Middle East
Iraq's August oil exports average 3.216 MMbpd
BAGHDAD (Reuters) — Iraq's oil exports slipped to 3.216 MMbpd in August from 3.230 MMbpd in July as no shipments were made from the northern Kirkuk field, the oil ministry said on Saturday.
Bahrain's Bapco to meet Technip-led consortium for talks on refinery expansion
KHOBAR, Saudi Arabia (Reuters) — State-run Bahrain Petroleum Co (Bapco) will meet a consortium led by France's Technip for further talks over the planned expansion of Bahrain's only oil refinery, sources close to the matter told Reuters.
EPC contract signed to establish oil refinery in Pakistan
Wak Group and Guangdong Electrical Design Institute (Gedi), have signed an engineering, procurement and construction (EPC) agreement to engineer, design and construct a Falcon Oil refinery at KP Pakistan.
Shell lifts its first crude cargo from Libya in 5 yr
DUBAI (Reuters) — Royal Dutch Shell has lifted a cargo of 600,000 bbl of crude oil from Libya's Zueitina port, its first from the war-torn north African country in 5 yr, two industry sources told Reuters on Saturday.
Saipem awarded onshore $850 MM E&C contract for Kuwait pipeline, refinery project
San Donato Milanese — Saipem has been awarded a new contract in the onshore E&C sector worth approximately $850 MM. Activities involve engineering, procurement, construction and commissioning for the “Feed Pipelines for New Refinery Project (NRP)” in relation to the development of the new Al Zour refinery located in the south of Kuwait.
Saudi Arabia crude oil exports fall slightly in June
KHOBAR, Saudi Arabia (Reuters) — Saudi Arabia's crude oil exports in June fell slightly to 6.889 MMbpd, 35,000 bpd lower than the May level, official data showed.
Shell completes $820 MM SADAF chemicals sale to SABIC
Shell has completed the sale of its 50% share in SADAF, the petrochemicals JV, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 MM. This sale was announced on Jan. 22. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia.
Iraq sets up oil shipping, trading joint venture
DUBAI (Reuters) — OPEC member Iraq has formed a JV with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources.
S.Korea's July Iranian crude oil imports jump 27%
SEOUL (Reuters) — South Korea's crude oil imports from Iran rose 26.5% in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost market share.
Saudi's Sadara commissions last plant of its Saudi petchem complex
KHOBAR, Saudi Arabia (Reuters) — Saudi-based Sadara Chemical Co, a $20 B JV between Saudi Aramco and US firm Dow Chemical has commissioned the last plant at its petrochemicals complex in Jubail, Saudi Aramco said on Monday.
- 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
