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Sinopec starts giant Batan PT West Point Terminal project in Indonesia

Will Sinopec trigger Indonesia new refineries projects? The world largest refining company Sinopec from China has decided to build the largest oil storage terminal in Southeast Asia at the Batam Free Trade Zone in Indonesia. With a storage capacity of 16 million barrels of crude oil and refined products Sinopec is planning to invest $850 million …

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OOC and IPIC approved financing for Oman Duqm Refinery

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 …

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