News archive

JGC lands $3.7bn Iraq refinery up-gradation deal

JGC lands $3.7bn Iraq refinery up-gradation deal

JGC Corporation, an engineering company headquartered in Japan, said it has secured a contract for the up-gradation of a major refinery in the Iraqi port city of Basrah. The engineering, procurement, ...
21 September 2020
SABIC to expand capacity in Asia for NORYL SA9000 resin

SABIC to expand capacity in Asia for NORYL SA9000 resin

SABIC intends to boost production capacity for its specialty NORYL™ SA9000 resin to support the rapid growth of high-performance printed circuit boards (PCBs) used in 5G base stations and high-speed servers....
07 September 2020
IOC to invest 1268 cr to set up coker unit in Odisha

IOC to invest 1268 cr to set up coker unit in Odisha

Indian Oil Corp (IOC) recently said that its board has approved an investment of Rs 1,268 crore for setting up a needle coker unit at the firm's Paradip refinery in Odisha. "The proposed unit will have...
07 September 2020
GAIL looks at petrochemicals, renewables for growth

GAIL looks at petrochemicals, renewables for growth

GAIL India Ltd. is eyeing expansion in petrochemicals, specialty chemicals, and renewables to supplement growth in its core business of natural gas marketing and transportation, its chairman Manoj Jain has said....
07 September 2020
CIL to invest over Rs. 1.22 tn on 500 projects by 2024

CIL to invest over Rs. 1.22 tn on 500 projects by 2024

To achieve 1 billion tonnes (BT) coal production by the year 2023-24 and make the nation Aatmanirbhar in coal, National Miner Coal India Ltd. (CIL) will invest over Rs. 1.22 lakh crores on about 500 projects...
07 September 2020
NKDA starts work to set up a biogas plant

NKDA starts work to set up a biogas plant

The New Town Kolkata Development Authority (NKDA) has started the work to set up its first biomethane gas plant in New Town as a pilot project that will process five tonnes of organic or wet waste per...
07 September 2020
Iraq to proceed with Nebras petrochemical project

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 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

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

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...
07 September 2020