extension to end of 2018
VIENNA (Reuters) — OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats.
Grace licenses polypropylene process technology to KIPIC, Sinochem
COLUMBIA, MD. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL PP process technology to Kuwait Integrated Petroleum Industries Company (KIPIC) for the integrated petrochemical complex at its Al-Zour refinery and Sinochem Quanzhou Petrochemical Co., Ltd. for a 1-MMtpy ethylene cracker and refinery expansion project at its facility in Quanzhou, Fujian province, China.
Saudi Aramco, SABIC to develop crude oil to chemicals complex
Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution of the front-end engineering design (FEED) before a final investment decision is made.
Iraq to divert most Kirkuk oilfield output to Iraqi refineries, says official
BAGHDAD (Reuters) — Iraq is preparing to divert most future output from Kirkuk oilfield to local refineries as a conflict with Kurdish regional authorities over the use of an export pipeline to Turkey continues, an Iraqi official said on Monday.
Iran pushes to retain Asia oil buyers as possible US sanctions loom
SINGAPORE (Reuters) — Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the appeal of its crude compared with other Middle Eastern supply even as the potential threat of further US sanctions on the country looms.
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