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Petrochemicals
Azerbaijani carbamide plant promises to secure additional funds for the budget as it plans to increase its overall production to help the government with reducing imports.
Benefits for oil companies may turn into problems for Sibur - the Ministry of Finance of Russia proposed introducing a tax on associated petroleum gas, which is a key raw material for the petrochemical company, RBC reports.
Sulzer GTC Technology has signed an agreement with JSC SIBUR-Neftehim (SIBUR) to provide its licensed pyrolysis gasoline processing technologies.
Digital Oil & Gas
Last year Shell started using machine learning to better analyse and process the data from 50,000 sensors that generate 100,000 measurements a minute. The model was designed to predict failures in control valves, sometimes months in advance.
Norway’s Aker and Saudi Aramco, the world’s biggest oil producer, have signed a memorandum of understanding to cooperate on industrial digitalization and green solutions.
The contract was signed for gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline.
Base Oils & Lubes
Shell remains the leading global supplier of finished lubricants for 13 consecutive years, according to Kline & Company’s “17th Edition Global Lubricants Industry: Market Analysis and Assessment: 2019 report.”
Romania has given Lukoil Overseas Atash. B.V., a Dutch subsidiary of Russia's Lukoil, the green light to start drilling the Trident perimeter of the Romanian waters of the Black Sea.
Romanian natural gas producer Romgaz said on Friday it has signed a MoU with Azerbaijan's national oil company SOCAR on cooperation in oil and gas upstream projects.
Downstream
Worley is now a lead partner for the Downstream Project Management event.
KMGI is looking to double the production capacity at the Petromidia Refinery. A decision in this regard could be made in the next 3-4 months after a feasibility study will be conducted.
SOCAR became a minority shareholder of the SOCAR Energoresurs Group
Upstream
The contract was signed for gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline.
Comanescu bets on the promising Black Sea offshore gas projects as it is the only company in the region offering offshore integrated services.
Once successfully completed and tied-in, the Moftinu-1004 well will provide additional gas production to the Moftinu Gas Plant
Midstream
