Middle East
OPEC achieves 82% of pledged oil output cut in January
LONDON/DUBAI (Reuters) -- OPEC's oil output is set to fall by more than 1 MMbpd this month, a Reuters survey found on Tuesday, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years.
Algeria to open bids for petrochemical plants for $6 B
ALGIERS (Reuters) -- Algeria's state energy firm Sonatrach on Monday launched invitations for international engineering firms to bid on four major petrochemical plants worth a total of up to $6 billion, a source at state energy firm Sonatrach told Reuters.
AL WAHA Petchem to use Honeywell’s IIoT technology to improve plant performance
DES PLAINES, Ill., -- Honeywell announced that it will provide its IIoT-based Connected Performance Services (CPS) offering to AL WAHA Petrochemicals Company to explore possibilities of maximizing propylene production.
Iran's oil exports to rise slightly in February
TOKYO (Reuters) -- Iran's monthly oil exports are set to climb slightly in February, as Indonesia takes its first shipment since sanctions on Tehran were lifted last year, a person with knowledge of Iran's tanker loading schedule said.
OPEC cuts will not impact Saudi oil supply to Japan -Saudi official
TOKYO (Reuters) -- Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year's agreement between OPEC and non-OPEC countries to cut output, a senior official of the kingdom said on Thursday.
India to fill Mangalore strategic reserve with UAE oil
NEW DELHI (Reuters) -- India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf nation to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi's strategic reserve system.
Russia beats Saudi Arabia as China's top crude oil supplier in 2016
BEIJING (Reuters) -- Russia overtook Saudi Arabia in 2016 to became China's biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese "teapot" refineries.
Petrotechnics technology selected for Aramco Jazan refinery
DAMMAM, Saudi Arabia – Petrotechnics, the developer of Proscient – the hazardous industries’ first software platform for Operational Excellence – has been selected by Accenture to deliver its solution for Saudi Aramco’s new Jazan refinery complex. Proscient will be implemented as part of Saudi Aramco’s integrated manufacturing operations management system (imoms) to reduce risk, improve productivity and lower costs.
Shell to sell stake in Sadaf Chemicals JV in Saudi Arabia to SABIC
Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF JV, located in Jubail, Kingdom of Saudi Arabia for $820 million. The SADAF joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 million metric tons per year. This announcement marks an early termination of the joint venture agreement which was due to expire in 2020.
Saudi Arabia crude exports rise to 8.258 MMbpd in November
DUBAI (Reuters) -- Saudi Arabia's crude oil exports in November rose to 8.258 MMbpd from 7.636 MMbpd in October, official data showed on Thursday.
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