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Inside Saudi Aramco’s $21 billion Jazan Refinery Complex

In 2006, Saudi Arabia made ambitious plans to build a new industrial city in Jazan, in the far south-west of the Kingdom. The main aim of this initiative, the Jazan Economic City Project, was to expand the economic development of the region. At the heart of the project is Aramco’s fully integrated Jazan Refinery and […]

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SABIC appoints Al-Fageeh as CEO and executive board member

Saudi Basic Industries Corp, also known as SABIC, confirmed today the appointment of Abdulrahman Al-Fageeh as CEO and executive member of the board. Al-Fageeh has served as acting CEO of SABIC since September 28, 2022, succeeding HE Yousef Al-Benyan who was appointed Minister of Education for the Kingdom of Saudi Arabia by Royal Decree. “Abdulrahman […]

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Aramco, DHL to build procurement and logistics hub for the energy sector

Saudi Aramco announced on Monday a new end-to-end procurement and logistics hub joint venture with logistics firm DHL Supply Chain.  The new venture, which is expected to be operational in 2025, aims to provide top-notch integrated procurement and logistics services to further enhance supply chain efficiency as well as sustainability in the region, Aramco noted in a press release.    The JV, which the […]

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UAE’s energy sector will reach new heights, energy minister says

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, noted that the UAE will continue to forge ahead to ensure the energy sector reaches new heights through collaboration and a steadfast commitment to excellence and leadership. Al Mazrouei made these comments on the sidelines of a session titled ‘Charting the Future of the UAE’s […]

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QatarEnergy breaks ground on $8.5 billion petrochemicals facility

QatarEnergy and Chevron Phillips Chemical Co (CPChem) celebrated the ground breaking of the Golden Triangle Polymers Plant in Texas, marking the beginning of construction of the $8.5 billion world-scale petrochemical facility. Delivering remarks on behalf of HE Saad Sherida Al-Kaabi, president and CEO of QatarEnergy, Ahmad Saeed Al-Amoodi, QatarEnergy’s executive vice resident, Surface Development and […]

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‘Houston, we have a problem’: Al Jaber urges oil and gas sector to join climate fight

Dr Sultan Al Jaber, ADNOC’s group CEO, who was recently appointed as COP28 president-designate, urged energy leaders to “drive sustainable progress while holding back emissions.” “Houston, we have a problem,” Al Jaber said, borrowing a famous line from a US astronaut aboard a damaged spacecraft during the Apollo 13 mission in 1970. His remarks were […]

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Eni, ADNOC sign agreement for low-carbon projects

Eni’s CEO Claudio Descalzi and Dr Sultan Ahmed Al Jaber, group CEO of ADNOC, signed on March 4 an agreement for joint projects on energy transition, sustainability and decarbonisation.  Through this agreement, Eni and ADNOC intend to explore potential opportunities in the areas of renewable energy, blue and green hydrogen, carbon capture and storage (CCS), […]

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GE signs PoC with Iraq to strengthen power infrastructure

GE has signed a Principles of Cooperation (PoC) with Iraq’s Ministry of Electricity to explore opportunities for strengthening the country’s power infrastructure, the company announced on February 16. According to a press release, GE will work on establishing new power plants and expanding capacity at existing facilities, maintaining and rehabilitating installed power generation and transmission […]