Rosneft agreed to sell 8.99% interest in Saras S.p.A.
Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, has agreed to sell to institutional investors 85,481,816 ordinary shares in Saras S.p.A., representing approximately 8.99% of the total share capital in Saras S.p.A., at a price of EUR 1.90 per share, through an accelerated bookbuilt offering (the Offering). The share sale was closed at a premium of over 38% to the initial purchase price and is an example of efficient portfolio management and optimization program of Rosneft.
Fluor Awarded Kuwait’s Al-Zour Contracts
Fluor Corporation (NYSE: FLR) announced today that its joint venture team was selected by Kuwait National Petroleum Company (KNPC) as the preferred bidder for two engineering, procurement and construction (EPC) packages. Facilities in the two packages will include a variety of key process units, utilities and infrastructure for the new Al-Zour oil refinery project in Kuwait that is expected to produce 615,000 barrels-per-day. Fluor booked its $2.6 billion portion of the contract in the third quarter of 2015.
First paraxylene produced at Atyrau Refinery
Official ceremony of producing the first batch of a new product – paraxylene at the Aromatics Production Complex has taken place at the Atyrau Refinery as part of celebrating the 70th anniversary of the facility.
It was attended by representatives of the RoK’s Ministry of Energy, “Samruk-Kazyna” SWF JSC, JSC NC “KazMunayGas”, JSC “KazMunayGas – Refining and Marketing” and others.