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Aramco Seeks $5bn Yasref Funds Taking Total Over $20bn
...me of the financial pain felt by other oil companies with crude prices down 65% since June 2014, it has major project expansions under way, not only in the upstream, but also in refining and – in a strategic extension of its operating ‘territory’ – into petrochemicals. Aramco has not publicly es...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Bahrain Signals Start Of Sitra Refinery Expansion, Targets 2020 Start-Up
...ouping the US major with compatriot contractor CB&I, for technology licenses and engineering design for the residue and vacuum gasoil hydrocrackers (MEES, 24 October 2014). FEED work was initially scheduled for completion by the end of 2015, with a view to EPC contract awards in 2016 and completion in...
Volume: 58Issue: 51Published at Fri, 18 Dec 2015 -
Petchem Firms Face Saudi Ethane Supply Restrictions
...oject is a dual‐feed cracker which will produce 1.5mn t/y of ethylene and 400,000 t/y of propylene. Sadara, however, scheduled for a 2014 startup, is unlikely to be on stream before 2016 – it has not yet started building the cracker, which will take three years. Saudi Aramco CEO Khalid al-Fa...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012