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, ...