Kuwait’s Al-Zour Refinery’s output hits 615k bpd

RIYADH: The fully operational output of Kuwait’s Al-Zour Refinery has reached 615,000 barrels per day, in line with the country’s plan to boost oil refining capacity.      The facility’s daily output, which is the cornerstone of the state-run Kuwait Petroleum Corp., includes some 86,000 bpd of premium naphtha, 99,000 bpd of jet fuel, and 147,000 bpd … Read more

Giga-projects propel Saudi Arabia’s construction boom amid global interest, study says

RIYADH: Saudi Arabia led the Middle East in mergers and acquisitions in the chemicals sector in the first quarter of 2024, with $500 million worth of deals, according to recent data. Figures from financial markets platform Dealogic showed that the Kingdom’s total M&A deal volume during this period reached $955 million, with the chemicals sector … Read more