Italian-Russian Saras will clear its debt towards Iran within 2017
Italian oil refiner Saras has paid 160 million euros ($177 million) of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief …
End-User Industries
Ineos acquired polyethylene pipe producer WLP in USA
Ineos has today announced it has acquired 100% of the shares of WLP Holding Corp., one of the largest high density polyethylene (HDPE) pipe manufacturers in …
BP Oman is almost done with Khazzan natural gas programme
BP Oman announced that phase one of its massive Khazzan natural gas project is 80 percent complete and on track to deliver first gas near the end of 2017. …
Kazanorgsintez and Technip together for ethylene cracking plants refurbishment
The Kazanorgsintez’s plant renovation project goes on with news from Kazan. Technip was awarded by Public Joint Stock Company Kazanorgsintez a contract …
Rosneft acquired Essar Oil in a $12.9bln agreement
Rosneft completes the signing of the Sale and Purchase Agreement for a 49% stake in Essar Oil Limited from Essar Energy Holdings Limited and its affiliates. …
Two big updates from Eni in Asia, Africa
Eni announces that the first batch of export crude oil has been shipped from the onshore processing plant of the giant Kashagan oil field, that recently …
China goverment is reportedly building a $100bln-revenue chemical giant
Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil giant …
Technip got two contracts by DEA Norge and Petronas
Technip has been awarded two important contracts in North Sea and in South Asia. The first one is an EPCI contract for the subsea development of the Dvalin …
Voith got a €11mln supply contract in South Africa
Voith received orders for modernizing three generators of the South African pumped storage power plant Drakensberg. The order covers manufacture, installation …
Over political détente, Russia and Turkey could greenlight TurkStream project next week
Turkey and Russia aim to finalize an agreement on the TurkStream natural gas pipeline project during a meeting between Turkish President Tayyip Erdogan and his …