Middle East
Industry Metrics
Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.
Aramco JV to shut ethane cracker for 21 days
Saudi Arabia's Rabigh Refining and Petrochemical Co. will shut its ethane cracker for 21 days effective from November 14 for maintenance.
KBR, SOCAR JV awarded second program management contract in Azerbaijan
KBR, Inc.’s JV with SOCAR was awarded a second program management consultancy contract for the Azerikimya Production Union of the State Oil Company of Azerbaijan.
Kuwait Petroleum to invest in Oman Oil’s Duqm refinery
Oman Oil Company and Kuwait Petroleum Corp. have signed a memorandum of understanding (MOU) to cooperate in the development of Duqm Refinery and Petrochemical Complex in the Duqm Special Economic Zone in Oman’s Al Wusta Governorate.
ExxonMobil launches Mobil Serv Lubricant Analysis in Middle East oil and gas sector
ExxonMobil has launched Mobil Serv Lubricant Analysis, a next generation used oil analysis service, which replaces ExxonMobil’s Signum Oil Analysis.
Technip awarded contract for modernization of SOCAR Azerikimya petrochemical complex
SOCAR has awarded Technip a contract for engineering, procurement and construction (EPC) services for the SOCAR Azerikimya plant, located in the city of Sumgait, Azerbaijan.
Saudi Aramco acquires Novomer’s polyol business and associated technologies
Saudi Aramco has acquired the Converge product line and associated operations and technologies from US-based Novomer Inc.
MAN Diesel & Turbo, Hyundai Engineering complete power plant expansion for Attock Refinery
MAN Diesel & Turbo and Hyundai Engineering have completed the extension of a power plant in Pakistan for Attock Refinery Ltd.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Saudis, Mideast producers vie for China's teapot crude imports
Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms.
- OCI Global completes $1.9-B sale of OCI Methanol to Methanex Corporation 6/30
- Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative 6/30
- Univation Technologies and C3 AI collaborate to deliver enterprise AI solutions for advanced predictive maintenance across the global petrochemical industry 6/30
- Lloyd’s Register signs strategic collaboration with DAI Infrastruktur for green ammonia Project Ra 6/30
- Alleima expands product portfolio for the urea industry with SAF™ 2906 6/30
- UK's Lindsey oil refinery insolvent, 420 jobs at risk 6/30
