SOCAR lets contract for polyethylene plant

SOCAR Polymer LLC, a subsidiary of state-owned State Oil Co. of Azerbaijan Republic (SOCAR), has let an engineering, construction, and procurement (EPC) contract to Maire Tecnimont SPA, Milan, for a grassroots polyethylene plant to be built in the Sumgait Chemical Industrial Park (SCIP), about 30 km north of Baku. Source: News


Flint Hills’ Minnesota refinery due $750-million overhaul

Flint Hills Resources LLC (FHR), Wichita, Kan., plans to invest $750 million to execute projects that would further improve both energy efficiency as well as clean fuels production at its 339,000-b/d Pine Bend refinery at Rosemount, Minn. Source: News


WoodMac: Distressed oil keeps flowing

Far less oil production has been shut in worldwide than generates negative cash flow because of the slump in crude oil prices, reports Wood Mackenzie. Source: News