Despite increasing calls from climate activists, the Middle East is expected to commence over 600 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. Here is a list […]
refinery
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Saudi Aramco to supply full oil volumes to Asian refiners
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, Reuters reported, citing several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce its production […]
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India’s Infinite Mining to build new oil refinery in Sharjah
India’s Infinite Mining & Energy has leased a 200,000 square feet land plot from Sharjah’s Hamriyah Free Zone Authority (HFZA) to build a multifunctional oil refinery. The new facility will have a processing capacity of 10,000 barrels/day and an annual refining capability of up to 3.6 million barrels, HFZA said in a statement. No details […]
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Top 5 ongoing refinery projects in the Gulf region
These projects involving over $40 billion investments are likely to give a boost to the region’s refining and petrochemicals industry
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Unveiled: Iraq reveals details of new refinery megaproject
Iraq is planning to build an oil refinery in the Southern Faw Peninsula with a production capacity of 300,000 barrels per day (bpd), Zawya Projects reported on Monday, citing Iraq’s official news agency. The Oil Ministry is in touch with foreign firms for the project, which will be announced after an agreement is signed, it […]
Posted inDownstream
Saudi Aramco’s $10 billion refinery megaproject: Everything you need to know
Saudi Aramco’s joint venture Huajin Aramco Petrochemical Co (HAPCO) earlier this week broke ground on a $10 billion integrated refinery and petrochemical complex in Panjin city in China’s Liaoning Province. HAPCO is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%). Aramco announced earlier that the complex was expected […]
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Aramco announces construction of major refinery and petrochemical complex
Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, Aramco announced today. Huajin Aramco Petrochemical Co (HAPCO), which is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is developing the complex […]
Posted inDownstream
NNPC signs $741 million refinery deal with Daewoo
According to the deal, the South Korean firm will restore Kaduna plant to 60% capacity
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Top 5 oil and gas contracts in the Middle East: January 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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Uganda to make final investment decision on $4 billion refinery
Uganda is expected to make a final investment decision for its oil and gas refinery project in June with plans to begin production by 2025, Zawya reported, citing Minister for Energy and Mineral Development Ruth Nankabirwa. Albertine Graben Refinery Consortium, which won the contract for the refinery, is currently performing environmental and social impact assessments. […]
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