Energy Update
Egypt has signed agreements with Kuwaiti companies for the development of $6.8bn petrochemical projects.
Mexico's state-run oil company Pemex has postponed its plan to upgrade refineries, which generate low-sulfur gasoline and diesel, due to budget cuts and plunging oil prices.
RT Global Resources-led consortium has been selected to build and operate a $2.5bn crude oil refinery in Uganda.
Brazil's state run oil company Petrobras has shutdown a major gasoline and liquefied petroleum gas cracking unit at its Duque de Caxias (Reduc) refinery, located outside Rio de Janeiro, Brazil, on Tuesday as part of emergency repairs program.
The Cameroon government is planning to raise $1.5bn from lenders to invest in the state-owned Sonara oil refinery and fund other development projects.
Consumer Watchdog today sent a letter to California Attorney General Kamala Harris and Robert Weisenmiller, Chair of the California Energy Commission, asking that they investigate Tesoro’s decision to shut down its Martinez refinery indefinitely as steelworkers mount a national strike.
India's Mangalore Refinery and Petrochemicals (MRPL) will acquire 43% stake in ONGC Mangalore Petrochemicals (OMPL), for an undisclosed amount.
Saudi Kayan reached an agreement with the Ministry of Petroleum and Mineral Resources and SABIC on Feb 5, to enhance the company’s business and financial performance.
Jacobs Engineering Group has been awarded a contract by BP Gelsenkirchen for concept engineering services to upgrade a hydrotreater unit at its refinery facilities in Gelsenkirchen, Germany.
Thailand’s state-owned energy firm PTT's board members have approved the sale of 15% interest in oil refiner Bangchak Petroleum to a state investment fund Vayupak.
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