News archive

07 September 2020

Iraq to proceed with Nebras petrochemical project

Iraq’s oil minister, Ahsan Ismail, reiterated the country’s willingness to progress with the implementation of the Nebras project to strengthen Iraq as a global player in the petrochemicals market, according...
07 September 2020

Saudi Aramco discovers two new oil and gas fields

Saudi Aramco discovered two new oil and gas fields in the north of the country, the kingdom’s energy minister said. The fields, Hadabat Al Hajarah and Abraq Al Talul are located in the northern Al Jouf...
07 September 2020

SOFAZ's revenues from oil, gas fields hit $3bn in 2020

State Oil Fund's revenues from the major oil and gas fields amounted to USD 3bn for the period of January-August 2020, the Fund has reported. According to the statement, revenues from the Azeri-Chirag-Guneshli...
07 September 2020

GASTEC to launch 366 stations worth $1bn in 3 years

The Chairman of Gastec company, Abdel Fattah Farahat, stated that the Minister of Petroleum and Mineral Resources, Tarek El Molla, directed towards expanding the establishment of natural gas stations by...
24 August 2020

New issue of SSWI&ME journal available!

The August-September issue of the Stainless Steel World India & Middle East journal is now available.The issue features a Spotlight on Laxcon Steels; a company that has grown consistently thanks to...
24 August 2020

Oryx Stainless finalize Borrowing Base credit facility

Oryx Stainless (Thailand) Co., Ltd. has successfully finalized Thai Baht 660M revolving Borrowing Base credit facility to support the growth strategy of Oryx Stainless Group in Asia. The facility is structured...
24 August 2020

SLR Metaliks to boost manufacturing capacity

Alloy steel producer SLR Metaliks recently said that it has invested around Rs 60-70 crore during COVID-19 induced lockdown to increase its manufacturing capacity by over 33% to 4 lakh tonne. This capacity...
24 August 2020

LTHE signs MoU with NTPC for CO2 to Methanol Plants

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with NTPC Ltd., a Maharatna PSU wherein LTHE shall be the E...
24 August 2020

Gevo, Praj Industries to develop SAF in India

Gevo and Praj Industries have signed a binding, definitive master framework agreement (MFA) to collaborate on providing sustainable aviation fuel (SAF). The agreement will see the firms develop renewable,...
24 August 2020

Talcher to expedite coal gasification project

Coal Minister Pralhad Joshi recently reviewed the progress made in the operational activities of Talcher Fertilizers Ltd and asked it to expedite the coal gasification project. Talcher Fertilizers Ltd...