Downstream News


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Oil Major Total and Aramco Sign $5B Deal to Build Jubail Petrochem Complex
Tuesday, April 10, 2018 French oil and gas major Total signed a $5 billion deal with Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery.

India Prepared to Give Saudi Aramco 50 pct Stake in Planned Mega Refinery
Tuesday, April 10, 2018 India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million barrels per day west coast refinery - a move that would give the kingdom a new stable outlet for its oil.

Saudi Arabia Expects No Oil Supply Impact From Houthi Tanker Attack
Wednesday, April 04, 2018 An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister says.

Saudi Aramco Finalizes Refinery Deal With Malaysia's Petronas
Wednesday, March 28, 2018 Saudi Aramco finalizes a deal with Malaysian state energy company Petronas.

ADNOC Signs Two 3-Year Naphtha Sales Deals With Asian Firms
Wednesday, March 28, 2018 ADNOC says it has signed two 3-year agreements with Japan's Idemitsu Kosan Co. Ltd and Thailand's SCG Chemicals.

Iraq May Build Oil Storage In Japan, South Korea To Drive Asian Sales
Tuesday, March 27, 2018 Iraq is studying the possibility of building crude oil storage facilities in South Korea and Japan.

UAE's ADNOC Awards $3.5B Contracts To Samsung Engineering
Monday, March 26, 2018 ADNOC says it has awarded two contracts to South Korea's Samsung Engineering.

Iran Inches Closer To Dream Of Gasoline Independence
Wednesday, March 21, 2018 Iran has sharply reduced its gasoline imports in recent weeks after starting up a new refinery, trade sources say.

Iraq Mulls Building an Island to Boost Oil-Exporting Capacity
Monday, March 19, 2018 OPEC's second-biggest producer is ramping up efforts to expand capacity to pump and export oil.

Qatar Selects Japan's Chiyoda Corp For Gas Field Design Contract
Monday, March 19, 2018 Qatar Petroleum has chosen Japan's Chiyoda Corp to design up to four large LNG production plants.

Iraq's Oil Ministry Calls For Investors For Anbar Refinery
Thursday, March 15, 2018 Iraq's oil ministry calls on companies to invest in a project to build a 70,000 barrel-per-day oil refinery in the western province of Anbar.

Iraq To Increase Kirkuk Oilfields Output To Supply Refineries
Wednesday, March 14, 2018 Iraq's NOC has begun testing operations at its oilfields in Kirkuk to increase crude supply for domestic refineries.

Saudi Petrochemical Producers Plan to Return to Merger Table
Tuesday, March 13, 2018 Sahara Petrochemical Co. and Saudi International Petrochemical Co. plan to resume talks about a potential merger, four years after a tie-up was put on hold.

Iraq Says Plans To Reduce Oil Products Imports By 25%
Monday, March 12, 2018 Iraq's oil ministry says the nation would reduce its petroleum products imports by 25%.

Wood to Develop World's Largest Crude Oil to Chemicals Complex
Friday, March 09, 2018 Wood has been selected to develop the world's largest fully integrated crude oil to chemicals complex in the Kingdom of Saudi Arabia, on behalf of Saudi Aramco and SABIC.

A $7.5 Billion Pipeline Has Surprise Patrons: Taliban Militants
Friday, March 09, 2018 After decades of talks, Afghanistan finally broke ground last month on a $7.5 billion gas pipeline that will run through areas controlled by the Taliban.

Israel Expects Decision On East Med Gas Pipeline To Europe In 2019
Thursday, March 08, 2018 Israel expects a decision to go ahead with the construction of a pipeline linking vast eastern Mediterranean gas resources to Europe to be made by early 2019.

CEO: ADNOC To Build Largest Global Refining & Chemical Site
Tuesday, March 06, 2018 ADNOC plans to build the world's largest integrated refining and chemical site in Ruwais.

Sources: Russia's Rosneft Holds Key To Fixing Iraqi Kurdistan Oil Flows
Monday, March 05, 2018 Rosneft has emerged with an important role in talks between Iraq's government and Iraqi Kurdistan on resuming full oil exports.

Saudis Cut Asia Light Oil Pricing for First Time in Eight Months
Monday, March 05, 2018 Saudi Arabia cut pricing for Arab Light crude to Asia for the first time in eight months.

Total Interested In Building 150,000 Bpd Iraq Oil Refinery - Sources
Tuesday, February 27, 2018 Total is interested in bidding to build the greenfield 150,000 barrels per day Nassirya oil refinery in Iraq, according to 2 sources familiar with the matter.

Leaders Launch Start Of Afghan Section Of TAPI Gas Pipeline
Friday, February 23, 2018 Regional leaders launch construction work on the Afghan section of an $8 billion natural gas pipeline.

SOCAR's Oil Refinery In Turkey To Start Up In 3Q 2018
Thursday, February 22, 2018 The first new oil refinery to be built in Turkey in 30 years will start up in Q3.

Statement: Iraqi Oil Minister To Visit Turkey
Monday, February 19, 2018 Iraqi Oil Minister Jabar al-Luaibi will visit Turkey at the end of the week at the invitation of his Turkish counterpart to discuss the resumption of oil exports through Turkey's Ceyhan port.

Israel to Export Natural Gas to Egypt in $15 Billion Deal
Monday, February 19, 2018 The lead partners in Israel's largest gas fields said they signed a $15 billion export deal with Egypt.

Abu Dhabi Broadens Oil Partnerships in $1.5B Cepsa Deal
Monday, February 19, 2018 ADNOC awarded a second slice of its offshore concessions in as many weeks, this time to refiner and producer Cia Espanola de Petroleos SA for a $1.5B fee.

JODI: Saudi Oil Exports Rose Slightly In December
Monday, February 19, 2018 Saudi Arabia increased its crude oil exports slightly in December to 7.045 million bpd, official data shows.

Iraq Says $4B Needed For New Downstream Oil Investments
Tuesday, February 13, 2018 Iraq needs $4 billion for new investments in its downstream oil industry, oil minister Jabar al-Luaibi says.

Iraq Signs Agreement To Build Oil Refinery Near Kirkuk
Thursday, February 08, 2018 Iraq has signed an agreement to build a 70,000-barrels-per-day oil refinery near the northern city of Kirkuk, the oil ministry says.

ADNOC Awards Ruwais Upgrade to Samsung-CB&I JV
Wednesday, February 07, 2018 The project will introduce crude processing flexibility at Ruwais Refinery-West.

Kuwait Petroleum To Spend Over $500B By 2040 As It Lifts Oil Capacity
Wednesday, January 31, 2018 Kuwait Petroleum Corp expects to spend over $500 billion as it boosts its crude oil production capacity to 4.75 million barrels per day in 2040.

Iraq To Build Oil Refinery In Fao With Chinese Firms, Plans 3 Others
Monday, January 29, 2018 Iraq plans to build an oil refinery at the port of Fao on the Gulf with 2 Chinese companies.

Qatari Condensate Prices Rally On Robust Asia Demand Amid Tight Supply
Monday, January 29, 2018 Asian refiners and petrochemical makers are snapping up cargoes of Qatari condensates.

Iraq, Orion Sign Deal To Process Gas From Giant Oilfield
Monday, January 22, 2018 Iraq agrees a deal with U.S. energy company Orion to process natural gas extracted at its giant Nahr Bin Omar oilfield.

Saudi's Refined Oil Exports Offset Crude Curbs
Friday, January 19, 2018 The share of Saudi Arabia's exports of refined oil products steadily rose throughout 2017, offsetting a drop in overseas crude oil sales.

CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV
Thursday, January 18, 2018 Three-way agreement is 'technological first,' says Saudi Aramco president.

Saudi Aramco Hires Former Shell Executive For Chemicals Business
Wednesday, January 10, 2018 State oil giant Saudi Aramco hires Olivier Thorel, a former senior executive at Royal Dutch Shell, as executive director for its chemicals business.

Saudi-Led Coalition Says Thwarts Houthi Attack On Oil Tanker
Wednesday, January 10, 2018 The Saudi-led coalition fighting in Yemen says it had thwarted an attack on a Saudi oil tanker over the weekend.

Israel's Oil Refineries To Build 135 MW Natural Gas Power Plant
Wednesday, January 03, 2018 Israel's Oil Refineries receives government approval to build a 135 megawatt natural gas-fueled power station to replace an old coal-fired plant.

Gulf Mostly Rises On Oil Surge; Saudi Petchems, Builders Up
Wednesday, December 27, 2017 An overnight surge in the Brent oil price above $67 a barrel for the first time since May 2015 helped most Gulf stock markets rise.

Kuwait Secures LNG Deal as Gulf Energy Exporters Hunt for Gas
Sunday, December 24, 2017 Kuwait struck a 15-year deal with Shell for LNG, locking in supplies as neighbors in the oil rich Gulf consider their own import strategies.

Saudi Aramco Embarks on Global Hunt for Natural Gas Supplies
Thursday, December 21, 2017 Saudi Aramco is looking for natural gas assets from Russia to East Africa and the US.

Qatargas Signs Deal To Deliver LNG To Austria's OMV
Wednesday, December 20, 2017 Qatargas agrees a sale and purchase deal with OMV.

Iraq To Use Drones To Protect Oil Pipelines From 2018
Monday, December 18, 2017 Iraq plans to use drones to monitor and protect its export and production pipelines in the first quarter of 2018, an oil ministry spokesman says.

Gas Demand to Get Boost as Supply Surge Sends Prices Lower
Thursday, December 14, 2017 Demand for natural gas will continue to rise over the next two decades, according to the Gas Exporting Countries Forum.

Iraq Boosts Output Capacity At Kirkuk Oil Refinery-Oil Ministry
Monday, December 11, 2017 Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant's capacity to 56,000 barrels per day.

UAE's ADNOC Proposes Change To Oil Price Mechanism
Monday, December 11, 2017 ADNOC seeks feedback from Asian buyers on whether it should change its monthly pricing mechanism.

CB&I Wins Contract for Saudi Aramco-Shell Project
Thursday, December 07, 2017 Contract valued at more than $95 million, CB&I reports.

Adnoc Unit IPO to Raise $902 Million After Narrowing Range
Wednesday, December 06, 2017 Abu Dhabi National Oil Co. plans to raise as much as $902 million from the IPO of its fuel-retailing unit.

TechnipFMC-Led Consortium To Expand Bahrain Refinery
Friday, December 01, 2017 Bapco has awarded a consortium led by UK-based TechnipFMC a contract to expand Bahrain's only oil refinery.