Tuesday 6 December 2016

Sarens Nass JV in record lift at Kuwait refinery

Sarens Nass Middle East (SNME), a joint venture between Nass Group of Bahrain and Belgium-based Sarens NV, said it has executed a record-setting lift at the Kuwait National Petroleum Company (KNPC) refinery, which is implementing a clean fuels project (CFP). The Bahrain-based com


Muntajat backs ArabPlast 2017 as sponsor

Muntajat, Qatar Chemical and Petrochemical Marketing and Distribution Company, will take part in the upcoming ArabPlast 2017 as a sponsor. The Qatari company aims at promoting Qatar’s chemicals, polymers and fertilisers during the most important international petrochemicals


Adnoc staff march to mark 45 years of ops

Over 2,000 Abu Dhabi National Oil Company (Adnoc) Group employees, from across 18 operating companies, walked together to mark the 45th anniversary of the founding of Adnoc on November 28, 1971, a report said. They walked from Adnoc’s headquarters to the headquarters of the


Emerson supplies reservoir software to KOC

US-headquartered Emerson Automation Solutions has supplied its Roxar RMS reservoir modeling software to Kuwait Oil Company (KOC). The new licenses will be used to build more accurate and detailed reservoir models. The new contract expands KOC’s wide adoption of previously p


Iran petchem firm eyes $1bn for expansion

Iran’s Persian Gulf Petrochemical Industries Co (PGPIC) is in talks with Asian companies to raise around €1 billion ($1.1 billion) for an expansion scheme, including a methanol project, intended to serve China and other Asian customers. Touraj Seyed Arvanaqi, managing


Schlumberger inks oilfield study with Iran

Schlumberger, the world’s largest oil driller by market value, has signed a preliminary deal to study an Iranian oilfield with the National Iranian Oil Company, a report said. Schlumberger said the deal does not involve the execution of oilfield services operations and it i


Product value ‘key to growth in chemicals sector’

The way to sustain growth in the chemicals industry is to continue developing more differentiated, higher value products; continue creating strong brand identities; and continue upgrading to stay ahead of the curve, said a senior official. Abdulaziz Judaimi, business line head of


Big drop in turbines, generators market forecast

The global market for boilers, turbines, and generators (BTG) is set to decrease from a cumulative $318 billion during the period 2010-2015, to $241 billion during 2016-2020, according to research and consulting firm GlobalData. The BTG market will experience the drop as capacity


Orpic offers SMEs opportunities worth $400m

Oman Oil Refineries and Petroleum Industries Company (Orpic) is offering business opportunities worth of $400 million for small and medium enterprises (SMEs) at its $6.5 billion-Liwa Plastics Industries Complex, said a report. These business opportunities, including sub-contracti


Mubadala, HNA Group announce expanded collaboration

Mubadala, the Abu Dhabi investment and development company, and Chinese aviation and shipping conglomerate HNA Group have signed a Memorandum of Understanding (MoU) regarding expanded investment collaboration between the two organizations. Following a series of senior leadership

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