Paris / Bloomberg Algeria has awarded UK-based Amec Foster Wheeler the front end engineering design (Feed) for three green-field refinery projects, which are estimated to have a total budget of around $6bn. A statement issued on 16 February by the state-controlled energy company Sonatrach said that the design contract for the three refineries has been “provisionally awarded to the tenderer …

Paris / Bloomberg Equate Petrochemicals, a joint venture between US-based Dow Chemical and the Kuwaiti government, has commissioned a $70m carbon dioxide plant in Kuwait. The carbon dioxide-recovery facility has a capacity of 280 tonnes a day. The gas will be produced by existing Equate petrochemicals plants. It will filter and purify the carbon dioxide, then liquefy it, making it …

Bloomberg Crude extended gains after industry data showed U.S. inventories declined, while Iran cautiously supported a proposal by Saudi Arabia and Russia to freeze production at near-record levels. Oil rose as much as 4.3 percent in New York. U.S. crude supplies fell by 3.26 million barrels last week, the industry- funded American Petroleum Institute was said to report Wednesday. However, …