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Indian Oil to invest approximately $8.1bn in Odishas Paradip refinery

2017-08-23 01:00:00| Hydrocarbons Technology

State-owned Indian Oil (IOC) is set to invest around Rs520bn ($8.1bn) to expand the Paradip refinery and establish a petrochemical complex in the Indian state of Odisha, according to the Press Trust of India.

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Oil prices slip over fall in Chinese refinery output

2017-08-14 01:00:00| Offshore Technology

Oil prices have declined as a result of a slowing down of Chinese refining activity, raising doubts over the outlook of its future crude demand alongside increasing shale output in the US.

Tags: prices fall chinese oil

 
 

Amec Foster Wheeler secures FEED contract for Totals Donges refinery in France

2017-08-08 01:00:00| Hydrocarbons Technology

Amec Foster Wheeler has secured a front-end engineering design (FEED) contract for Total Raffinage Frances Donges refinery.

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Petrofac JV on verge of securing $2bn refinery contract in Oman

2017-08-07 01:00:00| Hydrocarbons Technology

A 50:50 joint venture (JV) comprising Petrofac and South Koreas Samsung Engineering is close to landing a $2bn contract with Duqm Refinery and Petrochemical Industries (DRPIC) in the southern part of Oman.

Tags: contract oman securing verge

 

IndianOil board approves $2.35bn Gujarat refinery expansion

2017-08-07 01:00:00| Hydrocarbons Technology

Oil marketing company IndianOils board has approved the first stage of expansion of the Gujarat refinery at an estimated cost of Rs150.34bn ($2.35bn), aimed at meeting the demand in the region.

Tags: board expansion approves gujarat

 

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