DMEA - Downstream Middle East & Africa
Saudi Aramco expands scope of IPO via over-allotment option
Saudi Arabia’s national oil company (NOC) Saudi Aramco revealed at the weekend that it had exercised its right to add additional shares to its initial public offering (IPO).
Syrian president authorises formation of two new companies to build refineries
Syria’s government reported last week that President Bashar Assad had signed bills providing for the establishment of two private companies to operate hydrocarbon processing units.
Eni says hull of Coral South FLNG vessel is complete
Italy’s Eni reported on January 14 that it had marked the completion of the hull of a floating LNG (FLNG) vessel that will be used for the Coral South LNG project in Mozambique.
Satorp launches maintenance programme at Jubail refinery
Saudi Aramco Total Refinery & Petrochemicals Co. (Satorp) began a round of scheduled maintenance work on Train 2 of its oil-refining complex in Jubail on January 13.
Privately owned Nigerian company expands modular refinery
Nigeria’s Department of Petroleum Resources reported last week that a privately owned company had significantly expanded the capacity of its modular refinery in Ogbele, a town in Rivers State.
Sonatrach awards $3.7bn refinery contract to Spanish-Korean consortium
Algeria’s national oil company (NOC) Sonatrach has awarded a $3.7bn contract for work on a new grassroots oil refinery to a joint venture formed by South Korea’s Samsung Engineering and Spain’s Técnicas Reunidas.
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