Despite increasing calls from climate activists, the Middle East is expected to commence over 600 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. Here is a list […]
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Saudi Aramco to supply full oil volumes to Asian refiners
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, Reuters reported, citing several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce its production […]
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Egypt awards $300 million EPC contract for fertilizer plant
A consortium of Tecnimont and Orascom Construction has been awarded a lump sum turn-key Engineering, Procurement and Construction contract for a Nitric Acid and Ammonium Nitrate plant by KIMA, Egyptian Chemical Industries Co. The contract value to the consortium is approximately $300 million, of which about $220 million pertaining to Tecnimont. The finalization of the […]
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Top 5 ongoing refinery projects in the Gulf region
These projects involving over $40 billion investments are likely to give a boost to the region’s refining and petrochemicals industry
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Inside Oman’s $7 billion Duqm refinery and petrochemicals project
Oman’s massive Duqm refinery project is spread over a 9km square-site in Duqm, on the Arabian Sea coast in the Al Wusta Governorate of Oman, Â approximately 600 km south of the capital city Muscat. The project is operated by Oman’s OQ and will primarily produce diesel, jet fuel, naphtha and LPG. Its feedstock will comprise […]
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UAE: Fujairah’s energy giant to enter EPC business; eyes $100 billion projects
Fujairah National Energy Co (FUJNEC) will soon begin selecting EPC partners as the company plans to venture into engineering, procurement and construction business in the downstream oil and gas sector. The emirate of Fujairah anticipates significant opportunities in the EPC sector, with an estimated value of approximately $100 billion over the next decade. FUJNEC, being […]
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Chevron JV secures engineering contract for Rabigh complex
Chevron Lummus Global (CLG) announced a recent contract award from Saudi Arabia’s TAQAT Development Co for a new 75,000 tonnes per annum (TPA) graphite complex in Rabigh, Saudi Arabia. Under the agreement, Chevron Lummus Global will provide pilot plant testing, licensing, basic design, and additional engineering and operations support. The feedstock will be supplied by […]
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Nigeria’s multi-billion Dangote refinery to begin operations
Nigerian President Muhammadu Buhari will commission the Dangote oil refinery in two weeks, setting up the plant for its first production since construction started in 2016, Reuters reported, citing a presidency spokesperson. The federal government confirmed the planned inauguration of the 650,000-barrels-per-day refinery, before the president leaves office on May 22. A source close to […]
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Iraq to begin construction of three refineriesÂ
Iraq’s Ministry of Oil has initiated the tendering process for the construction of three refineries as Public-Private Partnership projects. The three projects are as follows: The price at which crude oil will be supplied to the refinery investor will be based on the international prices for one barrel of crude oil delivered in port of […]
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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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