Middle East
Egypt plans to end fuel subsidies within three years
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65% of their actual cost during the 2016/17 fiscal year.
RasGas delivers first LNG cargo to Toscana FSRU
RasGas shipped its first LNG cargo to the floating storage regasification unit in Toscana, Italy.
Saudi's Sipchem says production back to normal
A technical problem at Sipchem’s International Gases Co. unit, which had disrupted operations at two other units since mid-August, had been resolved and production was back to normal.
Petrofac, Tecnicas Reunidas likely to win Saudi Aramco deals
British oilfield services company Petrofac and Spain's Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants.
Technical issues at Sipchem’s IGC plant reduce operating capacity
A technical issue at a carbon monoxide plant owned by Sipchem led to reduced capacity at plants that use the gas as a feedstock for their products.
Oman says new refinery capacity to cut crude oil exports
Oman's crude oil exports will drop by about 50 Mbpd when new refining capacity comes onstream in the northern city of Sohar by early 2017.
Porner begins construction of bitumen blowing unit at SOCAR’s Heydar Aliyev refinery
Austrian company Porner was awarded an engineering, construction and management (EPCM) contract for the construction of a new bitumen blowing unit at SOCAR’s Heydar Aliyev oil refinery.
ARC study names Implico a market leader of terminal automation systems in EMEA
International software and consulting company Implico remains a market leader of terminal automation systems in Europe, the Middle East and Africa (EMEA) region, according to the most recent market study conducted by ARC Advisory Group.
Siemens energizes high-voltage substations at KNPC’s Clean Fuels Project in Kuwait
Siemens has energized the high-voltage substations as part of a greenfield development under KNPC’s Clean Fuels Project at Mina Al Ahmadi (MAA) and Mina Abdullah (MAB) refineries in Kuwait, paving the way for a significant capacity boost and increasing power stability at the two facilities.
Eni reaches deal with Exxon on Mozambique gas project
Italian oil firm Eni has wrapped up long-running talks to sell a multi-billion dollar stake in its planned Mozambique LNG development to Exxon Mobil.
- 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
