Middle East
KBR, SOCAR JV awarded second program management contract in Azerbaijan
KBR, Inc.’s JV with SOCAR was awarded a second program management consultancy contract for the Azerikimya Production Union of the State Oil Company of Azerbaijan.
Kuwait Petroleum to invest in Oman Oil’s Duqm refinery
Oman Oil Company and Kuwait Petroleum Corp. have signed a memorandum of understanding (MOU) to cooperate in the development of Duqm Refinery and Petrochemical Complex in the Duqm Special Economic Zone in Oman’s Al Wusta Governorate.
ExxonMobil launches Mobil Serv Lubricant Analysis in Middle East oil and gas sector
ExxonMobil has launched Mobil Serv Lubricant Analysis, a next generation used oil analysis service, which replaces ExxonMobil’s Signum Oil Analysis.
Technip awarded contract for modernization of SOCAR Azerikimya petrochemical complex
SOCAR has awarded Technip a contract for engineering, procurement and construction (EPC) services for the SOCAR Azerikimya plant, located in the city of Sumgait, Azerbaijan.
Saudi Aramco acquires Novomer’s polyol business and associated technologies
Saudi Aramco has acquired the Converge product line and associated operations and technologies from US-based Novomer Inc.
MAN Diesel & Turbo, Hyundai Engineering complete power plant expansion for Attock Refinery
MAN Diesel & Turbo and Hyundai Engineering have completed the extension of a power plant in Pakistan for Attock Refinery Ltd.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Saudis, Mideast producers vie for China's teapot crude imports
Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms.
SPIE to provide commissioning management support to KNPC Clean Fuels Project
SPIE Oil & Gas Services has been awarded a 5-year contract with Kuwait National Petroleum Co. under the Clean Fuels Project which is currently in the EPC phase of implementation.
SABIC starts commercial operations at part of new rubber plant
SABIC started commercial operations at the polybutadiene industrial rubber part of its KEMYA complex, a JV with ExxonMobil Chemical.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
