The Nigerian Minister of State for Petroleum Resources, Ibe Kachikwu, stated that Nigeria plans to reduce its level of fuel imports by 60% by the year 2018, Nigeria Today reported. Kachikwu added that one of the key p...
US oil and gas giant, ExxonMobil is following the footstep of Chevron to divest from the downstream sector of Nigeria’s oil and gas business with a plan to sell 60% of its equity in Mobil Oil Nigeria Plc (MON) to Nipc...
Iraqi Oil Minister, Jabbar Al Luaibi, is revisiting a program announced four years ago to build four new refineries and has invited international oil companies to fund the construction of new facilities as the country...
Iran’s Ministry of Petroleum stated that the country’s oil industry is in need of $200b in investments in the upstream and downstream sectors as the domestic fund are insufficient, Oil&Gas Euroasia rep...
Press Release: The World Refining Association’s Inaugural Egypt Downstream Summit & Exhibition is taking place next month on February 15-16, at the Fairmont Heliopolis & Towers in Cairo. The summit, which is t...
South Korea’s S-Oil Corp agreed to sell $1.12b of oil products to Saudi Aramco Products Trading Company, an increase compared with 2015, reported Reuters. The contract provides for the supply of 12m to 24m barre...
GE Oil & Gas’ Downstream Technology Solutions (DTS) won a 15-year technical development partnership deal from Qatar Fertilizer Company (QAFCO), marking DTS’s first installation of its advanced 32K Exte...
Qatar Petrochemical Company (QAPCO) and Qatar University (QU) announce the renewal of the QAPCO Polymer Chair at QU, reported MENAFN. QAPCO’s MD & CEO, Dr. Mohammed Yousef Al Mulla, explained that research and inn...
King Salman bin Abdulaziz Al Saud of Saudi Arabia has inaugurated The King Abdullah Petroleum Studies and Research Center (KAPSARC), reported World Oil. The Center is a non-profit economics and policy research institu...
The Sadara Chemical Company (Sadara) in Saudi Arabia said that its chemical complex in Jubail Industrial City II is more than 97% complete, making the announcement shortly after launching its first product, the Linear...