Fifth Kuwaiti Refinery Cost Estimated at $5-$6B
Kuwait’s fifth refinery will cost between $5-$6 billion, Kuwait Integrated Petroleum industries Company revealed.
Kuwait’s fifth refinery will cost between $5-$6 billion, Kuwait Integrated Petroleum industries Company revealed.
Kuwait has signed a memorandum of understanding (MoU) with Chinese oil major Sinopec for the construction of an oil refinery in the south of China, the Kuwait Oil Ministry announced on October 25.
Saudi Aramco plans to purchase a stake in a new refinery being built by Zhejiang Petrochemical, according to Aramco's senior vice president of downstream.
Alexandria Mineral Oils Company (AMOC) has chosen British bank HSBC to manage its share sales on the Egyptian Exchange later this year.
Abu Dhabi National Oil Company (ADNOC) has signed to buy part of Saudi Aramco's stake in the $44 billion Ratnagiri refinery in Maharashtra, India.
Alexandria National Refining and Petrochemicals Company (ANRPC) has finished 97% of the refinery project that will double the national production of 92-octane benzene and 95-octane benzene.
A Chinese investment firm will spend $2 billion on building an oil refinery in the northern Iranian province of Mazandaran.
The Al Zour refinery project is expected to be completed by December 2019, according to a statement from Khaled Mahdi, Kuwaiti secretary general of the supreme council for planning and development.
The Alexandria Mineral Oils Company (AMOC) has reached an agreement with five financial organisations to fund its $500 million refinery project.
The Iraqi Ministry of Oil announced plans to decrease imports of petroleum products by 25%.