Middle East News

The fuel testing specialist says that a number of samples taken from bunker fuel delivered in Fujairah over the past week have shown Al+Si levels above the 95% confidence limit of ISO 8217:2017.

A joint venture between Spain’s Técnicas Reunidas and Daewoo Engineering and Construction has clinched a $2.75 billion deal to undertake the EPC and commissioning elements of the main process units as part of the massive $7 billion project to develop the Duqm refinery and petrochemical complex.

Al-Iraqia Shipping Services & Oil Trading (AISSOT) will offer marine fuelling services at Iraqi ports, principally Basra, Khor Al-Zubair and Umm Qasr.

The Hutchison-managed terminal at the Omani port achieved an 11% increase in container volumes in Q2 2017 compared to the same quarter last year.

The company has raised $150 million from a group of international and local financial institutions based in the Gulf Cooperation Council (GCC).

The Research Center of Petroleum Industry (RIPI) and the National Iranian Tanker Company (NITC) have signed a deal for the development of optimum bunker fuel ahead of the global sulphur cap.

The agreement signed with the Special Economic Zone Authority at Duqm (Sezad) gives Oman Tank Terminal Co. usufruct rights and 20-year exclusivity in the development of crude oil and derivatives storage at Ras Markaz.

The company will begin operations with a team of two experienced bunker traders with the support of one operations assistant.