Spot premiums for Middle East crude extended their rally on Thursday to their highest in more than two years
oil refinery
Latest in oil refinery
AOC
Saudi energy giant Aramco to invest billions in China
The Saudi energy major’s latest acquisition deal followed the announcement on Sunday, March 26, about its joint venture in China, Huajin Aramco Petrochemical Company
Aramco
Saudi Aramco to set up major petrochemical complex in China
Aramco will hold 30 percent stake in the JV, while NORINCO Group will have a majority of 51 percent and Panjin Xincheng Industrial Group will hold the remaining 19 percent stake
Annual Statistical Bulletin 2022
Global crude oil production increased marginally in 2021 despite the pandemic hitting major economies
The non-OECD region, particularly the Middle East, China, as well as Africa and India recorded refining capacity additions last year
drone attack
Saudi Ministry of Energy condemns drone attack on Riyadh refinery
The attack resulted in a “small fire, which was extinguished immediately”, the official said. It did not result in any injuries or deaths.
Abqaiq
Video: Saudi drone attacks – what is the damage done?
It’s been a week and there still seems to be no clarity on who launched the drone attacks on 2 Saudi oil facilities.
Chansin Treenuchagron
Thai oil giant PTT seeks partnerships with Middle East producers
Oil companies from Saudi Arabia and the UAE have been investing in Asian oil refiners to lock in buyers for their crude in the region with the fastest growing demand
Brooge Petroleum and Gas Investment Company
UAE’s Brooge to build oil refinery in Fujairah
UAE-based Brooge Petroleum and Gas Investment Co says first phase of the refinery will be completed by Q1 2020
Abu Dhabi
IndianOil-led consortium awarded Abu Dhabi onshore block
The Indian consortium will make an investment of $170 million for the exploration activities
energy storage
Sri Lanka starts work on Oman-backed $3.85bn refinery near strategic port
Prime Minister Ranil Wickremesinghe said Hambantota, a district in Sri Lanka’s south which lies on one of the world’s busiest shipping lanes, would become a global investment hub with the addition of the oil refinery and storage complex
energy storage
Oman denies involvement in $3.85bn Sri Lankan refinery
Sri Lankan officials earlier this week told reporters that Oman was to take a 30% stake in a 200,000 bpd facility
Colombo
Indian-Omani JV to build $3.85bn Sri Lankan oil refinery
Oman will fund 30% of the new oil project while Singapore-based Silver Park International will finance the rest
BAPCO
Bahrain’s Bapco to trade in more petroleum products by 2023 as it expands refinery
The non-OPEC oil producer last year announced its largest ever oil discovery estimated to have at least 80 billion barrels of oil
Cyril Ramaphosa
Saudi Arabia in talks to build oil refinery in South Africa
Refinery plan is part of a pledge to invest as much as $10bn in Africa’s most developed economy
Aramco
Saudi Arabia to build $10bn Aramco-run oil refinery in Pakistan
Crown Prince Mohammed bin Salman will visit the South Asian country in February to sign the agreement, said Khalid Bin Abdul Aziz Al-Falih
ADNOC
Augmented reality helping train oil workers for disasters, says Schneider Electric CEO
Schneider Electric CEO Jean-Pascal Tricoire said that augmented reality technology can help virtually prepare operators for leaks and fires at refineries and offshore platforms
oil refinery
Saudi Arabia to invest in Pakistan oil refinery
Refinery agreement is set to be signed between Pakistan State Oil Company and Riyadh’s state oil giant Saudi Aramco
