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Middle East

Jordan Petroleum Refinery Company selects KBR VCC technology

HOUSTON — KBR, Inc. announced it has entered into an Engineering agreement for the residue hydroprocessing unit at the Jordan Petroleum Refinery (JPRC) Expansion Project.

Crown Prince: Saudi Arabia ready to extend oil output cut deal

KHOBAR, Saudi Arabia (Reuters) — Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia's readiness to support the extension of a global oil production cut agreement.

Iraq boosts southern ports oil export capacity to 4.6 MMbpd

BAGHDAD (Reuters) — Iraq has increased oil export capacity from its southern ports by 900,000 bpd to 4.6 MMbpd after adding a new floating terminal in the Gulf, Oil Minister Jabar al-Luaibi said in a ministry statement.

Fire at Tehran oil refinery kills six

ANKARA (Reuters) — A fire at an Iranian oil refinery in Tehran's Shar-e Rey district killed six workers and injured two others on Friday but firefighters have brought it under control, state TV reported.

Saudi Aramco subsidiary to buy stake in Rotterdam terminal

RIYADH (Reuters) — Saudi Aramco Overseas Company (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy a stake in a Rotterdam terminal from commodities trader Gunvor, the company said on Thursday.

Oil eases but still near four-week highs after Saudi supply pledge

LONDON (Reuters) — Oil steadied on Wednesday near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has been weighing on the market for 3 yr.

Petronas, Aramco seeking $8 B for Malaysian project

KUALA LUMPUR (Reuters) — Malaysian state energy firm Petronas and Saudi Aramco are seeking to raise $8 B for a refinery and petrochemical complex via a bridge loan, Project Finance International (PFI) reported on Wednesday.

Saudi Aramco sees progress on chemical project plan with SABIC by year-end

RIYADH (Reuters) — Saudi Aramco expects to decide by the end of 2017 on plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC), Aramco's chief executive said on Tuesday.

Saudi determined to end oil glut, sees smooth exit for OPEC pact

RIYADH (Reuters) — The world's top oil exporter Saudi Arabia is determined to reduce inventories further through an OPEC-led deal to cut crude output and raised the prospect of prolonged restraint once the pact ends to prevent a buildup in excess supplies.

Total, Saudi Aramco discussing JV refinery expansion

LONDON (Reuters) — Total is in talks with Saudi Aramco to expand their Saudi joint venture refinery by more than 10%, the chief executive of the French energy company said on Wednesday.