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Arab refining projects may be scrapped
Wed, 10 Mar 2010 10:10:42 +0400
A new report by the Organization of Arab Petroleum Exporting Countries has said that uncertainty over future rates of global demand for oil derivatives, the fluctuation of construction material costs and pressure arising from environmental protection laws could lead to the delay or cancellation of new oil refinery projects in several Arab countries, Kuna has reported. In its monthly report, Oapec said that despite efforts by the Arab refining industry, the pace of development is very slow.

Syria seeks to develop nuclear energy
Wed, 10 Mar 2010 10:08:46 +0400
Syrian deputy foreign minister, Faysal Mekdad, has said his country wants to pursue nuclear power to meet growing energy needs, the Associated Press has reported. 'The peaceful application of nuclear energy should not be monopolized by the few that own this technology but should be available to all,' Mekdad said at a nuclear conference in Paris.

Sinopec eyes oil refinery JV with Aramco, ExxonMobil
Wed, 10 Mar 2010 10:02:33 +0400
China's largest oil refiner, Sinopec, is considering setting up a joint venture with Saudi Aramco and US-based ExxonMbil to build an oil refinery able to process 12 million tonnes of crude per year in Fujian, China Daily has reported, citing a source familiar with the deal. The complex would also produce one million tonnes of ethylene per year. The three companies have started a feasibility study on the project.

Iran says Opec may not boost output if demand rises
Wed, 10 Mar 2010 10:00:02 +0400
Iran's Opec governor has said that Opec may not necessarily boost output if oil demand rises, as producers outside the group could increase their production, Reuters has reported. 'Opec must consider the increase in crude oil output by non-Opec countries before making any decision regarding the stability of the global oil market,' Mohammad Ali Khatibi was quoted as saying. 'Any rise in the demand for oil in the wake of improvement in the global economic situation would not necessarily mean that Opec will raise its output ceiling as non-Opec producers could increase their production.'

AlMansoori signs JV with US-based Key Energy
Tue, 09 Mar 2010 10:20:42 +0400
AlMansoori Petroleum Services, a subsidiary of UAE-based AlMansoori Specialized Engineering, has signed a joint venture agreement with US-based onshore energy production services company Key Energy Services. The joint venture will see the Houston-headquartered firm establish a base in the Middle East for the first time, adding new services to AlMansoori's capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing.

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