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Petrochemicals


QP Signs 5-Year Light Naphtha Sale Agreement with Marubeni Corporation
QA >> 2/13/2019 - Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to supply Japan’s Marubeni Corporation an annual total ...
Petchem Projects Launched in Khuzestan
IR >> 2/6/2019 - The governor of Khuzestan Province, southwestern Iran, inaugurated two petrochemical projects in Mahshahr Petrochemical Especial Economic Zone (PETZONE). The projects, namely Ehda Polymer Pak and Exir...
Iran Recoverable Oil Reserves at 160bn Barrels
IR >> 2/6/2019 - Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels. ...
South Pars Plans to Inaugurate by Late February 2019
IR >> 2/8/2019 - The new refineries of South Pars gas field will be officially inaugurated by the late February, Iran’s Oil Minister Bijan Namdar Zanganeh announced in a press conference on Tuesday. On the occasion of...
KBR Awarded Contract For Refinery Debottlenecking Project in Saudi Arabia
SA >> 2/4/2019 - KBR, Inc. (KBR) has been awarded a contract by SATORP (a joint venture between Saudi Aramco and Total) to debottleneck Train 2 of its existing 440,000 barrels per day refinery in Jubail, Kingdom of Sa...
3rd Distillation Unit of Isfahan Oil Refinery to Come Online
IR >> 1/28/2019 - The CEO of Isfahan Oil Refinery said the plant would launch its third distillation unit on the occasion of the 40th anniversary of the Islamic Revolution. Morteza Ebrahimi told Shana that the unit, al...
South Pars Phase 22-24 Ethane Injected to Petchem Plants
IR >> 1/29/2019 - The ethane produced by the onshore refineries of phases 22 to 24 of the South Pars gas field is now being fed to petrochemical plants as feedstock. According to Pars Oil and Gas Company (POGC), the se...
BP Enters Shandong with New-Look Retail Station
CN >> 1/29/2019 - BP, through its new joint venture partnership with Dongming Petrochemical, opened its first branded station in Shandong, China. The new store is the first in China to reflect BP’s new look and feel, a...
Chevron Agrees with Petrobras to Buy Pasadena Refinery System for $350 Million
US >> 1/30/2019 - Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (CVX), announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the o...
TATNEFT is Upgrading Its Oil Treatment Plants Using HollySys Equipment
RU >> 1/16/2019 - TATNEFT has entered into a tripartite cooperation agreement in the area of crude oil treatment process flow automation (UPVSN) units. CJSC Sterh-Intelservis and the Chinese HollySys Company have been ...
ADNOC Signs Strategic Agreements with Eni and OMV in Refining & Trading
ADNOC Signs Strategic Agreements with Eni and OMV in Refining & Trading AE >> 1/27/2019 - The Abu Dhabi National Oil Company (ADNOC) signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new trading joint venture, which will be jointly established...
Saudi Arabia Plans Oil Refinery, Petchem Plant in South Africa
ZA >> 1/18/2019 - Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10 billion of investments in the country, Saudi Energy Minister Khalid al-Falih said on Friday after ta...
Investments of Oil Refinery & Complex in New Alamein Hit $ 8.5B
Investments of Oil Refinery & Complex in New Alamein Hit $ 8.5B EG >> 1/21/2019 - Minister of Petroleum and Mineral Wealth Tarek el Mulla asserted that the project of establishing a refinery and petrochemicals complex in the New Alamein district is currently under study as the init...
South Pars Phase13; Refinery Receives Gas from Offshore
IR >> 1/21/2019 - In an unprecedented record time of 10 workdays, produced gas from platform 13B was injected to the refinery. Having completed the marine pipeline, the produced gas from the first main platform of phas...
Egypt to Invest $9B Refineries' Upgrade Over Four Years
Egypt to Invest $9B Refineries' Upgrade Over Four Years EG >> 1/21/2019 - Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year, the petroleum minister said. ...
LCK Plant Equipment to be Leased for African Syngas Project
ZA >> 1/16/2019 - Leigh Creek Energy (LCK) will lease its Pre-Commercial Demonstration plant and equipment following a commitment from an South African Syngas company. LCK has signed a Heads of Agreement (HoA) with Afr...
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...
Saudi Arabia Hopes to Lure over $425B in Investments
SA >> 1/29/2019 - Saudi Arabia launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the Opec group leader bids to reduce dependence on oil....
McDermott Announces Ethylene Furnace Award in Indonesia
ID >> 1/24/2019 - McDermott International, Inc. has been awarded a sizeable* technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT® (Short Residence Time) ethylene cracking he...
Iran Firm Localizes Savvy to Build Strategic Catalyst
IR >> 1/21/2019 - Sarv Oil & Gas Industries Development Company, assisted by Morvarid Petrochemicals Company (MPC), has developed the technical know-how of producing a strategic catalyst used in acetylene hydrogenation...
Honeywell Technology & Controls Selected for Largest Petrochemicals Project in China
CN >> 1/17/2019 - Honeywell (HON) announced that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP, the world’s leading licensor of refining and petrochemical process techn...
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...
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...
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...

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