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Insights
21-Feb-19 Halliburton will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia at the PlasChem Park in Jubail. Expected to be completed in 2020, the plant will produce chemicals for stimulation, production, midstream and downstream treatment programmes. [image: Halliburton]
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Insights
01-Feb-19 JV Vietsovpetro has started production at the Ca Tam (Beluga) oilfield offshore Vietnam, with commissioning of the CTC-1 wellhead platform. Initial flow from three wells was 11,900 barrels per day. Vietsovpetro has a 55% share in the contract. [image: Vietsovpetro]
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28-Jan-19 State-owned Saudi Aramco plans to invest up to USD1.6 bn for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. [image: Reuters / Hamad I Mohammed]
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22-Jan-19 The growing reliance on desalinated water in the Middle East underlines the importance of effective management, with knock-on implications for energy and water security. Desalination accounts for 3% of the water supply but 5% of its energy consumption. [image: Modern Diplomacy]
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18-Jan-19 Indian infrastructure conglomerate Adani Group has signed a joint venture with German giant BASF for setting up acrylics manufacturing units costing USD2.25 bn, in its first foray into petrochemicals, and BASF’s largest investment in India to date. [image: AFP]
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