Middle East

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.

CB&I awarded storage project for Saudi Aramco refinery

THE WOODLANDS, Texas — CB&I announced it has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia.

Fluor’s phosphate megaproject in Saudi Arabia begins production

IRVING, Texas — Fluor Corporation announced that the Ma’aden Wa’ad Al-Shamal Phosphate Company’s (MWSPC) Umm Wu’al Phosphate Project in Saudi Arabia has started production of ammonia, merchant-grade acid and fertilizer. Fluor is providing overall program management services for this $8 B megaproject, in addition to engineering, procurement and operations and readiness services for various scopes.

Tüpraş selects Jacobs sulfur recovery Technology for three refineries

DALLAS — Jacobs Engineering Group Inc.’s proprietary EUROCLAUS sulfur recovery technology was selected by Tüpraş for its new sulfur recovery units that will be installed in the company’s Izmit, Izmir and Kirikkale refineries in Turkey.

IEA says strong oil demand growth helping market rebalance

LONDON (Reuters) — World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday.