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Petrochemicals


BP to Expand Its Petrochemical Presence in Korea
KR >> 1/9/2019 - BP and Lotte have agreed a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea. ...
Iran Petchem Output beyond 100 mt/y by 2025
IR >> 1/2/2019 - The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would cross 100 million tons per year once the sector completed its under-construction projects by 202...
Iran to Boost Investment in India
IN >> 1/2/2019 - Iran will invest about 15 billion rupees to expand a refinery run by Chennai Petroleum Corp. in south India, the company’s managing director said, amid U.S. sanctions on the Persian Gulf nation that h...
RIPI Joins Refinery Project in Qeshm
IR >> 12/30/2018 - The Research Institute of Petroleum Industry (RIPI) has signed an agreement with a private company to join a refinery project in Qeshm Free Trade Zone. The deal is aimed at cooperating in investing, d...
First Phase of Heydar Aliyev Refinery Modernization Completed
AZ >> 12/21/2018 - • The first phase of the modernization project has been finished with the launch of a new bitumen plant and gas filling station. ...
Petrogress Announces Partnership with Deliman Oil
GH >> 12/12/2018 - Petrogress, Inc. announces that its Petrogress Int’l, LLC (“PIL”) subsidiary has entered into a Partnership Agreement with Deliman Oil Company Limited, a Ghanaian corporation (“Deliman”) to jointly fo...
Tap and Mubadala Sign New Offtake Agreement for Manora Oil Field
TH >> 12/14/2018 - Tap Oil Limited has announced that a new offtake agreement has been signed in relation to the marketing of crude from the Manora oil field, offshore Thailand, at a slightly improved price premium to c...
Signing an Agreement to Fund Tahrir Petrochemical Complex
Signing an Agreement to Fund Tahrir Petrochemical Complex EG >> 12/10/2018 - Prime Minister Mostafa Madbouli attended the signing ceremony of a 1.25-billion-dollar agreement between Egypt's Carbon Holdings Co. and the Africa Finance Corporation to fund the Tahrir Petrochemical...
Oil & Gas Authority Awards its First Carbon Capture Storage Licence
UK >> 12/6/2018 - The Oil and Gas Authority has awarded its first carbon dioxide (CO2) appraisal and storage licence as an independent regulator. ...
KBR Awarded Ammonia Plant Revamp Contract in India
IN >> 11/28/2018 - KBR, Inc. (KBR) has been awarded a contract to supply proprietary equipment to Southern Petrochemical Industries Corporation Ltd. India for its plant located in Thoothukudi in the State of Tamil Nadu....
Omsk Refinery to Receive Domestic Large-Scale Equipment
RU >> 11/20/2018 - The Gazprom Neft Omsk Refinery has concluded an agreement with Izhorskskiye Zavody (a machine-building enterprise, part of the OMZ Group) for the production of large-scale equipment for construction o...
Gazprom Neft’s Direct Aviation Fuel Sales in Russia Are up 13% Year-On-Year
RU >> 10/31/2018 - Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has retained its market-leading position in terms of direct sales on Russia’s domestic aviation refuelling market in 9M 201...
Sonatrach & Citic Company Sign $6B Agreement for Building Phosphate Complex
Sonatrach & Citic Company Sign $6B Agreement for Building Phosphate Complex DZ >> 11/26/2018 - A partnership agreement between the Sonatrach and Asmidal-Manal groups, and the Chinese groups led by the Citic Company to carry out an integrated project for the exploitation and transformation of ph...
ADNOC & Mubadala to Jointly Explore Global Investment and Growth Opportunities
AE >> 11/14/2018 - The Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) signed a framework agreement to explore together potential global growth opportunities that build on Mubadala’s di...
SOCAR to Operate 9 fuel Stations at the New Istanbul Airport
AZ >> 11/23/2018 - SOCAR, the largest foreign investor in Turkey, was awarded a contract for nine fuel stations at Istanbul Airport, which will be the world's largest airport after completion. ...
MoU for the Long Term Supply and Purchase of Molten Sulphur Signed
CN >> 11/22/2018 - Marubeni Corporation (Marubeni) signed a Memorandum of Understanding (MOU) regarding the long term supply and purchase of Molten Sulphur with Hubei Harvin (Group) Chemical Co., Ltd. (hereinafter, “Hub...
Kuwait's Fifth Refinery to Cost $5-$6Bln
KW >> 11/6/2018 - Kuwait's fifth refinery will cost $5 bln to $6 bln, Hatem Al-Awadhi, Kuwait Integrated Petroleum Industries Company (KIPIC)Hatem Al-Awadhi said in remarks carried by al-Qabas newspaper. ...
SP20-21; Liquid Gas Reservoirs Exploited
IR >> 10/29/2018 - In order to complete the value chain of the phases 20-21, liquid gas reservoirs started being exploited by gas entry to the butane reservoirs. The exploitation was carried out by the use of processing...
Egypt's Midor Refinery Agrees $1.2B Loan with 3 International Banks
Egypt's Midor Refinery Agrees $1.2B Loan with 3 International Banks EG >> 10/31/2018 - Egypt’s state-owned Middle East Oil Refinery Company (Midor) has signed a $1.2 billion loan agreement with three international, the petroleum ministry said in a statement. ...
Aramco Expands Presence in China Refining Market with Signing of MOU with Zhejiang Petrochemical
CN >> 10/19/2018 - Saudi Aramco recently signed an MoU with Chinese Zhejiang provincial government during the 2nd International Petroleum and Natural Gas Enterprises Conference (IPEC), to acquire a share of Zhejiang Pet...
SOCAR’s Giant Investment Project - STAR Refinery Launched
TR >> 10/19/2018 - SOCAR, the largest direct foreign investor in Turkey, launched its $6.3-billion SOCAR Turkey Aegean Refinery - STAR Refinery, which will provide a large portion of oil products demand in the local mar...
Brazil's Petrobras & China's CNPC Sign Accord Advancing JV
BR >> 10/16/2018 - Brazilian state-run oil firm Petroleo Brasileiro SA and a subsidiary of China National Petroleum Corp (CNPC) have signed an agreement to study the economic viability of completing construction of the ...
Total Opens its New State-of-the-art Lubricants Oil Blending and Production Plant
RU >> 10/15/2018 - Total has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation. The grand opening ceremony took place today, October...
Bottom of the Barrel Technology – A key Solution for Middle East Refiners
Bottom of the Barrel Technology – A key Solution for Middle East Refiners BH >> 10/15/2018 - Residue Upgrading is increasingly recognised as a key solution to the pressing challenge of meeting the growing market for cleaner fuels, the gradual substitution of heavier feedstock and the decreasi...
Journalists at the TANECO Complex
RU >> 10/12/2018 - Dmitry Vorobyov, General Director of PJSC OMZ, and Yury Gordienkov, General Director of PJSC Izhorskiye Zavody, visited the TANECO Complex on October 11 in the framework of the journalists’ team press...
SOCAR & BP Explore the Creation of a New Petrochemicals Joint Venture in Turkey
TR >> 12/20/2018 - BP and SOCAR Turkey have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey. ...
ADNOC, Cepsa Award Engineering Contract to Spain's Tecnicas Reunidas
ADNOC, Cepsa Award Engineering Contract to Spain's Tecnicas Reunidas AE >> 12/18/2018 - The Abu Dhabi National Oil Company (ADNOC), and its project partner Cepsa, have announced the awarding of a key contract, as both companies move forward with plans to develop a world-scale Linear Alky...
McDermott Awarded Two Polypropylene Technology Contracts
IN >> 12/18/2018 - McDermott International, Inc. has been awarded two sizeable* technology contracts by Indian Oil Corporation Ltd. (IOCL) for the license and basic engineering design of a 200 KTA polypropylene plant in...
Petroleum Ministry & Schlumerger Int'l Company Ink 3 MoUs
Petroleum Ministry & Schlumerger Int'l Company Ink 3 MoUs EG >> 12/14/2018 - Minister of Petroleum Tareq el Mulla and Chairman and CEO of Schlumberger Paal Kibsgaard witnessed the inking of three memorandums of understanding for cooperation in the fields of training, workplace...
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession AE >> 12/9/2018 - The Abu Dhabi National Oil Company (ADNOC) announced the four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Pet...
Hanwha Total Petrochemical Invests in a New Polypropylene Plant
KR >> 12/3/2018 - Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly $500 million to further expand its Daesan integrated refining and petrochemical complex in South Korea. T...
Yokogawa & Sphera Reach Agreement to Provide Risk Assessment
JP >> 11/28/2018 - Yokogawa Electric Corporation announces that it has reached a go-to-market agreement with Sphera Solutions, Inc., a leading provider of integrated risk management software and information services foc...
Proman Increases Trinidad and Tobago’s Natural Gas Supply
TT >> 11/21/2018 - DeNovo delivers first commercial supply of natural gas from Iguana Field after more than 30 years of remaining undeveloped. ...
Rotork’s CMA Range Expands for Improved Control Valve Automation
UK >> 11/22/2018 - Rotork has extended its CMA range of compact modulating actuators with new sizes specifically designed for reliable automation of larger linear control valves. The new actuator is capable of a maximum...
Chevron Announces Oil & Gas Production in Deepwater Gulf of Mexico
US >> 11/21/2018 - Chevron Corporation (CVX) announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located app...
Ineos in Talks to Buy ConocoPhillips North Sea Assets
UK >> 11/18/2018 - British petrochemicals company Ineos is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company, the Sunday Times newspaper reported, w...
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala EG >> 11/12/2018 - The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi,...
Supreme Petroleum Council Approves ADNOC’s 2019-2023 Business Plan
Supreme Petroleum Council Approves ADNOC’s 2019-2023 Business Plan AE >> 11/4/2018 - Abu Dhabi’s Supreme Petroleum Council (SPC) approved the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per...
Total Reaffirms Plans for LNG Bunkering Scheme
OM >> 10/30/2018 - Global energy giant Total envisions a significant place for Oman in its expanding portfolio of LNG related investments that provide liquefied natural gas as bunker fuel for merchant ships, particularl...
SIBUR & SG-trans Set up a JV for Petrochemicals Transportation
RU >> 10/31/2018 - SIBUR, Russia’s largest integrated petrochemicals company, and SG-trans, one of the country's major railway operators, have set up Petrochemicals Transportation Company (NKhTK), a liquefied petroleum ...

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