Egypt granted a license on Wednesday to build a green ammonia project in Ain Sokhna industrial zone, with an annual production capacity of 1 million tons. The project, by Egypt’s Green Ammonia Co, will cost around $5.5 billion and offer around 10600 jobs during the construction and operation phases, the government noted in a statement. […]
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Aramco partners with US software company for carbon capture tech
The solution aims to help companies determine the optimum balance between emissions and profitability
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Saudi Arabia to launch 800 industrial projects next year
The projects will have a combined value of more than $266 billion
UAE President unveils $1 billion Khalifa Port expansion
President of the UAE HH Sheikh Mohamed Bin Zayed Al Nahyan inaugurated the $ 1 billion (AED 4 billion) Khalifa Port expansion project on Tuesday. The President called it a “qualitative” national project, which will enhance the UAE’s position in the global trade movement. This ambitious project includes 21 berths and provides customized services to […]
Oil prices fall to $80 per barrel on ‘surprise build’ in US crude stocks
Brent crude futures dropped 38 cents, or 0.5%, at $80.30 per barrel.
Saudi Aramco reportedly talking to investors for $110 billion Jafurah gas project
According to Bloomberg, Aramco is seeking equity investors to fund the development of midstream and downstream projects at Jafurah
Petrofac secures EPC contract from ADNOC
This award follows the September 2022 announcement that Petrofac will continue to support ADNOC’s operations at the Haliba oil field