Business model
Saudi Aramco to develop Jizan Port and Power plant In order to ensure the development of the $7 billion Jizan refinery in the south of Saudi Arabia and its commercial operations expected to start in 2016, the Kingdom of Saudi Arabia has decided to concentrate in the hands of the national oil company, Saudi Aramco, […]
Ineos-UOP to provide MTO technology license The Chinese Jiangsu Sailboat Petrochemical Company Ltd (JSPCL) selected the Ineos and Honeywell’s UOP technology for its world-scale methanol-to olefin (MTO) project planned at Lianyungang, in the north of the eastern province of Jiangsu in China. JSPCL belongs to the large Jiangsu Shenghong Group, listed among the top 500 Chinese […]
RiCoal selected Rostov for its Petrochemical complex The Russian joint venture RiCoal Chemical Coal Plant (RiCoal) is planning to build a world-scale Coal-to-Olefin and petrochemical complex in Rostov-on-Don in the south of Russia. Estimated to require $2.5 billion capital expenditure, RiCoal selected Rostov-on-Don location because of available coal and natural gas available in the region and […]
After years delay Tullow wants Kudu money back After years of uncertainty and delays, the London-based Tullow Oil plc (Tullow) and its partners, Itochu Corporation (Itochu) from Japan and the National Petroleum Corporation of Namibia (Namcor), are decided to move the Kudu Gas-To-Power project ahead in Namibia. Located 130 kilometers offshore the Namibia coast, the […]
Ethydco selected Toyo and ENPPI for Alexandria PE The local Egyptian Ethylene and Derivatives Company (Ethydco) selected Toyo Engineering Company (Toyo) from Japan and the Egyptian Engineering for the Petroleum and Process Industries (ENPPI) company to build the largest polyethylene plant in Egypt. With a capacity of 400,000 t/y of polyethylene, this greenfield unit is […]
BP and partners voted Greater Clair Appraisal Program In March 2013, BP and its partners Chevron, ConocoPhillips and Shell decided to push back the horizon of the UK offshore Clair field beyond 2050 in voting for the appraisal program to eventually lead to the third phase of development of the field as Greater Clair standalone […]
Dow to pioneer Argentina first shale gas pilot project The Dow Chemical Company (Dow) from USA and the Argentina national oil company YPF signed a memorandum of understanding (MOU) to develop shale gas in the giant deposit of the Vaca Muerta in the eastern Province of Neuquen. For Dow, the control of the natural […]
Saipem won EPC contract for Nigeria Edo fertilizer Based in Lagos, Nigeria, the Dangote Group (Dangote) has selected the Indian Tata Consulting Engineering company as project manager consultant (PMC) for its Edo Fertilizer project in Nigeria. Estimated to require $1.9 billion capital expenditure, this Edo Fertilizer project is given as to build the largest Fertilizer plant in Africa. […]
