Refining

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction is delaying construction of a 400,000-barrel-per-day oil refinery in Jizan in southwest Saudi Arabia, industry sources said.   Despite the disagreement, which focused on claims for compensation for change orders, the contract has not been terminated, the…
In the oil drilling and refining heartland of Texas, the debate over U.S. crude exports is no longer a fight over whether a 40-year ban should be lifted. The question now is how soon it will end.   As Washington mulls reversing the ban amid a drilling boom that has…
Egypt said on Sunday it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh.   The first agreement is for $198 million earmarked for the refinery, a finance…
Spanish oil engineering company Tecnicas Reunidas said on Monday it had won a contract from Mexican state-run oil company Pemex for a refining project worth over $500 million.   The two-part contract, which is expected to last more than three years, includes the designing, engineering, construction, supplying and starting up…
Thai energy company PTT has joined with Saudi Aramco, the world's biggest oil producer, to submit a proposal to the Vietnamese government to build a $22 billion refinery and petrochemical complex in Vietnam, a senior PTT official said.   State-controlled PTT and Aramco will each own 40 percent of the…
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