Saudi Aramco will cut crude oil allocations by at least 520,000 bpd to its customers worldwide in September 2017, in relation to Saudi Arabia’s commitment to OPEC’s deal on global supply reduction
Petrochemicals
Petrofac and Samsung Engineering awarded JV contract for Duqm refinery project in Oman
Petrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2bn with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman
SNC-Lavalin transitions into EPC phase of ammonia plant contract with Salalah Methanol Company
SNC-Lavalin has announced that it has received a notice to proceed from Salalah Methanol Company LLC (SMC) with the Engineering, Procurement and Construction (EPC) phase of its anhydrous liquid ammonia plant project, located in the city of Salalah, Sultanate of Oman
UN Security Council adds Tanzanian-flagged tanker into sanction list
The United Nation Security Council Committee on Libya has added Tanzania-flagged tanker Capricorn to the UN sanction list, alleging that the product vessel was illegally exporting petroleum including gasoil and refined petroleum products
Sadara brings Kingdom’s first polyols plant on-stream
Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up the Kingdom’s first Polyols plant