Middle East
UAE buys first US oil cargo to replace Qatar condensate
SINGAPORE (Reuters) — The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row.
Pakistan fuel tanker owners end strike, bringing halt to panic buying
KARACHI/ISLAMABAD (Reuters) — Owners of Pakistani fuel tankers ended their protest strike on its third day on Wednesday, dispelling fears of a fuel shortage that had prompted long queues of panicked fuel buyers at petrol stations countrywide.
Oil rallies 2% as Saudi promises to cut exports
LONDON (Reuters) — Oil rose by more than 2% on Tuesday after Saudi Arabia vowed to reduce exports from next month and OPEC called on members to boost compliance with agreed output cuts to help curb oversupply and support flagging crude prices.
Saudi refinery operations not affected by transformer fire
KHOBAR, Saudi Arabia (Reuters) — The Saudi Aramco Mobile Refinery (SAMREF) at Yanbu is operating normally after a fire hit a power transformer at the gate of the facility on Saturday, a spokesman for a Saudi government body was quoted as saying on the state news agency.
Saudi calls OPEC members to stick to limits, sees oil demand up
ST PETERSBURG, Russia (Reuters) — OPEC leader Saudi Arabia said on Monday the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria and Libya, which have been exempted from the curbs.
Saudi's Sipchem in CO2 supply agreement with Sasref
KHOBAR, Saudi Arabia (Reuters) — Saudi International Petrochemical Co (Sipchem) said on Wednesday its methanol affiliate will start receiving supplies of carbon dioxide feedstock from Saudi Aramco Shell Refinery (SASREF) in the first quarter of 2019.
Vietnam's Nghi Son refinery to import its first Kuwaiti crude cargo
SINGAPORE (Reuters) — Vietnam's Nghi Son Refinery and Petrochemical LLC (NSRP), the owner of the country's second oil refinery, has chartered a supertanker to carry crude from Kuwait in a sign that the behind-schedule project may soon begin startup operations.
Honeywell to provide detergent manufacturing technologies to Farabi petchem complex
DHAHRAN, Saudi Arabia — Honeywell announced that Farabi Petrochemicals Company will use Honeywell UOP technologies for a new complex in Yanbu to expand its production of biodegradable detergents. The construction of the new complex is expected to be completed in 2020.
ADNOC, Borealis to extend and expand joint petchem activities in Ruwais
ABU DHABI, UAE — The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement, under which the companies will advance two key projects that will expand both ADNOC and Borealis downstream petrochemicals business and support the delivery of ADNOC’s integrated smart growth and partnership strategy.
VTTI acquires 51% interest in a greenfield terminal project in Pakistan
VTTI B.V., a global independent provider of energy storage, announced its acquisition of a 51% ownership interest in a 233,400 m³ greenfield project in Pakistan.
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