integrated refinery and petrochemical complex
CNOOC and Petronas to acquire Nexen and Progress On December 7th, 2012, Canada Prime Minister John Harper announced the approval for two national oil companies China National Offshore Oil Company (CNOOC) and Petronas from Malaysia to acquire respectively: – Nexen Inc. (Nexen) – Progress Energy Resources Corp. (Progress) For Nexen, CNOOC is ready to pay $15.1 […]
Total to convert Antwerp naphtha cracker to ethane Total announced during investor day, that he will spend $1.5 billion capital expenditure to adapt its Antwerp refinery and petrochemical complex to the market conditions. With a capacity of 350,000 b/d, Antwerp is the second largest refinery in Europe and the largest in Total including: – 348,000 […]
The world largest publicly traded oil and gas company Based in Irving, near Houston, Texas, USA, Exxon Mobil Corporation (ExxonMobil) is listed in NYSE (XOM) and recognized as the world largest publicly traded international oil and gas company. ExxonMobil holds the largest oil and gas resources among the international oil companies (IOC) with 87 billion […]
BASF FINA Petrochemicals LP and Sabina Petrochemicals to merge into one joint venture The global chemical leader BASF SE, from Germany, and the international oil company Total SA, from France, have decided to merge the assets of the two joint ventures they have in Port Arthur, Texas, USA, to create a new joint venture called […]
$1.6 billion to build Taizhou Refinery and Aromatics China National Offshore Oil Corporation (CNOOC), China’s third National Oil Company (NOC), has decided to build a new integrated refinery and petrochemical complex in Taizhou, Jiangsu province, in east China. The new refinery would process heavy crude oil pumped from China’s Bohai Bay, off north China, the […]
Definition Brownfield refers to project of expansion or revamping or services on an existing facility By opposition greenfield is the common word to describe a new project. Comments In that respect a brownfield investment covers also the situation where a company or government entity purchases or leases existing production facilities to launch a new production activity. This is one […]
Saudi Aramco and Sumitomo evaluate FEED tenders When Saudi Aramco and Sumitomo had created the joint venture PetroRabigh in 2005, this complex was designed as the biggest integrated refinery and petrochemical complex in the World. With a capacity of 400,000 b/d crude oil PetroRabigh has seen several upgrades and expansions. The Front end engineering and design […]
$4 billion for first Brunei Refinery & Aromatics complex Zhejiang Hengyi Petrochemicals co.ltd (Zhejiang Hengyi) is the largest polyester fibers manufacturer in China. Founded in 1994 it is a privately owned company. Zhejiang Hengyi is planning to build an integrated refinery and petrochemical complex at Pulau Muara Besar in Brunei Darussalam with the country’s first aromatics production facilities, the chemical-fibers production units. […]
