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KBR to develop part of COTC

HOUSTON: Saudi Aramco and the Saudi Basic Industries Corp (Sabic), who are partnering in a crude oil to chemicals (COTC) project, awarded a contract to US-based KBR, a global leader construction, to develop a part of the COTC complex.

KBR will provide the front-end engineering and design for the downstream petrochemicals and chemicals component within the COTC master complex. The scope includes engineering studies, infrastructure planning and development for both of the polymer and glycol units, along with the aromatics complex, the COTC master plot plan, and offsite utilities.

Oil storage blast in Iran kills two

ANKARA: An explosion at an Iranian oil storage facility in the central industrial zone of Khomein killed two people and wounded another, the semi-official Tasnim news agency reported.

'An oil purifier unit in the Khomein facility caught fire around noon ... which caused a blast in which two people were killed,' the deputy governor of Iran’s Markazi province, Fatollah Haghighi, told Tasnim.

'The fire has been completely contained but firefighters will remain at the scene until the cooling operation is completed.'

Egypt raises natural gas prices

CAIRO: Egypt has announced increases of between a third and 75 per cent in the price of natural gas for home and commercial use, in a statement published by the official gazette.

Effective August 1, prices for consumption of up to 30 cubic metres has been set at 0.175 Egyptian pounds per cubic metre, up from 0.100 pounds.

The price for between 30 cubic metres and 60 cubic metres was set at 0.250 pounds from 0.175, and for consumption above 60 cubic metres at 0.300 pounds, from 0.225.

PNG gas project signs supply deal

LONDON: The ExxonMobil-operated Papua New Guinea gas project has agreed a deal to supply liquified natural gas (LNG) to PetroChina Co Ltd, Australia’s Oil Search Ltd, a partner in the project, said.

The three-year deal is for the supply of about 0.45 million tonnes of LNG a year to PetroChina.

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