The Kuwait government had awarded more than KD6 billion ($20.7 billion) worth of contracts by the end of August, almost twice as much as last year, making the country’s projects market among the fastest growing in the region, said a report
Satorp, Total's joint venture refinery in Jubail, Saudi Arabia, reached its full operating capacity of 400,000 barrels per day (bpd) in August, just one of a series of big, complex refineries ramping up over the next year.
Libya's El Sharara oilfield is operating, but the Zawiya refinery it connects to is still closed after storage tanks there were damaged during fighting between armed groups, a Libyan oil official said.
State-owned Emirates Global Aluminium (EGA) plans to spend $3 billion to build the UAE's first alumina refinery in Abu Dhabi, chief executive Abdulla Kalban has said.
Feasibility studies have been completed and the refinery wi
Libya's 120,000 barrels per day (bpd) Zawiya refinery has been shut down after storage was damaged in fighting between armed groups, an oil ministry official said.
The El Sharara field feeding the refinery
Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm El Sheikh.
The first agreeme
Thai energy company PTT has joined with Saudi Aramco, the world's biggest oil producer, to submit a proposal to the Vietnamese government to build a $22-billion refinery and petrochemical complex in Vietnam, a senior PTT official said.
Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it on financing options for its multi-billion-dollar Clean Fuels Project, the bank said on Sunday.
Part of the country
Kuwait has shut a 120,000 barrels per day crude unit at the Mina Al Ahmadi refinery for planned maintenance, the head of state-run oil refiner Kuwait National Petroleum Company (KNPC) said.
The maintenance will
Yanbu Aramco Sinopec Refining Co (Yasref) has started trial runs this month at its 400,000-barrel-per-day (bpd) refinery, five industry sources familiar with the matter said.
Arab Light crude has been fed into