One day – One Project
Huntsman and Sinopec Jinling to invest $750 million The Texas-based chemical company Huntsman Corporation (Huntsman) and the Sinopec Jinling Petrochemical Corporation (Sinopec Jinling) have decided to form a joint venture to build and operate a greenfield world-scale Propylene Oxide (PO) and Methyl Tertiary Butyl Ether (MTBE) plant in Nanjing, in the Jiangsu Province, China. Huntsman […]
Pemex awards Litoral A series of offshore platforms In October 2012, the national oil company Petroleos Mexicanos (Pemex) selected Dragados Offshore from Spain for the Compresion Alta Litoral A (CA Litoral A) project. This CA Litoral A project is part of the Litoral A Pemex‘s program to develop recent oil discoveries in the shallow waters of […]
Samsung submitted the lowest bid on Luberef refinery Saudi Aramco and Jadwa Investment are reviewing the final technical and commercial offers submitted by the engineering companies for the engineering, procurement and construction (EPC) contracts of the Luberef Yanbu Lube Oil Refinery Expansion. Estimated to require $1 billion capital expenditure, this Luberef Yanbu Lube Oil Refinery Expansion project was tendered […]
Genel to export Kurdish Iraq natural gas to Turkey Genel Energy is considering a $2.5 billion gas central processing facility to turn Miran gas field into production. The Miran natural gas field is located in the Kurdistan Region in Iraq and had been awarded through a production sharing contract (PSC) by the Kurdistan Regional Government (KRG) […]
Sinopec to take shares in Russia Sibur’s facility On October 2012, China Petroleum and Chemical Corporation (Sinopec) and the Russian company Sibur signed Heads of Agreement to sell to the Chinese company shares of the Krasnoyarsk Synthetic Rubbers Plant JSC (KSRP). Sinopec is the second largest Chinese national oil company after PetroChina (CNPC) and among the Top 10 largest […]
PTTEP to join ExxonMobil, Total and Pertamina On October 20th, 2012, the Director of the Oil and Gas at the Indonesian Ministry of Energy and Mineral resources confirmed that the Thai national oil company, PTTEP, has been selected to replace the leaving Malaysian Petronas from the partnership. In the competition, to take the seat left by […]
Giant Filanovksi project to open Caspian Sea to Lukoil In October Lukoil organized a welcome reception dedicated to the selected contractors for the Vladimir Filanovsky field development project in the north of the Caspian Sea. With $3.5 billion capital expenditure, the Filanovsky project is strategic for Lukoil as it opens a $22 billion campaign of […]
Mellitah Oil and Gas to pre-qualify for Basic and FEED On October 14th, 2012, the joint venture Mellitah Oil and Gas (MOG) between Eni from Italy and the Libyan National Oil Company (NOC) closed the submission period for the pre-qualification of the engineering companies to provide basic design and front end engineering and design (FEED) work […]
