Tarek El Molla, Minister of Petroleum and Mineral Resouces, called for the importance of developing the refining and manufacturing system to meet the needs of the local market of petroleum products taking into con ...
Kazakhstan’s Minister of energy, Nurlan Nogayev, reported that Kazakhstan had produced 31.3 million tons of oil between the months January-April, which amounts to 102.6% of the production plan.
Saudi Aramco has completed acquiring 17% stakes of South Korea's Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion.
Through the execution of five refining projects that are under implementation, the total value of refining investments in Egypt would reach $4.7 billion.
Investments in oil production and refining projects in Assiut total EGP 43 billion to produce fuels such as gasoline and diesel.
The meeting reviewed the operational situation of the mazut hydro-cracking complex at ANOPC to secure Upper Egypt's demands.
KBR has won a three-year extension for its maintenance services contract from Satrop, a joint venture between Saudi Aramco and French oil major Total.
The project will receive 2.5 million tons of Mazut a year from ASORC to produce 1.6 million tons of diesel, 402,000 tons of high-octane gasoline, and 101,000 tons of butane, in addition to 330,000 tons of sulfur.
The maintenance work will continue for 45 days.
Trade between the countries increased by 32% last year.
