Middle East
ADNOC, Borealis to extend and expand joint petchem activities in Ruwais
ABU DHABI, UAE — The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement, under which the companies will advance two key projects that will expand both ADNOC and Borealis downstream petrochemicals business and support the delivery of ADNOC’s integrated smart growth and partnership strategy.
VTTI acquires 51% interest in a greenfield terminal project in Pakistan
VTTI B.V., a global independent provider of energy storage, announced its acquisition of a 51% ownership interest in a 233,400 m³ greenfield project in Pakistan.
Amarinth delivers vertical sump pumps for ADNOC JV petchem plant in Abu Dhabi
Amarinth, a company specializing in the design, application and manufacture of centrifugal pumps and associated equipment to the Oil & Gas, petrochemical, chemical, industrial and power markets, has delivered two bespoke super duplex API 610 VS4 vertical sump pumps to Descon Engineering for the Borouge petrochemicals complex in Ruwais, Abu Dhabi.
ADNOC stalls diesel term talks because of fuel uncertainty after Qatar spat
SINGAPORE (Reuters) — Abu Dhabi National Oil Company (ADNOC) has temporarily halted talks with buyers for its long-term diesel contracts because of concerns it may need the fuel in case of the loss of natural gas supplies from Qatar, industry sources said on Wednesday.
Asian refiners tweak their Qatar oil loadings to side-step Gulf spat
SINGAPORE/SEOUL (Reuters) — Asia's oil refiners are adjusting their shipping arrangements for loading Qatari crude to side-step the diplomatic spat between Doha and other Middle East nations, including top Gulf oil producers Saudi Arabia and the United Arab Emirates.
OPEC sees lower demand for its oil in 2018, points to surplus
LONDON (Reuters) — World demand for OPEC's crude will decline next year as US shale producers and other rivals pump more, OPEC said on Wednesday, suggesting the oil market will see a surplus in 2018 despite an OPEC-led output cut.
Iran sees oil output rising to 4 MMbpd by year end
ISTANBUL (Reuters) — Iran's oil output will rise to around 4 MMbpd by the end of the year, an Iranian oil official said on Wednesday as the OPEC member tries to ramp up production after years of international sanctions.
Frames to supply acid gas treatment unit for CB&I, CTCI JV
ALPHEN AAN DEN RIJN, The Netherlands — Frames was awarded an order from CB&I and CTCI to design and supply an acid gas treatment unit for the Liwa Plastics Industries Complex (LPIC) in the Sultanate of Oman.
Saudi Aramco to meet Asia demand for August crude in full
SINGAPORE/NEW DELHI (Reuters) — Saudi Aramco will meet the full August crude oil requirements of its customers in India and southeast Asia as well as four of its North Asian buyers, several sources with knowledge of the matter said on Tuesday.
Aramco, Dow JV starts propylene glycol plant
KHOBAR, Saudi Arabia (Reuters) — Sadara Chemical Co, a $20 B JV between Saudi Aramco and US firm Dow Chemical, has started production at its propylene glycol plant, moving closer to full operation of the JV's petrochemicals complex.
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