The Essar Group has announced that it is partnering up with clean-energy specialists Progressive Energy to…
Oil & Gas – Downstream & Petrochemicals
SOCAR Polymer to create clusters to kick-start Azeri SMEs
SOCAR, Azerbaijan’s state-owned oil company, is to use its new $750m petrochemical complex to kick-start the…
Now Total considers investing $10bn in Iranian petrochemicals development
Just months after signing a $5bn deal to participate in the development of Iran’s giant offshore …
Rosneft and ChemChina sign up to giant FEPCO petrochemical JV
FEPCO: China’s chemical giant ChemChina yesterday agreed to enter into a joint venture with Rosneft to…
SOCAR scales back plans for Azeri gas chemical complex as Japanese pull out
Azeri gas chemical complex: The annual processing capacity of Azerbaijan’s planned new gas chemical complex is to be…
SPIEF#1: Lukoil puts “non-strategic” European oil refineries up for sale
Russia’s largest privately owned oil company Lukoil is gearing up to sell off its oil refineries in Italy, Romania, Bulgaria…
China and Azerbaijan sign MoU for $17bn OGPPC downstream project
OGPPC: China’s largest oil and gas producer and supplier CNPC has signed an MoU with the…
Tehran looking to attract $77bn for Iranian petrochemical industry
The Iranian petrochemical industry needs to attract $77bn in investment by the end of the decade if it…
China’s CNTIC to invest €1.7bn in Iranian Mehran petrochemical plant
Mehran petrochemical plant: CNTIC – the China National Technical Import & Export Corporation – this week agreed…
Iran considers Austrian petrochemical hub to target Eastern Europe
Austrian petrochemical hub: Iran’s Petrochemical Commercial Company (PCC) is thinking of building a petrochemical hub in Austria…
Iran eyes up Indian oil refineries in bid to secure exports
Iran would be interested in developing Indian oil refineries as a means of ensuring the sale of its crude oil…
Astana looks for new partner for $4.1bn Atyrau petrochemical complex
Kazakhstan is looking for a new partner to help build phase two of the Atyrau petrochemical complex after last month’s…
SOCAR shelves plans for $8.5bn Sangachal petrochemical complex
The global collapse in oil prices has forced the State Oil Company of Azerbaijan (SOCAR) to shelve…
Italy’s Maire Tecnimont signs €1bn petrochemical deal with Iran
The Italian engineering company Maire Tecnimont has signed a €1bn agreement with Persian Gulf Petrochemical Industries (PGPIC) to…
German and Japanese firms pledge $4bn to Iranian petrochemicals
Iranian petrochemicals: The German Linde Group has joined forces with Japan’s Mitsui to put together a $4bn investment…
Germans propose $12bn investment in Iranian petrochemicals sector
A group of German companies are proposing to invest €12bn in the Iranian petrochemicals sector, Iran’s Deputy Oil Minister…
Turkish investors eye up $6bn investment in Maku petrochemical plant
A group of Turkish investors is considering investing $6bn in a petrochemical plant in Iran’s north-western city…
Iran and China join in construction of Kazakhstan’s Mangistau oil refinery
Mangistau oil refinery: Iran, China and Kazakhstan are to join forces to build a new oil…
KazMunayGas considers Kazakh oil refinery privatisation
Kazakh oil refinery privatisation: Kazakhstan’s Atyrau, Pavlodar and Shymkent oil refineries could be put up for…
Petrovietnam to build Dagestan oil refinery
Vietnam’s state-owned PetroVietnam has agreed in principle to invest up to $300m in the construction of…
Indian Oil plans $3bn petrochemicals plant in Iran
Indian Oil is planning to build a $3bn petrochemicals plant in Iran, according to unnamed sources quoted in Bloomberg yesterday. The…
European refineries keen to resume purchase of Iranian oil
Refineries in southern Europe are ready to resume purchases of Iranian oil, hoping to reduce the…
SOCAR commits $1.2bn to modernisation of Azeri oil refineries
Azeri oil refineries: Azerbaijan’s state-owned oil company has committed $1.2bn to the modernisation of the country’s oil refineries.…
Russia considers reducing Belarus oil supply as Minsk redirects petroleum exports
Belarus oil supply: In yet another indication that all is not necessarily plain sailing within the newly formed…