UAE has officially announced that the public sector employees in the UAE will have the opportunity to enjoy a six-day break in celebration of Eid Al Adha, according to a circular issued by the Federal Authority for Government Human Resources. The holiday will commence on Tuesday, June 27 and continue until Friday, June 30, with […]
Author Archives: Faiza Rizvi
Posted inDownstream
Egypt awards $300 million EPC contract for fertilizer plant
A consortium of Tecnimont and Orascom Construction has been awarded a lump sum turn-key Engineering, Procurement and Construction contract for a Nitric Acid and Ammonium Nitrate plant by KIMA, Egyptian Chemical Industries Co. The contract value to the consortium is approximately $300 million, of which about $220 million pertaining to Tecnimont. The finalization of the […]
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Aramco, PIF set to own star-studded Saudi football clubs
Saudi Arabia’s oil diversification push continues to gain significant momentum as its $700 billion sovereign wealth fund PIF and state oil company Aramco prepare to assume controlling stakes in a number of local football clubs. The Public Investment Fund (PIF) will take control of four of the kingdom’s top soccer clubs including Al-Nassr, which Cristiano […]
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UAE Jobs: Petrofac hiring for engineering and operations roles
Following key contracts in the region, EPC giant Petrofac is hiring for several key roles across projects, engineering and operations across the UAE. Some of the new openings are listed below: Principal Engineer: Mechanical Static and Piping Location: Sharjah, UAE Key responsibilities include supervising and leading a team of engineers and designers in carrying out […]
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Top 5 ongoing refinery projects in the Gulf region
These projects involving over $40 billion investments are likely to give a boost to the region’s refining and petrochemicals industry
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Sheikh Hamdan announces new Dubai AI center as part of $100 billion tech push
Dubai has launched the Dubai Centre for Artificial Intelligence (DCAI), as part of its efforts to establish itself as a leading hub in the $111 billion AI sector. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Future Foundation, announced the launch of the DCAI at Emirates […]
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Inside Oman’s $7 billion Duqm refinery and petrochemicals project
Oman’s massive Duqm refinery project is spread over a 9km square-site in Duqm, on the Arabian Sea coast in the Al Wusta Governorate of Oman, Â approximately 600 km south of the capital city Muscat. The project is operated by Oman’s OQ and will primarily produce diesel, jet fuel, naphtha and LPG. Its feedstock will comprise […]
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L&T secures first-ever ‘green guarantee’ for NEOM megaproject
Standard Chartered has provided the first-ever green guarantee for Larsen and Toubro’s (L&T) work on the NEOM Green Hydrogen Co (NGHC) megaproject in Saudi Arabia. The guarantee covers L&T Saudi Arabia’s involvement in designing, supplying locally, constructing, and commissioning renewable and grid packages. International supplies will be handled by L&T’s subsidiary, LTIFZE. The project aims […]
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Aramco to partner with Turkish contractors for $50 billion projects in Saudi Arabia
Saudi Aramco has engaged in discussions with numerous Turkish contractors to explore potential projects worth $50 billion in Saudi Arabia, according to a Bloomberg report last week Representatives from around 80 construction companies met with Aramco executives in Ankara to discuss pre-qualification for upcoming projects scheduled until 2025, Erdal Eren, head of the Turkish Contractors […]
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Eni, Libya sign decarbonisation deal
Italian major Eni has entered into a memorandum of understanding (MOU) with the Libyan government to collaborate on reducing greenhouse gas emissions and promoting sustainable energy initiatives in the country. The MOU aligns with Eni’s strategic objectives and Libya’s vision for accelerating decarbonization and transitioning to cleaner energy sources. Under the terms of the MOU, […]
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