Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, Aramco announced today. Huajin Aramco Petrochemical Co (HAPCO), which is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is developing the complex […]
Downstream
Posted inNews
Middle East to launch over 600 oil and gas projects until 2027
The Middle East is expected to commence 621 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. New build projects are expected to lead the upcoming project landscape […]
Posted inNews
GAS Arabian Services secures $13.5 million EPC contract
GAS Arabian Services Co announced that it has secured a $13.5 million EPC contract from Saudi Arabia’s Advanced Petrochemical Co. The scope of the contract includes constructing a pipeline system from the PDH unit of Advanced Petrochemical Co to the cracking unit of United Petrochemical Co, an affiliate of SABIC. According to the a statement […]
Posted inNews
Aramco signs pact with Renault, Geely for engine venture
Aramco has signed a letter of intent with Renault and Geely to become a potential minority stakeholder in a new powertrain technology company, Aramco announced today. The new company will be dedicated to internal combustion and hybrid powertrain technologies. Aramco’s investment would support the growth of the company, and contribute to key research and development […]
Posted inNews
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
Posted inDownstream
GDA Conference and Exhibition returns to Bahrain for second edition
Held under the patronage of HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and the Prime Minister of the Kingdom of Bahrain, the second edition of the GDA International Downstream Conference & Exhibition, the leading Middle East strategic forum for downstream professionals, will take place from 13-15 February 2023 at Exhibition World Bahrain. Over three […]
Posted inDownstream
Technip Energies secures contract for Aramco’s Riyadh refinery upgrade
The project will be executed locally, leveraging Saudi economic resources and infrastructure
Posted inDownstream
Aramco launches new trading subsidiary in US
Oil giant Saudi Aramco announced its commodities trading arm, Aramco Trading Co (ATC), has fully acquired US refiner Motiva Trading and launched Aramco Trading Americas LLC (ATA) as a wholly-owned subsidiary based in Houston, Texas. “ATA will be ATC’s regional office, expanding its trading business in North and South America to capture new opportunities and […]
Posted inDownstream
Iraq to launch bids for five new oil refineries
Iraq is planning to invite bids for five new oil refineries to rehabilitate its hydrocarbon industry and other sectors, the country’s Oil Minister Hayan Abdel Ghani said in remarks published on Thursday. Ghani said the new refineries would add more than 500,000 barrels per day (bpd) to Iraq’s refining capacity, which will support its bid […]
Posted inDownstream
SABIC executives on striving for a sustainable future in petrochem
SABIC hosted the 2022 edition of the GPCA Forum in Riyadh, Saudi Arabia, under the theme of ‘Chemistry in Action, Shaping a Sustainable Future’, to showcase its efforts to become a global leader in the circular economy
Load more