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Noori Petrochemical Plant Output Nearly 5mt/Y

Date : Apr 28, 2017

Noori Petrochemical Plant was able to process close to 5 million tons of petrochemicals in the previous calendar year (ended March 20), breaking a 10-year annual production record.

 

The company processed 4.7 million tons of petrochemicals during the year which was the highest produced volume by the company in 10 years.

 

It operated at 107% of its nameplate capacity and 124% of its planned production level during the year.

 

It also sold roughly 1.8 million tons of products on the domestic market and 1.9 million tons (valued at $1.3b) on international markets.

...

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Russia, India Eyeing to Tap Pakistan Gas Market

Date : Apr 28, 2017

As Russia fears losing markets in the European Union (EU) because of the ongoing tussle with the United States (US) and European Union over the Ukraine issue, it is looking to capture Pakistan’s market for exporting gas by...

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Aramco Sponsors Annual Technical Symposium & Exhibition of SPE

Date : Apr 27, 2017

Saudi Aramco is participating as a Diamond Sponsor in the Annual Technical Symposium & Exhibition (ATS&E) of the Society of Petroleum Engineers (SPE) – Saudi Arabia section.

 

The event is taking...

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Banagas Raises Loan for its Gas Processing Expansion Facility

Date : Apr 27, 2017

The Bahrain National Gas Expansion Co (Banagas), a subsidiary of the country's National Oil and Gas Authority, signed a $515 million syndicated loan that will back part of the expansion of its gas processing facilities, the...

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UAE’s Leadership in Advancing Renewable and Alternative Energy Sources Highlighted

Date : Apr 27, 2017

The Atlantic Council hosted Majid Al Suwaidi, United Arab Emirates Consul General in New York, in the panel discussion “Energy Innovation and Entrepreneurship in the Middle East” where he spoke about the...

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ATS Launches New Storage Tank Terminal in India

Date : Apr 27, 2017

ATS is commencing operations of a new storage tank terminal facility in May 2017, strategically situated in the emerging oil storage & trading location of New Mangalore Port, India. The new facility is being launched under the...

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Indian Oil Gets Green Nod to Revamp Bongaigaon Refinery at Rs 41.85 Billion

Date : Apr 27, 2017

Indian Oil Corporation (IOC) has received green nod for upgradation of its Bongaigaon refinery for production of BS-VI grade fuels in Assam at a cost of Rs 41.85 billion. The company wants to upgrade its Bongaigaon Refinery (BGR) as...

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India, Sri Lanka Sign MoU on Economic Co-Operation

Date : Apr 27, 2017

The agreement was exchanged in the presence of PM Narendra Modi and his Sri Lankan counterpart Ranil Wickremesinghe in New Delhi. India and Sri Lanka on Wednesday signed an MoU on economic co-operation. The agreement was exchanged in the presence of...

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Iraqi Final Expansion at Halfaya Oil Field

Date : Apr 27, 2017

The Head of the Missan Oil Company (MOC) has said that the third and final phase of work to expand the Halfaya oil field has been launched.

 

Adnan Noshi told Reuters that the target is to double...

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Iran Potent to Influence Gas Market by Fresh Investment

Date : Apr 26, 2017

Secretary General of the Gas Exporting Countries Forum (GECF) Mohammad Hossein Adeli lauded inauguration of new phases of the supergiant South Pars gas field, saying Iran can take key roles in the gas market via international...

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GE Oil & Gas Signs Service Contract with GPIC

Date : Apr 28, 2017

GE Oil & Gas has signed a long-term multi-outage service contract with Gulf Petrochemical Industries Company (GPIC), to drive the operational excellence of GPIC’s plant in Bahrain.   As part of the agreement, GE Oil & Gas will offer the full spectrum of outage turnkey services, spare parts and repairs for the GPIC plant. It also covers the servicing of scheduled outages for a period from 2018 to 2026.   The collaboration between GPIC and GE Oil & Gas will allow the technical teams to conduct all consultative checks ahead of time, ensuring that the key process equipment crucial for GPIC’s production – such as sy...

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Oman Commences Connection of Musandam Plant to National Grid

Date : Apr 28, 2017

The Rural Areas Electricity Company (RAECO) has commenced the energisation of its key 132kV network that connects the newly built Musandam Power Plant at Tibat with the existing grid serving the Musandam Governorate, a report...

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ENOC Opens UAE's First Solar-Powered Gas Station

Date : Apr 28, 2017

The country's first solar-powered gas station has been opened by the Emirates National Oil Company (ENOC), in yet a new sign reflecting the country's increased focus on maintaining the highest standards of sustainability and...

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Indian Oil Begins Pipe Procurement Process for Pipeline Project

Date : Apr 28, 2017

The Indian Oil Corporation (IOC) has begun the pipe procurement process for the much-hyped Raxaul-Amlekhgunj petroleum pipeline, finally giving momentum to the project.

 

In the third week of March, IOC called...

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Orpic to Start Work on Liwa Project Package 3

Date : Apr 27, 2017

Oman Oil Refineries and Petroleum Company (Orpic) is celebrating today the ground-breaking of Package three of its Liwa Plastics Industries Complex (LPIC) Project.

 

The event, which is taking place in the...

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OTTCO Expects to Receive Bids for Crude Terminal Project by Mid-May

Date : Apr 26, 2017

Bids for the first phase of Ras Markaz crude storage park are due in next month, said a top official.

 

Oman Tank Terminal Company (OTTCO), a wholly owned subsidiary of state-run Oman Oil Company (OOC), is...

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Chinese Firm Plans to Set-up $2.3bn Methanol-to-Olefins Project in Oman

Date : Apr 26, 2017

China-based Mingyuan Holdings Group Company, a leading petrochemical company, plans to set up a major methanol-to-olefins (MTO) plant alongside a giant greenfield methanol scheme at the China-Oman Industrial Park, in...

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Saudi-Korean JV to Build $50mn Plant in PlasChem Park

Date : Apr 26, 2017

Saudi-based Maydan Industry for Industrial Development & Investments Company will join forces with Ahmad Kassim Al Amoudi Group Company (AKA) and the South Korean technology company SFC to establish a...

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Indian Railways to Set Up Solar Power Plant in Chhattisgarh

Date : Apr 25, 2017

The Indian Railways is planning to set up a 50 MW solar power plant in Bhilai, Chhattisgarh, where it has spare land, through Railway Energy Management Company (REMCL).

 

The proposed project is estimated to...

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AFDB Approved Loan for South Sudan's Power Project

Date : Apr 25, 2017

The African Development Bank (AFDB) has approved a supplementary loan worth USD 14.57 million for South Sudan's power project.

 

The funds will be utilised towards rehabilitation and expansion of the...

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