Saudi Arabia
Definition Proven reserves is an industry term that means oil or gas that has been discovered and could be produced with today’s technology. Comments The world consumes about 89 million barrels of oil per day, or 32.5 billion barrels per year. The industry describes a field as giant if it has more 500 million barrels of […]
Saudi Arabia to switch on Power Generation from Gas With oil price running steadily around $100 per barrel, the use of crude oil to feed Power Generation appeared more and more as a luxurious solution. Saudi Aramco launched a vast exploration and production campaign to identify all potential gas fields to substitute oil. As a […]
Advanced and Bayegan to build a new PDH-PP plant Advanced Petrochemical Company (Advanced), a leading Saudi Arabia based producer of petrochemical products, and Bayegan Group (Bayegan), a Turkish international trading company, engaged in petroleum derivatives, petrochemicals and other commodities, announced the signing of a Memorandum of Understanding (MoU) for the development of a joint $ […]
Saipem submitted $600 million change order to Saudi Aramco The Wasit Gas Development Program represents $4.6 billion capital expenditure to build an onshore grass-roots Central Processing Facility (CPF) to process 2.5 billion cf/d of gas from the Arabiyah & Hasbah offshore fields and produce approximately 1.75 billion cf/d of sales gas. Offshore gas wellhead production […]
$1.5 billion Dorra offshore packages for bid next quarter The Dorra gas field is located in the so called Divided Zone between Saudi Arabia and Kuwait. According to the agreement signed in 1965 between the two countries, this Divided Zone results from the ex Neutral Zone, 300 km Northeast Dammam in Saudi Arabia and 130 […]
Definition Heavy crude oil and extra heavy crude oil is any type of crude oil which does not flow easily. Physically heavy crude oil have higher viscosity and density or specific gravity with an heavier molecular composition Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°. Extra Heavy crude oil have an API gravity […]
Luberef stands for the Saudi Aramco Lubricating Oil Refining Company created by Saudi Aramco and ExxonMobil. But since 2007, Luberef is a 70/30 joined venture between Saudi Aramco and Jadwa Investment to operate lube oil refineries in Yanbu and Jeddah. With Jeddah and Yanbu refineries, the total Luberef actual capacity runs around 550,000 t/y lubricants, […]
Sabic takes a decisive leap in breaking-ground for this $100 million capital expenditures in Technology Center in Kangqiao, close to Pudong Airport, east of Shanghai. This Technology Center will use 60,000 sqm in a brand new building to host 400 employees, including 200 scientists and engineers working in Research & Development. The purpose of this […]
