Ahead of COP28, DecarbonX, an Angara initiative driving decarbonisation solutions for petroleum infrastructure, is calling for urgent action from the petroleum industry to tackle the issue of fouling in refineries
Petrochemicals
Japan provides loan for Basra Refinery Upgrading Project
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of the Republic of Iraq in Baghdad to provide a Japanese ODA loan of up to 203,060mn yen (US$1.39mn) for the Basra Refinery Upgrading Project
Aramco records strong Q2 performance despite challenges in global oil prices
Despite the decrease in global crude oil prices in Q2 of 2023, Aramco has recorded a strong financial performance in the same period, driven by efficient low-cost production and supply reliability
Technip Energies to develop master plan for Ras Al Khair industrial city
Technip Energies has been selected by Aramco for the project management consultancy (PMC) contract to develop the master plan for Ras Al Khair, a new industrial city in the eastern province of Saudi Arabia
Egypt unveils new petrochemical projects worth US$9bn
The Egyptian Ministry of Petroleum and Mineral Resources has recently unveiled new refining and petrochemical ventures totalling US$9bn, according to Arabian Business