Downstream news

Saudi Aramco has completed the acquisition of Shell’s 50% interest in the SASREF joint venture.

Velocys has secured a purchase order and technical service agreements with Toyo Engineering Corp.

SIBUR and Sinopec have signed a framework cooperation agreement to produce SEBS petrochemical products.

Honeywell has licensed its renewable fuels technology to St1 Nordic for the production of diesel and jet fuel in Sweden.

Chevron Lummus Global has been awarded a contract by Bharat Petroleum Corp. Ltd for the license and design of its Hydrocracker & Lubricant Oil Base Stock Unit for enhanced capacity.

Drone attacks on Saudi Aramco will severely disrupt NGL and petrochemicals supply, much more than oil. The impact on global economic and geopolitical dynamics will be huge, reports Joseph Chang, Global Editor, ICIS Chemical Business.

Woodside and Uniper have signed a heads of agreement for the supply of LNG for 13 years, beginning in 2021.

Process Systems Enterprise has announced its plans to be acquired by Siemens.

Two new power lines and a substation will be constructed by CLH to supply its facility in Arahal.

According to GlobalData, Iraq will contribute 38% of the Middle East’s crude distillation unit capacity growth by 2023.