Middle East
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.
Amarinth delivers vertical sump pumps for ADNOC JV petchem plant in Abu Dhabi
Amarinth, a company specializing in the design, application and manufacture of centrifugal pumps and associated equipment to the Oil & Gas, petrochemical, chemical, industrial and power markets, has delivered two bespoke super duplex API 610 VS4 vertical sump pumps to Descon Engineering for the Borouge petrochemicals complex in Ruwais, Abu Dhabi.
ADNOC stalls diesel term talks because of fuel uncertainty after Qatar spat
SINGAPORE (Reuters) — Abu Dhabi National Oil Company (ADNOC) has temporarily halted talks with buyers for its long-term diesel contracts because of concerns it may need the fuel in case of the loss of natural gas supplies from Qatar, industry sources said on Wednesday.
Asian refiners tweak their Qatar oil loadings to side-step Gulf spat
SINGAPORE/SEOUL (Reuters) — Asia's oil refiners are adjusting their shipping arrangements for loading Qatari crude to side-step the diplomatic spat between Doha and other Middle East nations, including top Gulf oil producers Saudi Arabia and the United Arab Emirates.
OPEC sees lower demand for its oil in 2018, points to surplus
LONDON (Reuters) — World demand for OPEC's crude will decline next year as US shale producers and other rivals pump more, OPEC said on Wednesday, suggesting the oil market will see a surplus in 2018 despite an OPEC-led output cut.
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