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Saudi Arabia eyes petrol station expansion driven by population growth, urbanisation

Saudi Arabia is seeking to establish more fuel stations to provide countrywide connectivity, particularly in rural areas, amid population growth, expected economic growth, and increased urbanisation and industrialisation activities.  Several foreign players have expressed interest in investing in fuel stations across the country, which is expected to drive the growth of the fuel station market. As […]

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Saipem awarded $650 million offshore contracts

Saipem has been awarded three new offshore contracts and two FEED contracts worth approximately $650 million. The first contract has been awarded by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kms offshore Angola. The contract encompasses the EPCI of rigid Pipe-In-Pipe flowlines with associated subsea structures. The second […]

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Revealed: 5 largest oilfields in the Middle East

The Middle East is home to some of the largest and economical oilfields in the world. The world’s largest oil field, Saudi Arabia’s Ghawar Field, for instance, produces around 4 million barrels of oil per day, accounting for well over one-thirds of Saudi Arabia’s total production. Here is a list of the top five oil […]

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Bahrain’s Tatweer Petroleum eyes EPC contractors for $200 million gas project

Bahrain’s Tatweer Petroleum is expected to award the EPC contract for its Bahrain Oil Field Associated Gas Compression Stations Project Phase 7 in the second quarter of 2023, according to Zawya Projects. The scope of work, according to Bahrain’s tender board, includes the design, procurement, fabrication, installation, testing, pre-commissioning, commissioning, and start-up of three compression […]

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Iraq’s Karbala refinery begins commercial operations

Karbala oil refinery, Iraq’s largest refining project in the past four decades, has started commercial operations. The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed that the Karbala oil refinery has a production capacity of 140,000 barrels per day and will provide 70% of Iraq’s needs for oil products, saving billions of dollars spent on imports. […]

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