A new project consortium will be created to oversee the front-end engineering design, green-field project financing and process flow management of the recently signed deal between Dubai and China’s Sonangol for a state-of-the-art refinery.
Dubai has signed a memorandum of understanding (MoU) for China Sonangol International to build an oil refinery to reduce the Middle East financial hub's reliance on imported fuels, the government said on Thursday.
Yokogawa Electric Corporation said one of its subsidiaries has clinched an order from JX Nippon Oil & Energy Corporation (JXE) to execute the front end engineering design (FEED) for an oil refinery project.
Founded in 1915, Yo
Iraq has selected seven international oil companies (IOCs) to bid to develop its Nassiriya oilfield and build a refinery as part of plans to expand the country's downstream operations, the oil ministry said.
Wounded soldiers protested outside western Libya's main oil refinery on Thursday, closing operations for a second time this month, a company spokesman said, and raising fears of a petrol shortage in the war-battered country.
Egypt's Citadel Capital could be an investor in Uganda's proposed $2.5 billion oil refinery project, the Egyptian private equity firm's managing director said.
Uganda, east Africa's third-largest economy, has said
A gas leak caused an explosion that killed at least 19 people at Venezuela's biggest oil refinery on Saturday and wounded more than 50 in the Opec nation's worst industrial accident in recent memory.
The deadly blast follows a s
Bahrain Petroleum Company (Bapco) has chosen GE to design and supply a Membrane Bioreactor (MBR) system for its oil refinery wastewater treatment plant in Sitra.
The project and the GE-supplied advanced water treatment technology will supp
Oman plans to boost capacity at its Sohar refinery by up to 50 percent by 2016 to satisfy its own rapidly rising fuel demand, the chief executive of Oman Oil Refineries and Petroleum Industries Company (Orpic) said.
Oman could spend up to
India is ready with a back up plan to cope with a halt to supplies of crude from Iran, its oil minister S Jaipal Reddy said on Thursday, adding there will not be any oil shortages due to Iran halting supplies in August.
"No. There will not