Cost of Sinopec-Kuwait’s China venture may hit $7.8bn

Sinopec, Kuwait’s planned oil-processing and chemical venture with China Petroleum and Chemical Corp. in Guangdong province may cost $7.8bn, Bloomberg has reported. The complex, due to start operations by 2013, will overtake Exxon Mobil Corp.’s $5bn Fujian project as China’s biggest refining venture with an overseas partner. The project will have a refining capacity of […]

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Cost of Sinopec-Kuwait’s China venture may hit $7.8bn

Sinopec, Kuwait’s planned oil-processing and chemical venture with China Petroleum and Chemical Corp. in Guangdong province may cost $7.8bn, Bloomberg has reported. The complex, due to start operations by 2013, will overtake Exxon Mobil Corp.’s $5bn Fujian project as China’s biggest refining venture with an overseas partner. The project will have a refining capacity of […]

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Iran needs billions for gas projects

Iran’s Oil Minister Masoud Mir-Kazemi has said that Iran needs $19bn toward ‘unfinished’ natural gas projects and aims to curb consumption amid insufficient funding, Bloomberg has reported. ‘The maximum funding at hand for the gas sector is currently $3bn a year,’ he said. The country ‘is faced with an uncontrollable rise in domestic consumption due […]

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Iran needs billions for gas projects

Iran’s Oil Minister Masoud Mir-Kazemi has said that Iran needs $19bn toward ‘unfinished’ natural gas projects and aims to curb consumption amid insufficient funding, Bloomberg has reported. ‘The maximum funding at hand for the gas sector is currently $3bn a year,’ he said. The country ‘is faced with an uncontrollable rise in domestic consumption due […]

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Iran needs billions for gas projects

Iran’s Oil Minister Masoud Mir-Kazemi has said that Iran needs $19bn toward ‘unfinished’ natural gas projects and aims to curb consumption amid insufficient funding, Bloomberg has reported. ‘The maximum funding at hand for the gas sector is currently $3bn a year,’ he said. The country ‘is faced with an uncontrollable rise in domestic consumption due […]

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Iran needs billions for gas projects

Iran’s Oil Minister Masoud Mir-Kazemi has said that Iran needs $19bn toward ‘unfinished’ natural gas projects and aims to curb consumption amid insufficient funding, Bloomberg has reported. ‘The maximum funding at hand for the gas sector is currently $3bn a year,’ he said. The country ‘is faced with an uncontrollable rise in domestic consumption due […]

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UAE, Kuwait maintain OPEC’s quota

According to figures by Riyadh-based Joint Oil Data Initiative, oil production by the UAE and Kuwait in July had been within OPEC limits while Saudi Arabia had slashed output by more than 100,000 barrels per day to get closer to its quota assigned by the group, Emirates Business has reported. The UAE has trimmed supplies […]

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UAE, Kuwait maintain OPEC’s quota

According to figures by Riyadh-based Joint Oil Data Initiative, oil production by the UAE and Kuwait in July had been within OPEC limits while Saudi Arabia had slashed output by more than 100,000 barrels per day to get closer to its quota assigned by the group, Emirates Business has reported. The UAE has trimmed supplies […]

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UAE, Kuwait maintain OPEC’s quota

According to figures by Riyadh-based Joint Oil Data Initiative, oil production by the UAE and Kuwait in July had been within OPEC limits while Saudi Arabia had slashed output by more than 100,000 barrels per day to get closer to its quota assigned by the group, Emirates Business has reported. The UAE has trimmed supplies […]

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UAE, Kuwait maintain OPEC’s quota

According to figures by Riyadh-based Joint Oil Data Initiative, oil production by the UAE and Kuwait in July had been within OPEC limits while Saudi Arabia had slashed output by more than 100,000 barrels per day to get closer to its quota assigned by the group, Emirates Business has reported. The UAE has trimmed supplies […]

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Aramco eyes Brazil’s ‘pre-salt’ oil

Dilma Rousseff, chief-of-staff to Brazilian President Luiz Inacio Lula da Silva has said that Saudi Aramco, along with other international oil companies, has expressed interest in helping his country develop its so-called pre-salt oil reserves, the Wall Street Journal has reported. According to government estimates, Brazil’s chief discovery of pre-salt oil contains at least 5 […]

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Aramco eyes Brazil’s ‘pre-salt’ oil

Dilma Rousseff, chief-of-staff to Brazilian President Luiz Inacio Lula da Silva has said that Saudi Aramco, along with other international oil companies, has expressed interest in helping his country develop its so-called pre-salt oil reserves, the Wall Street Journal has reported. According to government estimates, Brazil’s chief discovery of pre-salt oil contains at least 5 […]

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Aramco eyes Brazil’s ‘pre-salt’ oil

Dilma Rousseff, chief-of-staff to Brazilian President Luiz Inacio Lula da Silva has said that Saudi Aramco, along with other international oil companies, has expressed interest in helping his country develop its so-called pre-salt oil reserves, the Wall Street Journal has reported. According to government estimates, Brazil’s chief discovery of pre-salt oil contains at least 5 […]

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Aramco eyes Brazil’s ‘pre-salt’ oil

Dilma Rousseff, chief-of-staff to Brazilian President Luiz Inacio Lula da Silva has said that Saudi Aramco, along with other international oil companies, has expressed interest in helping his country develop its so-called pre-salt oil reserves, the Wall Street Journal has reported. According to government estimates, Brazil’s chief discovery of pre-salt oil contains at least 5 […]

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Laffan refinery in Qatar begins production

QatarGas has said it has begun production from the Laffan Refinery, the first condensate refinery in Qatar. The refinery’s production reached commercial quantities and specifications on 23 September for all products, the firm said. Laffan Refinery has a total processing capacity of 146,000 barrels per stream day, made up of 61,000 bpsd of naphtha, 52,000 […]

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Laffan refinery in Qatar begins production

QatarGas has said it has begun production from the Laffan Refinery, the first condensate refinery in Qatar. The refinery’s production reached commercial quantities and specifications on 23 September for all products, the firm said. Laffan Refinery has a total processing capacity of 146,000 barrels per stream day, made up of 61,000 bpsd of naphtha, 52,000 […]

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Laffan refinery in Qatar begins production

QatarGas has said it has begun production from the Laffan Refinery, the first condensate refinery in Qatar. The refinery’s production reached commercial quantities and specifications on 23 September for all products, the firm said. Laffan Refinery has a total processing capacity of 146,000 barrels per stream day, made up of 61,000 bpsd of naphtha, 52,000 […]

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Laffan refinery in Qatar begins production

QatarGas has said it has begun production from the Laffan Refinery, the first condensate refinery in Qatar. The refinery’s production reached commercial quantities and specifications on 23 September for all products, the firm said. Laffan Refinery has a total processing capacity of 146,000 barrels per stream day, made up of 61,000 bpsd of naphtha, 52,000 […]

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Saudi Arabia sees no change in OPEC output

Ali al-Naimi, Saudi Arabia’s Oil Minister, has told the Nightly Business Report on US PBS television that $75 a barrel is a fair price for oil and that there was no need for OPEC to change production ahead of its next meeting in December, Reuters has reported. Producers need an oil price that would allow […]

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Saudi Arabia sees no change in OPEC output

Ali al-Naimi, Saudi Arabia’s Oil Minister, has told the Nightly Business Report on US PBS television that $75 a barrel is a fair price for oil and that there was no need for OPEC to change production ahead of its next meeting in December, Reuters has reported. Producers need an oil price that would allow […]

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Saudi Arabia sees no change in OPEC output

Ali al-Naimi, Saudi Arabia’s Oil Minister, has told the Nightly Business Report on US PBS television that $75 a barrel is a fair price for oil and that there was no need for OPEC to change production ahead of its next meeting in December, Reuters has reported. Producers need an oil price that would allow […]

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Saudi Arabia sees no change in OPEC output

Ali al-Naimi, Saudi Arabia’s Oil Minister, has told the Nightly Business Report on US PBS television that $75 a barrel is a fair price for oil and that there was no need for OPEC to change production ahead of its next meeting in December, Reuters has reported. Producers need an oil price that would allow […]

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ADNOC naphtha talks due; lower prices predicted

Abu Dhabi National Oil (ADNOC) will hold term talks next month for naphtha lifting in January-December 2010, Reuters has reported, but it is not expected to get as much for the oil as in the previous contract, due to weakened sentiment. The state-owned refiner is expected to get high single-digit premiums for the 12-month supplies, […]

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ADNOC naphtha talks due; lower prices predicted

Abu Dhabi National Oil (ADNOC) will hold term talks next month for naphtha lifting in January-December 2010, Reuters has reported, but it is not expected to get as much for the oil as in the previous contract, due to weakened sentiment. The state-owned refiner is expected to get high single-digit premiums for the 12-month supplies, […]

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ADNOC naphtha talks due; lower prices predicted

Abu Dhabi National Oil (ADNOC) will hold term talks next month for naphtha lifting in January-December 2010, Reuters has reported, but it is not expected to get as much for the oil as in the previous contract, due to weakened sentiment. The state-owned refiner is expected to get high single-digit premiums for the 12-month supplies, […]

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ADNOC naphtha talks due; lower prices predicted

Abu Dhabi National Oil (ADNOC) will hold term talks next month for naphtha lifting in January-December 2010, Reuters has reported, but it is not expected to get as much for the oil as in the previous contract, due to weakened sentiment. The state-owned refiner is expected to get high single-digit premiums for the 12-month supplies, […]

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Kuwait National Petroleum asks for refinery bids

Kuwait National Petroleum Company (KNPC) has asked seven international contractors to bid for the $700m engineering, procurement and construction contract at its Mina al-Ahmadi refinery by December 13, Meed magazine has reported. The 460,000 bpd refinery is the country’s largest oil refinery with three crude processing units. Related Posts:Coming Soon: Trading Risk Seminar in Kuwait […]

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Kuwait National Petroleum asks for refinery bids

Kuwait National Petroleum Company (KNPC) has asked seven international contractors to bid for the $700m engineering, procurement and construction contract at its Mina al-Ahmadi refinery by December 13, Meed magazine has reported. The 460,000 bpd refinery is the country’s largest oil refinery with three crude processing units. Related Posts:Coming Soon: Trading Risk Seminar in Kuwait […]

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Kuwait National Petroleum asks for refinery bids

Kuwait National Petroleum Company (KNPC) has asked seven international contractors to bid for the $700m engineering, procurement and construction contract at its Mina al-Ahmadi refinery by December 13, Meed magazine has reported. The 460,000 bpd refinery is the country’s largest oil refinery with three crude processing units. Related Posts:Coming Soon: Trading Risk Seminar in Kuwait […]

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Kuwait National Petroleum asks for refinery bids

Kuwait National Petroleum Company (KNPC) has asked seven international contractors to bid for the $700m engineering, procurement and construction contract at its Mina al-Ahmadi refinery by December 13, Meed magazine has reported. The 460,000 bpd refinery is the country’s largest oil refinery with three crude processing units. Related Posts:Coming Soon: Trading Risk Seminar in Kuwait […]

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