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News // petrochemistry

Lukoil launches GENESIS motor oils in the Middle East

Lukoil launched its flagship synthetic automotive lubricants range in the UAE.

30 May 2017 , 14:13Neftegaz.RU4710

Uzbekistan to increase its refining capacity by 50%

Uzbekistan revealed in late April that it had begun building a new $2.2 bln oil refinery that would produce fuel for sale domestically and abroad. Official news sources stated perfunctorily that oil supply agreements had already been reached with Kazakhstan and Russia, although the finer details still in fact need to be decided.

29 May 2017 , 00:03EurasianetNeftegaz.RU5060

Saudi Aramco and Norinco launch $10 bln major China project

Saudi Aramco, Norinco and Panjin Xincheng, have signed the joint development agreement for the Refining, Petrochemical and Retail Project in China’s Liaoning province.

17 May 2017 , 12:14Neftegaz.RU4440

Gazpromneft-Lubricants to triple the supply of marine lubricants to Rosmorport

Gazpromneft-Lubricants, the Gazprom Neft oil business operator, signed a new 3-year agreement with Rosmorport.

16 May 2017 , 12:11Neftegaz.RU4850

Romanian Petrotel Lukoil refinery ups profit 20 times

The Romanian Petrotel Ploiesti refinery, controlled by Lukoil, posted a net profit of nearly EUR 66.1 million last year.

03 May 2017 , 13:00Neftegaz.RU6700

Persian Gulf Star Refinery comes online

President Rouhani officially inaugurated the 1st phase of Persian Gulf Star Refinery in the southern province of Hormozgan.

02 May 2017 , 16:13Neftegaz.RU5380

SIBUR closes sale of Uralorgsintez

SIBUR has closed the sale of a 100% stake in Uralorgsintez to EKTOS.

18 April 2017 , 12:20Neftegaz.RU5220

Lukoil studies selling Ukhta refinery

Lukoil will discuss later this year the possible sale of its Ukhta refinery.

10 April 2017 , 10:31Neftegaz.RU7900

Tatneft started the production of new products

The company started production of new products at the synthetic oils factory of Tatneft - Nizhnekamskneftekhim.

16 March 2017 , 10:10Neftegaz.RU6410

Hyundai seals contract for €3 bln petro refining project in Iran

Hyundai signed a €3-bln contract with Iran’s Ahdaf Investment Company for construction of the 2nd phase of Kangan Petro Refining Complex.

13 March 2017 , 13:00Neftegaz.RU5950

Trump cheers Exxon plan to invest $20 billion on Gulf Coast refining projects

Exxon Mobil plans to spend $20 billion over 10 years on refineries, chemical and LNG  plants on Gulf refining projects.

07 March 2017 , 10:14Neftegaz.RU8280

Petchem exports from Iran hit $10 bln since last March

Iran has exported 19 mln tons of petrochemical products worth $10 billion.

27 February 2017 , 15:31Neftegaz.RU5910

Kuwait to start up Vietnam refinery in July 2018

Establishing a joint oil refinery in Vietnam by Kuwait Petroleum International will provide further opportunities to market Kuwaiti oil, said KPI´s CEO Bakheet Al-Rashidi.

22 February 2017 , 10:12Neftegaz.RU7630

Gazprom Neft Omsk refinery showed a proportional increase in production of light petroleum products

2016 shows the Gazprom Neft Omsk Refinery processed a total 20.5 million tonnes of crude oil, maintaining its leading position in the Russian refining industry.

10 February 2017 , 18:00Neftegaz.RU8920

Turkmen gas-to-liquids project advance

In Turkmenistan, it's been reported that the 2nd stage of the construction project where gasoline will be produced from natural gas will now also include the production of gasoline A-95.

06 February 2017 , 15:56Neftegaz.RU13480

Reliance–Sibur plans to build South Asia´s 1st halogenated butyl rubber unit in Jamnagar

Reliance Sibur Elastomers Private Limited announced plans for setting up South Asia’s 1st halogenated butyl rubber unit at RIL’s integrated petrochemical site in India.

19 January 2017 , 16:08Neftegaz.RU8790

The naphtha hydrotreatment installation start-up and commissioning works are underway at TANECO

They started start-up and commissioning works at the naphtha hydrotreating installation of the TANECO Complex started. The forecast duration of the program is expected to take 60 days.

17 January 2017 , 18:00Neftegaz.RU7600

Iran Petchem industry in need of $55 bln investment in 10 years

Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years.

13 January 2017 , 18:00Neftegaz.RU7850

Russia approves acquisition of a 10% stake in Sibur by the Chinese Silk Road Fund

The Government Commission on Foreign Investment approved acquisition of a 10% stake in Sibur by the Chinese Silk Road Fund subsidiary.

12 January 2017 , 12:17Neftegaz.RU9850

Praxair starts up 4th air separation plant at Samsung Electronics in South Korea

Praxair announced the start-up of its 4th air separation plant, a 1,400 ton per day unit, and upgrade of the pipeline system serving the Samsung Electronics in Gyeonggi Province, South Korea.

10 January 2017 , 10:01Neftegaz.RU6160

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