Duqm Refinery receives multi-source project financing
The US$4.61 billion sourced for the project represents the largest project financing in the Sultanate of Oman.
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The US$4.61 billion sourced for the project represents the largest project financing in the Sultanate of Oman.
Unspecified oil company to enter into a tolling agreement and serve as the refinery’s supply and offtake counterparty.
Agreement contemplates Total contracting for up to 9 million tpy across projects in Louisiana and Mexico.
The integrated industrial complex is expected to begin operations in 2025.
The plant will take feedstocks of waste fats, oils and greases, and be located on the US West Coast.
Metso has successfully completed its acquisition of the valve automation division of India based Rotex Manufacturers and Engineers Private Limited (RMEPL), by acquiring all of the shares in RMEBS Controls Private Limited (RMEBS).
Sonatrach’s Algerian facility will produce 200 000 tpy of methyl tert-butyl ether.
The joint venture marks the first partnership between the companies.
Air separation units at the Tennessee facility will be owned and operated by Air Products.
TechnipFMC will undertake EPC work at MIDOR’s existing Egypt refinery.
Project would create first onshore location in the US Gulf capable of servicing fully laden very large crude carriers.
Inter Pipeline subsidiary will acquire a total of 9.1 million bbls storage.