Middle East
Iraq wants to reopen old Saudi crude exports pipeline
DUBAI (Reuters) — Former Iraqi oil minister Ibrahim Bahr Al Olum said it was necessary for Iraq to regain an old pipeline that used to export Iraqi crude through Saudi Arabia, Saudi-owned Al Hayat newspaper reported on Thursday.
KBR signs agreement with Saudi Aramco to expand in-kingdom localization efforts
HOUSTON — KBR, Inc. has entered into a Memorandum of Understanding (MoU) with Saudi Aramco to expand and develop KBR's services for Saudi Aramco in line with the Kingdom of Saudi Arabia's (KSA) localization objectives.
OPEC expects laggards to comply more fully with oil cut pact
DUBAI/LONDON (Reuters) — OPEC expects greater adherence to its pact with non-OPEC producers to cut oil output after two days of meetings in Abu Dhabi aimed at boosting compliance with the accord.
Saudi Arabia cuts crude oil allocations in Sept by more than its OPEC pledge
DUBAI/SINGAPORE (Reuters) — Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 bpd, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in a global supply glut.
South Korea's SK E&C signs $1.6 B deal to modernize Iran oil refinery
SEOUL (Reuters) — South Korea's SK Engineering & Construction said on Sunday it had signed a deal with Iran's Tabriz Oil Refining Company worth $1.6 B to renovate the Iranian company's refinery facility.
Petrofac JV awarded $2-B refinery contract in Oman
(Reuters) — Petrofac Ltd said Oman's Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to the British oilfield services company's 50:50 JV with Samsung Engineering, sending its shares up as much as 9.5%.
OPEC supply-cut compliance runs up against ire over country targets
DUBAI/LONDON (Reuters) — OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017, but with laggards Iraq and the UAE yet to show how they can meet their prescribed targets, sources say a refocusing on exports may be the key to further progress.
Iran's oil exports to China to rise to 11-month high in August
TOKYO/SINGAPORE (Reuters) — Iran's oil exports to China may rise to the highest in 11 months in August as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter said on Thursday.
Azerbaijan's oil shipments via Russia jump to 818,664 t in Jan–July
BAKU (Reuters) — Azerbaijan's oil shipments via Russia jumped to 818,664 t in January–July this year from 559,065 t in the same period last year, state oil company SOCAR said on Tuesday.
Israel's Haifa Chemicals says it is closing business
JERUSALEM (Reuters) — Haifa Chemicals said on Wednesday it was closing shop and letting go of its 800 employees after failing to find a reasonable alternative to a large ammonia tank it needs to function which was ordered to be shut down earlier this year.
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- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
