Middle East
Saudi energy minister says may extend oil output cuts beyond 2017
KUALA LUMPUR (Reuters) -- Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC-led deal to cut output during the first half of the year to be extended to all of 2017.
Iraq loading first crude oil cargo for Egypt under new deal
BAGHDAD (Reuters) -- Iraq's oil ministry said on Thursday it had started loading a tanker with 2 MMbbl of crude oil bound for Egypt, marking the first shipment under a bilateral agreement.
Iraq calls for bids for new oil refinery in Basra
BAGHDAD (Reuters) -- Iraqi's oil ministry on Thursday asked foreign companies and investors to bid for a project to build and operate a 300,000-bpd export-oriented refinery in Fao, near the southern city of Basra.
TechnipFMC awarded EPC contract for sulfate reduction plant in Abu Dhabi
LONDON, PARIS, HOUSTON — TechnipFMC has been awarded by Zakum Development Company an Engineering, Procurement and Construction contract for a sulfate reduction plant on West Island located offshore Abu Dhabi, United Arab Emirates (UAE).
Saudi Aramco to dilute stake in Dow JV via IPO
ABU DHABI (Reuters) -- National oil firm Saudi Aramco plans to cut its stake in Sadara Chemical Co, a joint venture with US company Dow Chemical, via an initial public offer of shares, Sadara chief executive Ziad al-Labban said on Wednesday.
Iraq's fuel oil exports soar despite OPEC supply cut
DUBAI (Reuters) -- Iraqi fuel oil exports have soared since January despite a reduction in the country's crude production in line with OPEC supply cuts, industry sources said, in what could be a way to boost output of refined products and maintain oil revenues.
India cuts oil import plans from Iran by a quarter over gas field row
NEW DELHI (Reuters) -- India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term purchase deals over a row between New Delhi and Tehran on development of a natural gas field.
Equipment critical analysis: The need for an effective maintenance program
Oil refineries and large petrochemical plants contain thousands of pieces of process and utilities equipment that are subject to wear, erosion, deterioration, aging, etc., resulting in increasing breakdowns and outages. Imagine being a maintenance engineer and receiving 50 work orders during an overhaul with a limited budget, time, labor, spare parts, tools, machines, etc. How does that engineer prioritize the work?
Root cause analysis on bearing failure on an induced draft fan
This case study aims to provide the root cause analysis behind bearing failure of an induced (ID) fan at a new refinery startup in 2015.
Automation Strategies: Adopting the IIoT: How the industry needs to rethink IT and OT relationships
For the connected enterprise, what was once just a futuristic ideal is now becoming a reality. Step by step, organizations are beginning to put together the pieces of the Industrial Internet of Things (IIoT).
- 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
