$600 million Storage facility on Red Sea coast With the Shoaiba storage facility, Saudi Aramco expects to facilitate the distribution of the transportation fuels and petrochemical bulk across the different regions of its local market in Saudi Arabia. These transportation fuels and petrochemical bulk include mainly Gasoline, Diesel, and Benzene with a rather unbalanced consumption between Central, […]
ReadTaipei spots Petrochemicals as a strategic sector December 2011 – In an effort to maximize the economic value of petrochemical materials and minimize carbon emission, the Ministry of Economic Affairs (MOEA) of Tawain set up the High Value Petrochemical Industry Promotion Office (PIPO) with the missions to: – Establish R&D centers – Form information platform for the strategic alliances, […]
ReadMethanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y of Methanol and is the world’s largest supplier of Methanol to major international markets with production units in Canada, Chile, Egypt, New Zealand and Trinidad. Methanol is produces mainly out of natural gas, therefore the access to reliable and […]
ReadCheniere secured first phase Sabine Pass LNG funding In February, the private equity firm Blackstone Group LP (Blackstone) provided Cheniere Energy Partners (Cheniere) with $2 billion to finance Sabine Pass LNG Export Terminal conversion project. Since then Cheniere had appointed eight financial institutions to raise up to $4 billion in debt to complete the financing. As […]
ReadDefinition Oil sands are bitumen deposits which naturally occurred from the mixture of thick, heavy oil, water and sand. Since the heavy oil is classified as bitumen, Oil sands are scientifically named as Bituminous sands. Oil sands may also be called Tar sands where Tar refers to the residue produced from organic material distillation such as bitumen. […]
ReadExxonMobil to boost oil sand production in Canada Through Imperial Oil Ltd (Imperial Oil), ExxonMobil is planning to double upstream production capacity in Canada in the period 2010 – 2020 supported by $30 to $40 billion capital expenditure. Imperial Oil is an ExxonMobil company based in Calgary and operating oil and gas production, refining and petrochemical […]
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