The company continued to remain profitable in 2016 despite taking a charge on the currency devaluation in Egypt and a lower share of production
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Countering the oil glut
The OPEC/non-OPEC deal has not just seemingly ended the battle for market share but also led major oil producers to agree on reasonable output levels
Jim McIlvenny named as IMEAT president by Dow
Jim McIlvenny takes the position of president of Dow for India, Middle East, Africa and Turkey, in addition to the responsibilities he has held as group senior vice president of Dow since 2010 and chairman of the Dow-Sadara project office since 2011.
Enoc reports 10% drop in turnover
Sales volumes of petroleum products in 2016 reached 245mn barrels in 2016, marking a five-year rolling average growth of 9%
Bechtel wins Falcon Award for boosting US-UAE ties
Bechtel wins prestigious award for commitment to the US-UAE business relations.
Siemens makes record in fast-track power projects
Making a new world record for fast-track power projects, Siemens has already connected to the Egyptian grid 4.8 gigawatts of power generation capacity, where 400 megawatts (or 10 percent) are surplus through turnkey technology leadership.
LR launches Global Subsea Inspection Service
Subsea Inspection Service launched by provides operators with greater efficiency and improved confidence in the performance of their offshore and subsea operations
AkzoNobel, Itaconix sign polymer technology pact
Itaconix will contribute a proprietary polymerisation technology to turn itaconic acid – obtained from sugars through fermentation – into polymers.
Al Reyadah proves viable carbon capture programmes
Carbon capture and storage (CCS) operations like Al Reyadah, the joint venture between the Abu Dhabi National Oil Company and Masdar, demonstrate that CCS is a commercially viable solution to limiting industrial CO2 emissions.
Industry leaders launch Hydrogen Council in Davos
In the first global initiative of its kind, the Hydrogen Council is determined to position hydrogen among the key solutions of the energy transition.