Sunday 7 February 2016
 
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Refinery

Foreign firms eye Iran mazut-reduction projects

Japanese and South Korean companies have expressed interest in taking part in the projects for reducing of mazut production at Iranian refineries, a top official said. “Their investments will be reimbursed by the sale of pro

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Swiss group acquires Kuwait Petroleum refinery

Swiss trader Gunvor Group has completed the acquisition of its third European refinery from Kuwait Petroleum International (KPI), it said on Monday. The value of the deal was not disclosed. Gunvor said the 88,000 ba

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Swiss group acquires Kuwait Petroleum refinery

Swiss trader Gunvor Group has completed the acquisition of its third European refinery from Kuwait Petroleum International (KPI), it said on Monday. The value of the deal was not disclosed. Gunvor said the 88,000 ba

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Kuwait plans company to run refinery complex

Kuwait's National Petroleum Company (KNPC) said on Sunday it will set up a new company to run its planned Al-Zour refinery and petrochemical complex which, when built, will be the biggest in the Middle East. The new company, K

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Oman's Duqm project set for expansion

The Oman government has expanded the total area of the Special Economic Zone at Duqm region to 2,000 sq km from the previous 1,745 sq km to help accommodate oil storage activities at the Ras Markaz area of the sultanate, said a report.

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Oman's Duqm project set for expansion

The Oman government has expanded the total area of the Special Economic Zone at Duqm region to 2,000 sq km from the previous 1,745 sq km to help accommodate oil storage activities at the Ras Markaz area of the sultanate, said a report.

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Chevron to dispose of 75pc of South African business

US oil major Chevron said on Thursday it plans to sell 75 per cent of its South African business unit which includes a 110,000 barrel a day refinery in Cape Town. Chevron is a leading refiner and marketer of petroleum products in

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Yemen's Aden oil refinery hit by blast, no damage

A blast hit oil pipelines connecting storage tanks at Yemen's southern port and its 150,000 barrel-per-day Aden refinery caused a fire early on Friday, a Yemeni official said.   A roadside bomb near the pipel

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Kuwait to permanently shut heavy oil unit

Kuwait has decided to permanently shut its heavy oil cracking unit at its Shuaiba refinery which has been shut since a fire at the unit in August, a spokesman for the state refiner said on Wednesday. The closure of the unit has re

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Bapco hits new crude run milestone

Bahrain Petroleum (Bapco) has announced that the refinery has hit a new record by achieving an average crude run for the whole of last year of 265,600 barrels per day (bpd). “This is the highest crude run in the last decade since 2005,&r

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