Middle East
South Korea's SK E&C signs $1.6 B deal to modernize Iran oil refinery
SEOUL (Reuters) — South Korea's SK Engineering & Construction said on Sunday it had signed a deal with Iran's Tabriz Oil Refining Company worth $1.6 B to renovate the Iranian company's refinery facility.
Petrofac JV awarded $2-B refinery contract in Oman
(Reuters) — Petrofac Ltd said Oman's Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to the British oilfield services company's 50:50 JV with Samsung Engineering, sending its shares up as much as 9.5%.
OPEC supply-cut compliance runs up against ire over country targets
DUBAI/LONDON (Reuters) — OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017, but with laggards Iraq and the UAE yet to show how they can meet their prescribed targets, sources say a refocusing on exports may be the key to further progress.
Iran's oil exports to China to rise to 11-month high in August
TOKYO/SINGAPORE (Reuters) — Iran's oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday.
Azerbaijan's oil shipments via Russia jump to 818,664 t in Jan–July
BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 818,664 t in January–July this year from 559,065 t in the same period last year, state oil company SOCAR said on Tuesday.
Israel's Haifa Chemicals says it is closing business
JERUSALEM (Reuters) — Haifa Chemicals said on Wednesday it was closing shop and letting go of its 800 employees after failing to find a reasonable alternative to a large ammonia tank it needs to function which was ordered to be shut down earlier this year.
Iraq's July oil exports dip on lack of shipments from Kirkuk
BAGHDAD (Reuters) — Iraq's oil exports fell to 3.230 MMbpd in July from 3.273 MMbpd in June as no shipments were made from the northern Kirkuk field, the oil ministry said on Tuesday.
SNC-Lavalin transitions into EPC phase of ammonia plant contract with Salalah
MONTREAL — SNC-Lavalin announced that it has received a notice to proceed from Salalah Methanol Company LLC (SMC) with the Engineering, Procurement and Construction (EPC) phase of its anhydrous liquid ammonia plant project, located in the city of Salalah, Sultanate of Oman.
ADNOC finalizes July 2017 to June 2018 diesel term contract
SINGAPORE (Reuters) — Abu Dhabi National Oil Company has finalized its July 2017 to June 2018 diesel term contract at a higher premium than an earlier contract it signed, traders said on Tuesday.
Sadara brings Kingdom’s first polyols plant on-stream
JUBAIL, Saudi Arabia — Sadara Chemical Company, the largest chemical complex ever built in a single phase, has successfully started up the Kingdom’s first Polyols plant. This manufacturing facility produces specialty chemicals that go into the production of polyurethanes and specialty foams.
- Meghna PVC partners with Jotun to manage corrosion maintenance 5/7
- Bayer and bp form strategic alliance to jointly scale camelina as intermediate crop for biofuels 5/7
- TA’ZIZ announces $2 B in financing for UAE’s first world-scale methanol plant 5/7
- PepsiCo and TalusAg Renewables announce low-carbon ammonia attribute agreement to help accelerate fertilizer decarbonization 5/7
- Topsoe and BioVeritas sign agreement to accelerate second-generation renewable fuels production 5/7
- Emerson launches digital anti-coating pH/ORP sensor for reliable, low-maintenance service 5/7
