Saudi Aramco signed a deal with Chinas Sinopec to build a 400,000 bpd oil refinery in Yanbu, on the kingdoms Red Sea coast.
Exploration & Production
Genel to upgrade Tawke plant and pipeline
Genel Energy will embark on a plant and pipeline upgrade of the Tawke oilfield following a significant increase in the gross reserves of the field.
UAE oil export pipeline to be ready in six months
UAE Oil Minister Mohamed Bin Dhaen Al Hamli stated that the oil pipeline that will allow the country to export oil via Fujairah should be operational within six months.
NPCC bags EPC contract in India
Indias Oil and Natural Gas Corp (ONGC) has awarded National Petroleum Construction Company (NPCC) a US$150.6mn contract for the engineering, procurement and construction (EPC) of Platforms 14 and 16 in the Mumbai High Field.
Iran awards drilling contract to Global Petrotech
Irans Oil Ministry awarded Global Petrotech Company a contract to drill two appraisal wells in the South Pars oil layer.
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