Total Is Going For Mega-JV Cracker In Qatar.
Total has held talks with the state-owned Qatar Petroleum (QP) over
having a world-scale petrochemicals complex at Ras Laffan by 2012,
potentially introducing a rival to the mega-complex being . . .
$1.5 Bn In Fuel Contracts.
Saudi Aramco has signed 10-year contracts with local fuel
transportation firms worth SR5.6 bn ($1.49 bn) in a bid to increase its
distribution network in the kingdom. The contracts include delivery . . .
Fourth Saudi Underground Fuel Storage Open.
The kingdom's fourth underground terminal to deliver fuels in
emergency was inaugurated on Nov. 26 in Medina, close to the Yanbu'
refinery on the Red Sea. It is part of the Saudi Strategic . . .
Ma'aden Gives Al-Jalamid To Chinese Firm.
Ma'aden has given China's Guizhou Hongfu Industry &
Commerce Development Co. (Hongfu) the $350m lump-sum turn-key (LSTK)
contract to build a plant at the Jalamid mine in the north of the
kingdom. . . .
Samsung Gets Ras Tanura Unit.
Saudi Aramco has given an SR1.6 bn ($430m) contract to Samsung
Engineering and Construction of South Korea to build a diesel
hydrotreater in the Ras Tanura refinery. The unit, to be built by . . .
Saudi Aramco Gives WorleyParsons $8 Bn Ras Tanura Refinery
Job.
WorleyParsons of Australia's has won the $8 bn EPC contract to
build the 400,000 b/d East Coast refinery at Ras Tanura by the first
quarter of 2012. Saudi Aramco will fully own the plant, which . . .
Qatar Petrochemical Producers Are Worried High Oil Prices Could
Hurt Them.
The Gulf Petrochemicals and Chemicals Association (GPCA), which
groups the main companies in this sector in the Middle East, are warning
that relatively high crude oil prices may slow economic . . .
Injaz JV On Track To Acquire Petkim.
Injaz Projects says its JV offer of $2 bn to acquire 51% in Turkish
state-owned petrochemicals company Petkim Petrokemiya will close in late
January. Injaz Projects - together with Azerbaijan Oil . . .
Iran Plans To End Gasoline Rationing By March 2009.
Iran aims to end gasoline rationing by March 2009 through expanding
domestic production of motor fuel and encouraging the use of vehicles
powered by natural gas. Iran introduced rationing in June . . .
Saudi Non-Oil Revenues Hit Record - The State Budget.
Thanks to high oil prices, Saudi Arabia's oil income in 2007
has risen to a record high of SR754.4 bn ($201.1 bn). In regional terms
the size of its oil income is staggering - more than 118% the . . .
Saudi Motor Fuels Market Expands With Filling Stations Spreading
Fast.
With the real estate and construction sectors booming throughout
the GCC region, the Saudi market for motor fuels is expanding rapidly
with the spread of gasoline stations throughout the kingdom. . . .
Qatar Is Having A $1 Bn JV For Projects In Indonesia.
Jakarta and the Qatar Investment Authority (QIA) have established a
$1 bn JV company to target investments in Indonesia. The Indonesian
government will own 15% of the JV and QIA will own 85%. The . . .
India Plans $9 Bn Refining/Petrochemicals JV In Egypt.
India's top state-run refiner Indian Oil Corp (IOC) and the
state-owned Egyptian General Petroleum Corp (EGPC) are to have an
integrated refining and petrochemical complex built in Egypt as a . . .
Oman Oil Seeks JVs With RIL, Tata & Others In India.
The state-owned Oman Oil Co. (OOC) is in talks with RIL and the
Tata Group for JVs in India to meet rising demand for fuels and
chemicals in that country. The company will also raise its stake in . . .
Dubai Vision.
Ambani, visiting to Dubai "to explore business
opportunites", on Dec. 10 met Dubai ruler Shaikh Muhammad bin
Rashed al-Maktoum, who is the UAE's vice-president and PM. Ambani
spoke of Shaikh . . .
Reliance Industries To Expand Gulf Presence With Big
Petrochemicals Plants.
Reliance Industries Ltd (RIL), India's largest industrial
conglomerate, will reposition its global operation to Dubai by
strengthening its Dubai office before investing as much as $24 bn . . .
Kuwait & Dow Chemical Form Huge US-Based Petrochemicals
JV.
Petrochemical Industries Co (PIC), a unit of the state-owned Kuwait
Petroleum Corp. (KPC), and the American/global giant Dow Chemical are
forming a 50-50 venture to be based in the US to produce . . .
The Background & Future Of The Energy Demand Insecurity - Of
The Third Logic.
The third logic in the energy world is a combination of problems
led by a shift away from conventional oil on the demand side and
problems on the supply side led by hesitation in countries . . .
Energy Review & Prospects - 2007 Developments Affecting
2008.
The following are extracts from an interesting piece written by
Gideon Rachman and published on Dec. 18 by the Financial Times (with
underlining and bracketed additions by APS): "There are some . . .
VENEZUELA - El Palito.
A catalytic distillation unit and a project for segregation of
catalytic naphtha started up at the 135,000 b/d El Palito refinery in
1996. The unit uses technology from Intevep. It has helped boost . . .
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