Middle East
Kuwait's KNPC mandates banks for ECA-backed club loan
DUBAI (Reuters) -- Kuwait National Petroleum Co (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said.
Qatar to merge LNG producers Qatargas and RasGas
DOHA (Reuters) -- Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said on Sunday, in the Gulf state's latest reaction to lower energy prices.
OPEC, non-OPEC agree first global oil pact since 2001
VIENNA (Reuters) -- OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
Saudis order oil cuts to US, Europe before non-OPEC talks
VIENNA/SINGAPORE (Reuters) -- Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
Bahrain's Bapco gets bids for $5-B refinery expansion
KHOBAR, Saudi Arabia (Reuters) -- State-run Bahrain Petroleum Company (Bapco) has received bids from international construction companies to expand its Sitra oil refinery, industry sources said.
Saudi's Sipchem affiliate signs $144.6 MM methanol plant efficiency contract
DUBAI (Reuters) -- An affiliate of Saudi International Petrochemical Co (Sipchem) signed a contract with South Korea's eTEC E&C for work costing $144.6 million to raise the efficiency of operations at its methanol plant in Jubail.
Qatargas conducts emergency exercise with state agencies
Qatargas conducted a major emergency response exercise in collaboration with the Ministry of Interior, Qatar Petroleum, and various shareholders. The exercise involved a simulated fire and a coordinated response from professional teams at a hydrocarbon storage tank in Ras Laffan Industrial City.
Kazakhstan detains suspected oil thieves linked to Islamists
ASTANA (Reuters) -- Kazakhstan's state security service has detained several people suspected of stealing oil and fuel from a refinery and being linked to radical Islamists, it said on Wednesday.
Saudi's PetroRabigh restarts ethane cracker
DUBAI (Reuters) - Saudi Arabia's PetroRabigh said it restarted its ethane cracker after maintenance was completed, according to a bourse statement.
Business Trends: Global refining overview—Part 4
Throughout its overview series of the global refining industry, <i>Hydrocarbon Processing</i> has provided a look at the state of the refining industry, new project developments, demand outlooks for the refining sector and the move to low-sulfur fuels. The previous sections have taken a detailed look at the refining sectors of Asia-Pacific, North America and South America. This fourth and final installment analyzes major trends in Africa, Europe and the Middle East, and offers data on planned refinery capacity additions, upgrades and grassroots facilities.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
