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Aramco, SABIC eye crude-oil-to-chemicals plant Saudi Aramco and SABIC have signed a heads of agreement to conduct a feasibility study on the development of a crude oil-to-chemicals plant in the kingdom.

Aramco, SABIC eye crude-oil-to-chemicals plant

Saudi Arabia's industrial giants have agreed to study the feasibility of the project which could cost up to $30bn

 •   Sabic signs deal for petrochem complex in China
 •   Aramco, SABIC: no plans to merge petchem business
 •   Aramco and Sabic to sign MoU for joint project


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Permasense ties up with STARC for Mideast growth

Permasense ties up with STARC for Mideast growth

The Saudi Trading and Research Company Ltd or STARC will operate as Permasense's exclusive representative in Saudi Arabia
 
YBA Kanoo acquires services company in KSA

YBA Kanoo acquires services company in KSA

Technical Contracting Company (TCC) specialises in mechanical, electrical, instrumentation contracting and maintenance services for the past three decades
 
LUX Assure secures $3.2mn investment

LUX Assure secures $3.2mn investment

Funding will be provided by a group of international oil companies and financial institutions, including ConnocoPhillips, Statoil and the Scottish Investment Bank
 
Tasweeq integrated into Qatar Petroleum

Tasweeq integrated into Qatar Petroleum

The integration will involve transitioning Tasweeq's employees, assets and customer relationships into the QP organisation before the end of the year
 

 

Oman's crude oil output rises marginally in May

Oman's crude oil output rises marginally in May

Sultanate's production during May 2016 stood at 30.10mn barrels, a daily average of 999,836 barrels
 
Lukoil quits Aramco JV project in Saudi Arabia

Lukoil quits Aramco JV project in Saudi Arabia

Luksar, as the project is known, was 80% owned by Lukoil and 20% by Saudi Aramco
 
Qatar to reduce condensate exports by 33% in 2017

Qatar to reduce condensate exports by 33% in 2017

Starting January next year, Qatar will export around 20 cargoes of condensates a month, down from the 30 it is exporting presently
 
BP eyes investment in Iran oilfields: Report

BP eyes investment in Iran oilfields: Report

Negotiations are underway with BP for cooperation in oilfield development, boosting recovery rate at oilfields and research projects
 
PDO honours 50 staff for driving efficiency

PDO honours 50 staff for driving efficiency

The employees have been formally accredited as 'Lean' practitioners for implementing projects which have eradicated waste and unnecessary or uneconomic work practices
 
Mubadala appoints new CEO for energy subsidiary

Mubadala appoints new CEO for energy subsidiary

Ahmed Saeed Al Calily to replace acting CEO Homaid Al Shimmari
 
ENOC secures $230mn loan from major Chinese bank

ENOC secures $230mn loan from major Chinese bank

Dubai Government-owned oil company says loan will finance its 'long-term strategic growth'
 
Iran gives Total 6 months for making oilfield bid

Iran gives Total 6 months for making oilfield bid

Deputy Oil Minister says several European and Asian firms have expressed willingness to develop the South Azadegan oilfield, and that the Islamic Republic's MoU with Total is not binding
 
BP Oman completes 70% work in Khazzan gas field

BP Oman completes 70% work in Khazzan gas field

BP Oman plans to start the drilling of the first exploratory well of gas before the end of 2016
 
Oman plans to tender five oil blocks in October

Oman plans to tender five oil blocks in October

These oil and gas blocks spread in different parts of the country will be awarded, after a tending process, on production sharing basis, according to the Sultanate's Ministry of Oil & Gas
 
Aramco to boost capacity of east-west pipeline

Aramco to boost capacity of east-west pipeline

The Saudi oil giant is planning to expand the capacity of its east-west crude pipeline to 7mn barrels per day by the end of 2018 from the current 5mn bpd level
 




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