Middle East
Rosneft eyes joint oil supplies to Egypt with Italy's Eni
SOCHI, Russia (Reuters) -- Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesday.
Iraq replaces Saudi as top oil supplier to India in April
NEW DELHI (Reuters) -- Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed.
Egypt will make $750 MM debt payment to oil companies June 1
CAIRO (Reuters) -- Egypt will make a debt payment of $750 MM to international oil companies on June 1, Central Bank Governor Tarek Amer said on Tuesday.
Pembina Pipeline, Petrochemical Industries sign JV for integrated polypropylene facility
CALGARY -- Pembina Pipeline Corporation announced that it, along with Petrochemical Industries Company K.S.C. of Kuwait, has reached key milestones for the previously announced proposed integrated propylene and polypropylene production facility in Sturgeon County, Alberta.
ADNOC targets growing polymers market from China’s auto, infrastructure sectors
ABU DHABI, UAE – The Abu Dhabi National Oil Company (ADNOC) is targeting rapid growth in demand for its polymer products from China’s automotive industry and the country’s investment in gas and electricity infrastructure.
Honeywell UOP signs agreement for $1.6-B Jordanian refinery expansion
AMMAN, Jordan – Honeywell UOP announced that it has signed an agreement with the Jordan Petroleum Refinery Company (JPRC) to facilitate a $1.6 B expansion of its refinery in Zarqa, Jordan. This expansion will increase the capacity of the facility to 120,000 bpd and will allow JPRC to upgrade the quality of its product to meet Euro V emissions specifications.
India's top refiner in early talks with Aramco for downstream project
KUALA LUMPUR (Reuters) -- India's top refiner said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coast, that could help the OPEC member lock-in customers amid an oil supply glut.
Saudi energy minister says may extend oil output cuts beyond 2017
KUALA LUMPUR (Reuters) -- Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC-led deal to cut output during the first half of the year to be extended to all of 2017.
Iraq loading first crude oil cargo for Egypt under new deal
BAGHDAD (Reuters) -- Iraq's oil ministry said on Thursday it had started loading a tanker with 2 MMbbl of crude oil bound for Egypt, marking the first shipment under a bilateral agreement.
Iraq calls for bids for new oil refinery in Basra
BAGHDAD (Reuters) -- Iraqi's oil ministry on Thursday asked foreign companies and investors to bid for a project to build and operate a 300,000-bpd export-oriented refinery in Fao, near the southern city of Basra.
- INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy 6/17
- Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion 6/17
- China's May refinery throughput at 9-month low on plant overhauls (1) 6/17
- bp completes turnaround work at 250,000-bpd refinery in Washington (U.S.) 6/17
- Japan's Eneos restarts 77,000-bpd Kawasaki CDU after unplanned shutdown 6/17
- UPM Biochemicals receives triple sustainability certification for the Leuna biorefinery 6/17
