Transportation
Maaden awarded first EPC contract for Ammonia plant The Saudi Arabian Mining Company (Maaden) has awarded the first engineering, procurement and construction (EPC) contract of its giant Phosphates City Project to the South Korean engineering company Daelim Industrial. This first EPC contract is part of the $6 to $7 billion capital expenditure fertilizer project to be developed by the […]
Toyo-Setal awarded ComperJ hydrogen facility EPC The national oil company (NOC), Petroleo Brasileiro SA (Petrobras), selected the joint venture Toyo-Setal Empreendimentos Ltda (Toyo-Setal) to design and build the new hydrogen facility for the integrated refinery and petrochemical Complexo Petroquimico do Rio de Janeiro, the so called ComperJ project. To be located at Itaborai, in the State of […]
World Bank and European Bank for Reconstruction & Development to provide funding to reduce flared gas The World Bank and the European Bank for Reconstruction and Development (EBRD) are calling the oil companies and the producing countries to cut the gas flaring by 30% in the next five years. According to 2011 estimations, about 140 […]
Empowering the nation for generations to come The Abu Dhabi National Oil Company (ADNOC) is one of the world’s leading national oil companies (NOC) with substantial business interests in upstream, midstream and downstream activities, including transportation, shipping, marketing and distribution. ADNOC is part of the world Top 10 oil producing company. Established in 1971, ADNOC has 15 […]
ExxonMobil and Sabic to build a world scale synthetic rubber greenfield plant in Middle-East Al-Jubail Petrochemical Company (Kemya) is a 50/50 joint venture between Saudi Basic Industries Corporation (SABIC) and Exxon Chemical Arabia Inc., an affiliate of ExxonMobil Chemical Company. The two companies have collaborated closely since the joint venture was established in 1980, producing […]
Philadelphia Refinery to rely on Marcellus shale gas Last year Sunoco Inc (Sunoco) had announced to close the Philadelphia refinery in Pennsylvania, USA, on summer 2012 if no buyer could be found in the meantime. But the development of the shale gas in USA much faster than expected and in very competitive conditions offers a […]
China and India join forces in Exploration & Production Mr. Sudhir Vasudeva, Chairman and Managing Director (CMD) of the Oil and Natural Gas Corporation Ltd (ONGC) and Mr. Jiang Jiemin, Chairman of China National Petroleum Corporation (CNPC or PetroChina) signed a Memorandum of Understanding (MoU), on June 18, 2012 at New Delhi, India. This MoU signed between ONGC and […]
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 […]
