Middle East
Qatar Petroleum announces integration of Qatar Vinyl, QAPCO
DOHA, Qatar – Qatar Petroleum announced a plan to integrate the activities of Qatar Vinyl Company (QVC), which is part of Mesaieed Petrochemical, into Qatar Petrochemical Company (QAPCO), which is part of Industries Qatar, through a service agreement arrangement. The result will be a single company, QAPCO, operating the facilities of both companies.
Russia says in talks over Iranian oil purchases
SOCHI, Russia (Reuters) -- Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports.
Saudi Aramco to invest $7 B in Petronas' RAPID oil refinery
KUALA LUMPUR (Reuters) -- Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, the companies said on Tuesday, pumping in $7 billion in its biggest downstream investment outside the kingdom.
OPEC compliance seen growing as laggards Iraq and UAE pledge action
LONDON (Reuters) -- OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards -- the United Arab Emirates and Iraq -- pledge to catch up quickly with their targets.
Saudi Aramco in lead to buy OMV's Turkish unit Petrol Ofisi
KHOBAR, Saudi Arabia/LONDON (Reuters) -- Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV, sources familiar with the matter said.
Qatar minister says it’s too early to say whether output cuts to be extended
LONDON (Reuters) -- It is still too early to say whether oil producers will extend their output reduction agreement when members of the Organization of the Petroleum Exporting Countries meet in May, Qatar's energy minister said on Wednesday.
Malaysia's Petronas, Saudi Aramco may sign new deal on refinery project
KUALA LUMPUR (Reuters) -- Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in the country's Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.
Qatar's Ras Laffan Refinery 2 to focus on jet fuel
DOHA (Reuters) -- Jet fuel will be the most widely used product from Qatar's Ras Laffan Refinery 2 and a pipeline connecting it to Doha's Hamad International Airport is expected to be completed by next year, Qatar Petroleum chief executive Saad al-Kaabi said on Monday.
Saudi Aramco launches base oils business as part of downstream integration strategy
DHAHRAN -- Saudi Aramco has announced its intention to enter the base oils business. The Company made the announcement as part of its effort to optimize the value of its petroleum molecules and grow its refining and chemicals portfolio.
ADNOC offers Murban crude from S. Korea storage in rare move
SINGAPORE (Reuters) -- Abu Dhabi National Oil Company has offered Murban crude to be loaded in April from its oil storage in South Korea in a rare move, three trade sources said on Thursday.
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