Warri Refinery Gets 90 days Fast-Track Ultimatum from Kachikwu as Refinery Management sets November Resumption Target reports the NNPC group website. The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu has given a 90 days ultimatum to the Management of the Warri Refining and Petrochemicals Company, WRPC, to commence full production at…
Saipem wins two new $1.3bn Kuwait Al-Zour Refinery Construction contracts. Saipem has been awarded Kuwait National Petroleum Corporation’s (KNPC) contracts worth $1.3bn for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP), located 90 km south of Kuwait City. Al-Zour NRP will be one of the largest oil-refining plants in the world,…
NNPC Says Refineries not for Sale But for JV’s, Starts Unbundling of the Nigeria state one asset. In a bid to ensure lean, efficient and profitable operations, the Nigerian National Petroleum Corporation (NNPC) is to commence the unbundling of the Pipelines and Products Marketing Company Ltd into three different companies as reported in the company’s website. The…
Total Divested $1.3 Billion of assets in a week. Total sells North Sea midstream assets On August 27, Total (ticker: TOT) announced that it sold its FUKA and SIRGE gas pipelines, along with the St. Fergus Gas Terminal, to North Sea Midstream Partners for £585 million (approximately $905 million). The Frigg UK Pipeline (FUKA) is…