Middle East

Dow, Aramco JV achieves commercialization of entire plastics franchise

MIDLAND, Mich. - April 27, 2017 - The Dow Chemical Company announced that its JV in the Middle East—Sadara Chemical Company—has achieved a milestone with the commercialization of Sadara’s entire plastics franchise. The start-up of Sadara’s high-pressure low-density polyethylene plant adds to Sadara’s mixed feed cracker and the three additional polyethylene trains currently in operation.

Saudi forces foil bombing attempt on Aramco fuel distribution terminal

DUBAI (Reuters) -- Saudi forces foiled an attempt from Yemen to blow up an Aramco fuel terminal in the southern Jazan province on Tuesday using a boat laden with high explosives, the interior ministry said in a statement carried by state news agency SPA.

Metso to supply emergency shutdown valves at Orpic petchem complex in Oman

Metso will supply 400 Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) Project in Sohar, Oman.

Oil dips on doubts over OPEC's ability to reduce inventories

LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.

Oman plans IPOs for downstream energy firms

ABU DHABI (Reuters) -- Oman plans to offer shares in some state-owned downstream energy companies to the public, partly to raise money as low oil prices pressure its finances, Omani Oil and Gas Minister Mohammad bin Hamad al-Rumhy said on Thursday.

Saudi Arabia, Kuwait signal likely extension of oil supply cuts

ABU DHABI (Reuters) -- Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.

Iraq completes repairs at Basra oil jetty, loading operations resume

BASRA, Iraq (Reuters) -- Repair work at a Basra oil jetty damaged by a tanker collision last month were completed on Sunday, two officials at state-run South Oil Company told Reuters on Monday.

Saudi Arabia pushes ahead with renewable drive to diversify energy mix

RIYADH (Reuters) -- Saudi Arabia aims to produce 10% of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan to diversify its energy mix and free up more crude oil for export.

Uniper's ULSFO facility in Fujairah sends cargoes to Europe, Asia

DUBAI (Reuters) -- Supplies of ultra-low-sulfur fuel oil (ULSFO) from the United Arab Emirates are becoming commonplace as Uniper ramps up production at its Fujairah facility, commissioned since the start of the year.

Saudi Aramco to supply full crude contract volumes to Asia, offers more light oil

SINGAPORE/TOKYO (Reuters) -- The world's top oil exporter Saudi Arabia has stepped up sales of light oil to Asia by offering buyers more cargoes on top of the full contract volumes it will provide for May, industry sources with knowledge of the matter said on Wednesday.