Total, BP and ENI are all seeking to partner with Sonangol to construct Angola’s second refinery. The firms are vying for a 50% stake in the new plant which will be built in Lobito.
CNOOC, Tullow Oil Plc and Total SA are in talks to build a refinery in Uganda. This will be the country’s first refining facility and is expected to cost US$ 1.5 billion. If plans go ahead the refinery will be brought online in 2015.
Saudi Aramco Asia Co Ltd has singed an agreement with PT Pertamina to build a refinery and petrochemical facility in Indonesia. The planned facility will have a processing capacity of 300 000 bpd.
Bangchak Petroleum Plc has announced plans to upgrade its refinery. The plant is looking to launch an 8 year project to increase output by 20% to 120 000 bpd at the cost of 8 billion baht.
Indorama Group is going to invest in three new petrochemical plants over the next three years. The company are looking to invest N 325.5 billion in facilities that will produce polyethylene terephthalate, fertiliser and methanol.
The Japanese government has agreed to supply a soft loan to Iraq for a refinery project. The loan is valued at US$ 2 billion and comes with the condition that the core contract goes to a Japanese firm. The plant will be built as an addition to a large refining complex in Basra.
After an investment of US$ 650 million, the Tehran refinery, owned by National Iranian Oil Engineering and Construction Company is now producing Euro 5 standard products. The plant will produce 8 million ltrs of gas oil and 5 million ltrs of jet fuel per day.
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