AquaChemie Middle East has inaugurated its $50 million petrochemicals terminal in DP World’s Jebel Ali Port in Dubai. The advanced terminal, targeting $300 million in revenue over the next three years, will be one of the most functional and versatile bulk liquid terminals in the GCC region to boost the growing petrochemical trade between manufacturers […]
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ADNOC signs $4.63 billion deals with 23 companies
Abu Dhabi‘s state-owned energy giant ADNOC has signed new deals worth $4.63 billion with 23 companies to manufacture locally a wide range of critical industrial products. The products that will be produced locally include pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, among many others. Proclad, Tri Star […]
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Top 5 oil and gas contracts in the Middle East: January 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
ENOC to develop storage facility for oil and gas products
ENOC Group and Tanzania’s Ministry of Energy signed today a Memorandum of Understanding (MoU) to develop a national import gateway and world-class storage facility for oil and gas products to serve the country as well as the Eastern and Central Africa region, ENOC announced in a press release. The partnership is in line with the […]
Oman signs major gas supply deal with Turkey
Oman LNG has signed a long-term agreement with Turkey’s BOTAS Petroleum Pipeline Corporation to supply 1 million metric tonnes (MMmt) of LNG annually for ten years. According to the agreement signed with BOTAS, Oman LNG will start supplying gas to Turkey in 2025. The agreement helps strengthen its partnerships with international firms in the energy […]
Saudi energy minister invites oil companies to move headquarters to Dhahran
Saudi Arabia’s Energy Minister Prince Abdulaziz Bin Salman has called on the global oil companies to move their headquarters to Dhahran in the Eastern Province of Saudi Arabia and home to Saudi Aramco. Prince Abdulaziz made these remarks during his speech at the seventh edition Aramco’s iktva exhibition 2023, Saudi Gazette reported. He said that […]
Alfanar, Daewoo to develop oil, gas and petrochemical projects in Saudi Arabia
Saudi construction company Alfanar signed an agreement with Korea’s Daewoo Engineering & Construction Co to explore opportunities for joint collaboration in the construction of ‎oil, gas, and petrochemical projects in ‎Saudi Arabia. Through this agreement, Alfanar will work on transferring and localising expertise in the engineering construction field and exchange the expertise of advanced technologies […]