Petromin blending plant set for mid-2010

Petromin Corporation has announced its new SR100m blending plant, which will go on stream in the second quarter of 2010, Arab News has reported. The plant at Saudi Aramco Industrial Zone in Jeddah is designed to produce 250,000 tons of lubrication oils annually. The factory will produce all types of oil for the industrial sector, […]

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Petromin blending plant set for mid-2010

Petromin Corporation has announced its new SR100m blending plant, which will go on stream in the second quarter of 2010, Arab News has reported. The plant at Saudi Aramco Industrial Zone in Jeddah is designed to produce 250,000 tons of lubrication oils annually. The factory will produce all types of oil for the industrial sector, […]

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Petromin blending plant set for mid-2010

Petromin Corporation has announced its new SR100m blending plant, which will go on stream in the second quarter of 2010, Arab News has reported. The plant at Saudi Aramco Industrial Zone in Jeddah is designed to produce 250,000 tons of lubrication oils annually. The factory will produce all types of oil for the industrial sector, […]

Stock Trkr
Petromin blending plant set for mid-2010

Petromin Corporation has announced its new SR100m blending plant, which will go on stream in the second quarter of 2010, Arab News has reported. The plant at Saudi Aramco Industrial Zone in Jeddah is designed to produce 250,000 tons of lubrication oils annually. The factory will produce all types of oil for the industrial sector, […]

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Saudi fuel oil sells at lower discount in Nov lift

Middle East trader FAL Oil has paid a lower discount of $6-$7 (Dh22-Dh25.7) per tonne, on a free-on-board (FOB) basis, for Saudi Aramco’s 80,000 tonnes of 380-centistoke (cst) fuel oil for early November lifting from Jubail, Reuters has reported. This is lower than the discount of $2-$3 per tonne that Vitol paid for an earlier […]

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Saudi fuel oil sells at lower discount in Nov lift

Middle East trader FAL Oil has paid a lower discount of $6-$7 (Dh22-Dh25.7) per tonne, on a free-on-board (FOB) basis, for Saudi Aramco’s 80,000 tonnes of 380-centistoke (cst) fuel oil for early November lifting from Jubail, Reuters has reported. This is lower than the discount of $2-$3 per tonne that Vitol paid for an earlier […]

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Saudi fuel oil sells at lower discount in Nov lift

Middle East trader FAL Oil has paid a lower discount of $6-$7 (Dh22-Dh25.7) per tonne, on a free-on-board (FOB) basis, for Saudi Aramco’s 80,000 tonnes of 380-centistoke (cst) fuel oil for early November lifting from Jubail, Reuters has reported. This is lower than the discount of $2-$3 per tonne that Vitol paid for an earlier […]

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Saudi fuel oil sells at lower discount in Nov lift

Middle East trader FAL Oil has paid a lower discount of $6-$7 (Dh22-Dh25.7) per tonne, on a free-on-board (FOB) basis, for Saudi Aramco’s 80,000 tonnes of 380-centistoke (cst) fuel oil for early November lifting from Jubail, Reuters has reported. This is lower than the discount of $2-$3 per tonne that Vitol paid for an earlier […]

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Hanwha to carry out Samra plant expansion

Jordan’s Samra Electric Power Generation Company has signed an agreement with Korean energy firm Hanwha Engineer and Construction to install two gas-fire units each of 142.9MW capacity, the Jordan Times has reported. The units, at a value of JD138m, will be financed by the Kuwait Fund for Arab Economic Development and the Arab Fund for […]

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Hanwha to carry out Samra plant expansion

Jordan’s Samra Electric Power Generation Company has signed an agreement with Korean energy firm Hanwha Engineer and Construction to install two gas-fire units each of 142.9MW capacity, the Jordan Times has reported. The units, at a value of JD138m, will be financed by the Kuwait Fund for Arab Economic Development and the Arab Fund for […]

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Hanwha to carry out Samra plant expansion

Jordan’s Samra Electric Power Generation Company has signed an agreement with Korean energy firm Hanwha Engineer and Construction to install two gas-fire units each of 142.9MW capacity, the Jordan Times has reported. The units, at a value of JD138m, will be financed by the Kuwait Fund for Arab Economic Development and the Arab Fund for […]

Stock Trkr
Hanwha to carry out Samra plant expansion

Jordan’s Samra Electric Power Generation Company has signed an agreement with Korean energy firm Hanwha Engineer and Construction to install two gas-fire units each of 142.9MW capacity, the Jordan Times has reported. The units, at a value of JD138m, will be financed by the Kuwait Fund for Arab Economic Development and the Arab Fund for […]

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Oman oil revenue down 36%

According to data from Oman’s Ministry of National Economy, the Sultanate’s net oil revenues in the first eight months of 2009 have dropped 36.3% on weakened oil prices, Reuters has reported. Oman sold its oil at an average price of $50.18 per barrel in January to August, down 49.9% from the same period last year, […]

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Oman oil revenue down 36%

According to data from Oman’s Ministry of National Economy, the Sultanate’s net oil revenues in the first eight months of 2009 have dropped 36.3% on weakened oil prices, Reuters has reported. Oman sold its oil at an average price of $50.18 per barrel in January to August, down 49.9% from the same period last year, […]

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Oman oil revenue down 36%

According to data from Oman’s Ministry of National Economy, the Sultanate’s net oil revenues in the first eight months of 2009 have dropped 36.3% on weakened oil prices, Reuters has reported. Oman sold its oil at an average price of $50.18 per barrel in January to August, down 49.9% from the same period last year, […]

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Oman oil revenue down 36%

According to data from Oman’s Ministry of National Economy, the Sultanate’s net oil revenues in the first eight months of 2009 have dropped 36.3% on weakened oil prices, Reuters has reported. Oman sold its oil at an average price of $50.18 per barrel in January to August, down 49.9% from the same period last year, […]

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IEA: Oil price justifies investment

The International Energy Agency has voiced concerns of a possible price spike if insufficient investment is made in bringing on new sources of oil to keep pace with demand, Reuters has reported. ‘Oil prices of $78 are high enough for almost every single drop of oil we have in the world to invest, if they […]

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IEA: Oil price justifies investment

The International Energy Agency has voiced concerns of a possible price spike if insufficient investment is made in bringing on new sources of oil to keep pace with demand, Reuters has reported. ‘Oil prices of $78 are high enough for almost every single drop of oil we have in the world to invest, if they […]

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IEA: Oil price justifies investment

The International Energy Agency has voiced concerns of a possible price spike if insufficient investment is made in bringing on new sources of oil to keep pace with demand, Reuters has reported. ‘Oil prices of $78 are high enough for almost every single drop of oil we have in the world to invest, if they […]

Stock Trkr
IEA: Oil price justifies investment

The International Energy Agency has voiced concerns of a possible price spike if insufficient investment is made in bringing on new sources of oil to keep pace with demand, Reuters has reported. ‘Oil prices of $78 are high enough for almost every single drop of oil we have in the world to invest, if they […]

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Taqa to invest in $1.2bn gas project

Abu Dhabi National Energy Co (Taqa) said it is teaming up with a group of partners to invest 800 million euros ($1.2bn) to develop a gas storage project in the Netherlands. Taqa will fund the project along with Energie Beheer Nederland, Dyas and Petro-Canada, while Russia’s Gazprom will provide cushion gas for injection into the […]

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Taqa to invest in $1.2bn gas project

Abu Dhabi National Energy Co (Taqa) said it is teaming up with a group of partners to invest 800 million euros ($1.2bn) to develop a gas storage project in the Netherlands. Taqa will fund the project along with Energie Beheer Nederland, Dyas and Petro-Canada, while Russia’s Gazprom will provide cushion gas for injection into the […]

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Taqa to invest in $1.2bn gas project

Abu Dhabi National Energy Co (Taqa) said it is teaming up with a group of partners to invest 800 million euros ($1.2bn) to develop a gas storage project in the Netherlands. Taqa will fund the project along with Energie Beheer Nederland, Dyas and Petro-Canada, while Russia’s Gazprom will provide cushion gas for injection into the […]

Stock Trkr
Taqa to invest in $1.2bn gas project

Abu Dhabi National Energy Co (Taqa) said it is teaming up with a group of partners to invest 800 million euros ($1.2bn) to develop a gas storage project in the Netherlands. Taqa will fund the project along with Energie Beheer Nederland, Dyas and Petro-Canada, while Russia’s Gazprom will provide cushion gas for injection into the […]

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Zadco set to award $4bn in contracts

Abu Dhabi-based oil and natural gas exploration and production firm, Zakum Development Co (Zadco) plans to award around $4bn worth of engineering, procurement and construction contracts over the next 18 months, Gulf News has reported. The company’s mandate is to develop the Upper Zakum field on behalf of Abu Dhabi National Oil Company (Adnoc) and […]

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Zadco set to award $4bn in contracts

Abu Dhabi-based oil and natural gas exploration and production firm, Zakum Development Co (Zadco) plans to award around $4bn worth of engineering, procurement and construction contracts over the next 18 months, Gulf News has reported. The company’s mandate is to develop the Upper Zakum field on behalf of Abu Dhabi National Oil Company (Adnoc) and […]

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Zadco set to award $4bn in contracts

Abu Dhabi-based oil and natural gas exploration and production firm, Zakum Development Co (Zadco) plans to award around $4bn worth of engineering, procurement and construction contracts over the next 18 months, Gulf News has reported. The company’s mandate is to develop the Upper Zakum field on behalf of Abu Dhabi National Oil Company (Adnoc) and […]

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Zadco set to award $4bn in contracts

Abu Dhabi-based oil and natural gas exploration and production firm, Zakum Development Co (Zadco) plans to award around $4bn worth of engineering, procurement and construction contracts over the next 18 months, Gulf News has reported. The company’s mandate is to develop the Upper Zakum field on behalf of Abu Dhabi National Oil Company (Adnoc) and […]

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Ras Azzour cost estimate cut by 20-25%

Fuhaid bin Fahd al-Sharif, head of Saudi Arabia’s giant power and water desalination project, Ras Azzour, has said that the kingdom expects the project’s cost to be 20%-25% below initial estimates as the price of materials has fallen and the project description has changed, Reuters has reported. The power and water plant, which was originally […]

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Ras Azzour cost estimate cut by 20-25%

Fuhaid bin Fahd al-Sharif, head of Saudi Arabia’s giant power and water desalination project, Ras Azzour, has said that the kingdom expects the project’s cost to be 20%-25% below initial estimates as the price of materials has fallen and the project description has changed, Reuters has reported. The power and water plant, which was originally […]

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