The blockbuster deal, involving Saudi Arabia’s Aramco taking up a minority stake in India’s Reliance Industries (RIL), is on track as the two sides remain committed to a long-term partnership. The deal was earlier scheduled to close by March, 2020 but is now delayed due to COVID-19 and expected to be completed later this year.
Brooge Petroleum & Gas (BPGIC) is nearing full completion of preliminary technical studies for the proposed Phase 3 180kbd (9Mnta) refinery and storage expansion at BPGIC’s existing terminal operations in Fujairah, UAE. MUC Oil & Gas Engineering Consultancy (MUC) is conducting the Front-End Engineering Design (FEED) study.
Shenghong Refining & Chemical (Lianyungang) (SRCLC) has awarded a contract to KBR to supply catalyst for a vinyl acetate monomer (VAM) project at its planned 320kbd (16Mnta) Lianyungang integrated refining complex in Jiangsu, China.
McDermott International has been awarded a large engineering and procurement contract from Azikel Petroleum for the modular 12kbd (0.6Mnta) hydro-skimming refinery project, located in Yenagoa, Bayelsa State, Nigeria.
Sinochem’s $4.64 Bn refining and petrochemical expansion project at the 240kbd (12Mnta) Quanzhou refinery to increase capacity by 60kbd (3Mnta) is aiming to start trial operations in late August, later than the previously expected May-June time-scale.