Middle East
Axens to design, license technology to Iraq refinery
Iraq’s State Company for Oil Projects (SCOP), part of the Iraqi Ministry of Oil, has awarded Axens the basic design and license contracts for the construction of the new refinery in Nassiriya, Iraq.
Foster Wheeler wins management deal for Egypt compression project
Foster Wheeler has received a contract from Apache Khalda Corp. to provide project management consultancy (PMC) services to oversee the front-end engineering design (FEED) for the Qasr compression project in Egypt.
Axens technology picked for Saudi Aramco refinery
Axens' technologies have been selected by Saudi Aramco for use in its Jazan refinery and terminal project, the company said on Friday. The refinery, scheduled to be commissioned in December 2016, will have a capacity of 400,000 bpd.
Strategic buyers lead chemical M&A revival - report
Mergers and acquisitions (M&A) activity in the global chemicals industry surged following the recession, driven by interest from strategic buyers in the specialty chemical sector, according to a report issued Wednesday from Fitch Ratings.
Alfa Laval to supply heat exchangers for refinery in Kazakhstan
Alfa Laval has won an order to supply its Packinox heat exchangers to a refinery in Kazakhstan, the firm said on Wednesday. The order value is approximately SEK 55 million and delivery is scheduled for 2012.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
Sasol plans gas-to-liquids project in Uzbekistan
South African energy and chemicals group Sasol signed an investment agreement with the Uzbekistan government to develop a gas-to-liquids (GTL) project in Uzbekistan. The agreement was completed with project partners Uzbekneftegaz and PETRONAS, according to Sasol officials.
Foster Wheeler wins EPC deal for Sasol expansion in South Africa
Foster Wheeler has been awarded a contract by Sasol to provide engineering, procurement and construction management (EPCm) services for the Sasolburg utilities expansion project at Sasolburg, South Africa.
IEA cuts global oil demand outlook, citing economy
Market observers are puzzled over the ‘paradox’ of weakening economic growth and oil demand indicators on one hand and $110/bbl crude on the other, according to the International Energy Agency (IEA), which on Tuesday cut forecasts for oil demand growth in 2011 and 2012.
BP sells stakes in southern Africa fuels marketing
BP has completed the sale of its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania to Puma Energy. The sale of the final business in Tanzania completed on September 1, the company said.
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