Italian engineering company Saipem has received a contract worth US$850mn from Kuwait Oil Company (KOC) to build 450km pipeline system for the new Al Zour refinery located in the south of Kuwait
Petrochemicals
Shell complete SADAF chemicals sale in KSA to SABIC for US$820mn
Shell has completed the sale of its 50 per cent share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for US$820 million
Sadara, the world’s largest chemicals complex built in a single phase, commemorates commissioning of all 26 plants
Commissioning of its last plant, the region’s first isocyanates facility, marks milestone achievement for the massive chemicals complex
Saudi Arabia to cut crude allocations by 520,000 bpd in September 2017
Saudi Aramco will cut crude oil allocations by at least 520,000 bpd to its customers worldwide in September 2017, in relation to Saudi Arabia’s commitment to OPEC’s deal on global supply reduction
Petrofac and Samsung Engineering awarded JV contract for Duqm refinery project in Oman
Petrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2bn with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman