Middle East downstream news

ADNOC Global Trading is on track in establishing the required processes, procedures and systems to begin operations in the coming months.

Sumitomo Chemical and Saudi Aramco have made a loan of US$2 billion to Petro Rabigh in response to the challenging market conditions.

The companies' boards have approved initial discussions to study the feasibility of a merger.

OQ Chemicals has entered into an agreement to licence technology for the production of ethylene and propylene derivatives to Duqm.

Fluor Corp. has announced that its joint venture (JV) with Daewoo Engineering & Construction and Hyundai Heavy Industries, FDH JV, has successfully started up two boilers at the new Al-Zour Refinery.

Among the services available will be the repair and reconditioning of reciprocating compressor valves and packing cases.

ADNOC Onshore has awarded contracts to upgrade two main oil lines and crude receiving facilities at the Jebel Dhanna terminal in Abu Dhabi.

Upon completion in mid-2022, the company's Crude Flexibility Project will allow ADNOC to process up to 420 000 bpsd (barrels per stream day) of heavier and sourer grades of crude oil, as part of the 840 000 bpsd refinery in Ruwais.

The upgrading of the Basrah refinery is scheduled for completion in 2025.

AW Shipping will be responsible for transporting LPG cargoes and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world.