Petrochemicals

Saudi Arabia to cut crude allocations by 520,000 bpd in September 2017

33482351271 daed89b313 zSaudi Aramco will cut crude oil allocations by at least 520,000 bpd to its customers worldwide in September 2017, in relation to Saudi Arabia’s commitment to OPEC’s deal on global supply reduction

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Petrofac and Samsung Engineering awarded JV contract for Duqm refinery project in Oman

duqm areaPetrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2bn with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman

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SNC-Lavalin transitions into EPC phase of ammonia plant contract with Salalah Methanol Company

3747728 61b472feSNC-Lavalin has announced that it has received a notice to proceed from Salalah Methanol Company LLC (SMC) with the Engineering, Procurement and Construction (EPC) phase of its anhydrous liquid ammonia plant project, located in the city of Salalah, Sultanate of Oman

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UN Security Council adds Tanzanian-flagged tanker into sanction list

CapricornThe United Nation Security Council Committee on Libya has added Tanzania-flagged tanker Capricorn to the UN sanction list, alleging that the product vessel was illegally exporting petroleum including gasoil and refined petroleum products

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Sadara brings Kingdom’s first polyols plant on-stream

riyadh 2197496 1920Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up the Kingdom’s first Polyols plant

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