Misr Petroleum Signs Refining Agreement with Petronas

• Sunday, 22nd July 2018
• by Editorial Team

Misr Petroleum and Petronas have signed a memorandum of understanding (MoU) to produce 20,000 tons of first class oils and 10,000 tons of diesel annually, Egypt Oil & Gas reports. The production will take place at...

ASORC To Build $1.85B Mazut Refining Facility

• Wednesday, 11th July 2018
• by Editorial Team

The Assiut Oil Refining Company (ASORC) will establish a $1.85 billion facility for conducting thermal cracking on mazut, Egypt Oil & Gas reports. The construction of the Assuit Hydrocracking Complex (AHC) will be...

UK Export Finance to Fund Egypt Energy Sector

• Monday, 2nd July 2018
• by Editorial Team

The UK’s export credit agency, UK Export Finance (UKEF), announced its willingness to fund Egypt’s petrochemical projects, CEO Louis Taylor said, Egypt Oil & Gas reports. Taylor met Egypt’s oil minister Tare...

Saudi Aramco Executive Details Downstream Plan

• Thursday, 14th June 2018
• by Editorial Team

Saudi Aramco is looking to expand its investments in refining and petrochemicals to secure new markets for its crude, and has identified growth in chemical industries as strategic in combating the risk of a slowdown i...

Arabian Gulf Oil Company Returns to Full Production After Power Problems

• Tuesday, 29th May 2018
• by Editorial Team

Oil output from Libya’s Arabian Gulf Oil Company (AGOCO) has returned to its normal level of 250,000 barrels per day (b/d) after electricity supply problems, Reuters reported. Output losses were caused after unusually...

Qatar Petroleum Launches Bidding for New Petrochemicals Complex

• Tuesday, 15th May 2018
• by Editorial Team

Qatar Petroleum (QP) has invited companies to bid for development and operation contracts for a new petrochemicals complex at Ras Laffan Industrial City, Reuters reported. The new petrochemicals complex will house an ...

ADNOC, Cepsa Agree Deal for Ruwais LAB Facility

• Tuesday, 15th May 2018
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) and Spain’s Cepsa have signed a project development agreement for a new linear alkylbenzene (LAB) facility in Abu Dhabi’s Ruwais refining and petrochemicals complex, Reuters repo...

ADNOC to Invest $50B in Downstream Operations

• Sunday, 13th May 2018
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) announced on May 13 plans to invest almost $50 billion over five years to develop its downstream business, Reuters reported. ADNOC will add a third refinery at its Ruwais complex...

Midor Refines 40.5 M Barrels of Crude Oil in 2017

• Thursday, 8th March 2018
• by Sarah Samir

Middle East Oil Refinery (Midor) refined 40.5 million barrels of crude oil in 2017 and contributed in providing over 3 million tons of different petroleum products to the local market worth around $1.4 billion, accord...

Algeria, Libya to Co-Manage Oil Fields on Borders

• Tuesday, 16th January 2018
• by Sarah Samir

Algeria’s Sonatrack has packed a deal with the Libyan National Oil Corporation (NOC) to jointly operate a number of crude oil fields located between the two countries’ borders, Middle East Monitor reported. The joint ...