Definition Heads of Agreement (HOA) refers to the first document signed between parties in the perspective to go for a fully bidding contract. Heads of Agreement may also be called Shake hands Agreement and is different from Memorandum of Understanding (MOU). Comments Parties willing to close a bidding agreement or contract are aware that such a process […]
ReadQatar to invest $25 billion in petrochemicals until 2020 In February 2012, Qatar Petroleum (QP) and Qatar Petrochemicals Corporation (Qapco) had signed a Heads of Agreement (HOA) to add a $5.5 billion petrochemical complex in Ras Laffan Industrial City, Qatar. In this project QP and Qapco will share interests according to: – Qatar Petroleum 80% – Qapco 20% In Qapco […]
ReadIraq export pipeline to Aqaba to substitute Syria pipeline SNC Lavalin from Canada and Stroytransgaz from Russia had been appointed respectively in 2011 and 2010 to provide consultation services and rehabilitation work studies to build two crude export pipelines and one gas pipeline through Syria. These pipelines should have a total capacity of 2.75 million […]
ReadDefinition Clean fuels appeared in the 1990s to refers to energies to be used in transportation applications as a substitute of the conventional diesel and gasoline. Since then the wording Clean Fuel has been adopted by refiners to designate the new diesel and gasoline developed to improve efficiency and reduce emissions of greenhouse gases and […]
ReadSaudi Aramco extends Jacobs’s FEED on $3 billion Ras Tanura Refinery Clean Fuel and Aromatics project In May 2011 Saudi Aramco awarded the Front End Engineering and Design (FEED) to Jacobs ZATE for the Ras Tanura Refinery Clean Fuel and Aromatics project. Located in the Eastern Province of Saudi Arabia, along the Arabian Gulf, Ras […]
ReadSkrugard and Havis confirm Barents Sea potential Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations. Under the license PL 532, Statoil and its partner share working interests in Skrugard and Havis as following: – Statoil 50% and […]
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