Tag Archives: Facilities

Libyan commander Khalifa Haftar blocked oil exports at ports under his control. slashing output by more than half and posing a potential setback for an international conference on Sunday that aims to broker an end to a civil war in the OPEC nation.

The oil market has been driven in recent years by a surge of non-OPEC production that has outstripped demand.

Gas is supplied to 97 percent of people in the urban areas and 82 percent of people in the rural regions.

An Iranian petrochemical official said Iran’s petrochemical production capacity would increase by 2 million tons by tapping unexploited capacities in petrochemical facilities of the country.

Aramco’s quick recovery from the attacks on its Abqaiq oil facility shows resilience and flexibility that’s without parallel in the industry. proving to the world that Saudi Arabia is a reliable supplier.

The Saudi oil producer’s future strategy aims to respond to emergencies through flexibility and trained human resources.

Other important products heavily exposed to disruption to shipping in the Strait of Hormuz include monoethylene glycol (MEG). ethylene and methanol.

Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels.

Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated.

Several sections of the central processing unit of the project were about to start early production. bringing the field’s output to the planned level.