Middle East
UAE's ENOC to self-fund refinery expansion
Emirates National Oil Co. has decided it will self-finance the $1-B expansion of its Jebel Ali oil refinery.
Kuwait’s KNPC aims to finalize $5 B loan by Q1
Kuwait National Petroleum Co. expects to finalize a loan of well over $5 billion to finance its Clean Fuels project by the end of Q1 of next year.
Pakistan Refinery seeks loan to increase capacity
Pakistan Refinery is in talks with international banks over a potential syndicated loan to increase refinery capacity.
Royal Dutch Shell signs MOU with Iran's National Petrochemical
Royal Dutch Shell signed a preliminary memorandum of understanding with Iran’s National Petrochemical Co. for cooperation in the petrochemical industry.
Measure naturally occurring radioactive material in polypropylene plants
In the petrochemical industry, process plants often rely on radiation-based level and density detectors.
Use process knowledge management systems to accelerate innovation
The amount of stored digital data is doubling every two years, and the rate of data acquisition is close to exceeding our ability to process it and sort out what is valuable.
Qatar's Ras Laffan 2 condensate splitter to launch in October
Qatargas will start operations at its new Ras Laffan 2 condensate splitter by the end of October, doubling the Gulf state's capacity to process condensate.
Innovations
Where large machines are in use and the overall processes depend on a smoothly functioning plant, companies often rely on fixed maintenance schedules and diagnostic tools.
Global Project Data
New project announcements have hovered in the low teens for several months.
Industry Metrics
US gasoline demand contributed to falling inventories. Operational problems at several refineries and the potential impact of a tropical storm strengthened margins.
- OMV receives €450-MM loan from the European Investment Bank for its 140-MW green hydrogen production facility 7/13
- Poland's Unimot says it will supply crude to Germany's Schwedt refinery 7/13
- Hormuz traffic slows to two-month low as renewed U.S., Iran strikes raise safety risk 7/13
- Sinopec deepens aviation fuel push with CNAF restructuring 7/13
- Indian naphtha premiums surge as Gulf, Russian supply tightens 7/13
- Less than a month's supply: Europe's jet fuel stocks are wafer thin as Iran tensions flare 7/13
