greenfield refinery
KNPC NRP and PIC Al-Zour projects to be integrated The national oil company (NOC) Kuwait National Petroleum Corporation (KNPC) and its sister state-owned company Petrochemical Industries Corporation (PIC) are working on the integration of their respective giant projects, the New Refinery Project (NRP) on one side and the Al-Zour Olefins and Aromatics Plants projects on […]
Nigeria to restore refining capacities with private loans On September 4th 2013, the Nigeria private Dangote Group (Dangote) sealed a financial agreement with 12 banks for a $3.3 billion loan to build a greenfield refinery and petrochemical complex in Olokola in the south of Nigeria. With $8 billion capital expenditure, this $3.3 billion loan will […]
Ghana – Nigeria Key Projects and Business Highlights Around the Gulf of Guinea, Ghana and Nigeria appeared as the most active countries during the first half 2013 with upstream and downstream projects led by international and national companies such as Anadarko Petroleum (Anadarko), Eni, Ghana National Petroleum Corporation (GNPC), Kosmos Energy (Kosmos), Lekoil Ltd (Lekoil), Sabre Oil and Gas (Sabre), Total, Tullow Oil plc (Tullow), […]
Kingfisher to lead Lake Albert and refinery projects After resolving tax and refinery disagreements between Tullow Oil plc (Tullow) from UK, Total from France, the China National Offshore Oil Corporation (CNOOC) from China and the Uganda Government, the Kingfisher project is ready to take off. The Kingfisher project is to develop the previously called Block-3A […]
Dangote to invest $8 billion in new Nigeria refinery The Nigerian billionaire Aliko Dangote announced its project to build a greenfield new refinery in Nigeria in order to compensate current imports. Nigeria is the largest crude oil producer in Africa but is also one of the largest importer of fuels despite the largest installed base […]
KNPC awarded PMC contract to Foster Wheeler On December 23rd, 2012, the state-owned oil refiner Kuwait National Petroleum Co (KNPC) selected Foster Wheeler for the project management consultancy (PMC) contract of the multi-billion Clean Fuels Project (CFP). In Kuwait, the CFP project, as well as the New Refinery Project (NRP) were left on hold nearly four years […]
Technip/Shaw Energy and Chemicals to provide PMC The Oman State wholly-owned Oman Oil Company (OOC) and the Abu Dhabi sovereign fund International Petroleum Investment Company (IPIC) have approved the location and the financing for their joint venture Duqm Refinery and Petrochemical Industries Company (DRPIC) project. The joint venture Duqm Refinery and Petrochemical Industries Company (DRPIC) was established in June […]
