joint venture
Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene rubber (NBR) and isoprene rubber […]
Fujairah refinery, a strategic project for the UAE International Petroleum Investment Company (IPIC) is moving ahead with the crude oil refinery project to be located at Fujairah, UAE. The Fujairah refinery, should have a capacity of 10.0 million t/y or 200,000 b/d. IPIC estimated the capital expenditure at $ 3 billion. The Fujairah refinery project should be […]
Definition GES+ is the acronym of General Engineering Services Plus. General Engineering Services Plus is an initiative led by Saudi Aramco to increase the local content of the engineering activities in Saudi Arabia Comments Saudi Aramco’s General Engineering Services Plus (GES+) initiative requires that the majority of its engineering services requirements be conducted in the Kingdom of Saudi Arabia in order […]
Saudi Kayan, Sabic, Saudi Aramco, Dow, Sahara and Tasnee aligned to tender EPC Contract In January 2011, Saudi Kayan Petrochemical had signed a deal for equal partnership to build a new n-butanol (NBA) plant at Al Jubail Industrial City. The deal was signed between Saudi Kayan, Saudi Acrylic Acid Co (SAAC) and Sadara, the Saudi Aramco-Dow […]
Gazprom to study underground gas storage in China Last May, China and Russia had terminated lengthy negotiations on their natural gas trading prices to drive the constructions of multiple gas pipelines between the two countries. China had made its best efforts to increase its offer from $0.235 per cm to $0.250 while Russia was ready to accept $0.300 per cm instead of $0.350. But the […]
Granherne and Doris complete pre-FEED The GDF Suez Bonaparte is a $3.7 to $4.6 billion Floating LNG project to liquefied the natural gas from the Petrel, Tern and Frigate fields in the Bonaparte Basin, in the Timor Sea, 250 kilometres west of the northern Australian city of Darwin. GDF Suez Bonaparte is a joint venture created in 2009 […]
Shell and Mitsubishi to gather gas from Basra oil fields The Iraq Government has given its nod to the natural gas exploration deal signed between Shell from the Netherlands and Japan’s Mitsubishi Corporation (Mitsubishi). The project, which requires capital expenditure of around $17.2 billion, was initially signed in 2008. The joint venture, Basra Gas Company (BGC) is state-controlled […]
Jacobs collects awards in Saudi Arabia giant projects In May, Jacobs Engineering Group Inc. (Jacobs) had been awarded the Front End Engineering and Design (FEED) for the $6 billion Ma’aden Phosphate city project. Then in June, Jacobs announced to have won the engineering, procurement and construction management (EPCM) contract for three polyethylene trains for the […]
