Qatar plans to invest $5 billion in a number of sectors in Iraq over the coming years, Reuters reported, citing Qatari state news agency that cited quotes from Qatar’s Emir Sheikh Tamim bin Hamad al-Thani. The emir arrived in Iraq on an official visit where he signed memorandums of understanding (MOUs) to expand cooperation on […]
projects
Posted inBusiness
Jordan eyes $2.5 billion investments in new projects
According to an official document released on Monday, Jordan plans to attract investments totaling around $2.5 billion in new projects from Saudi Arabia and various other countries from 2023 to 2026. The document, published by the Arabic newspaper Alghad, reveals that the government’s Investment Council approved this strategy in late May, with a focus on […]
Posted inNews
Iraq approves record $153 billion budget for projects and hiring
Iraqi government on Monday approved a 2023 budget of a whopping $153 billion that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war. The budget is based on an oil price of $70 per barrel and projects oil exports at […]
Posted inDownstream, News
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
Posted inNews
TotalEnergies set to launch major project in Iraq as part of $27 billion framework
France’s TotalEnergies is pushing ahead with plans to build a 1,000 megawatt solar power project in Iraq after the project was endorsed by Baghdad last week, Zawya Projects reported, citing a statement by the Iraqi Electricity Ministry. The solar park project is part of a $27 billion framework agreement signed by Iraq and France in […]
Posted inNews
Iraq’s Basrah natural gas project begins operations
The first train of Iraq Basrah natural gas liquids plant (BNGL) which is being constructed by China Petroleum Engineering & Construction Corp (CPECC) was successfully put into operation, the company said in a statement. The project aims to increase capacity by 40% by adding a 400 million standard cubic feet per day (cf/d) greenfield gas […]
Posted inNews
Aramco awards $24.8 million contract to East Pipes
Saudi Aramco has awarded a contract to East Pipes Integrated Co for nearly $24.8 million, East Pipes said in its bourse disclosure. The eight-month deal covers the manufacturing and supplying of steel pipes to Aramco. East Pipes Integrated indicated that the agreement will reflect on its income statements during the fourth quarter (Q4) of fiscal […]
Posted inNews
Inside ADNOC’s oldest, biggest onshore field Murban Bab
The Murban Bab Oil Field, around 84 kms north west of Abu Dhabi, was where ADNOC struck first oil in the 1960s. The Murban Bab oil field is the biggest onshore oil field in Abu Dhabi and the oldest operating field in the UAE. “This is where it all began,” ADNOC says on the company […]
Posted inNews
Top 5 oil and gas contracts in the Middle East: May 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. (Editor’s note: This list is not a ranking) 1. Aramco awards EPC contract for world’s largest offshore field Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 […]
Posted inNews
Kuwait to award 22 oil and gas projects this year
State-owned Kuwait Oil Co (KOC) has announced plans to award 22 projects to local and foreign firms in the next few months, Zawya Projects reported, citing the Arabic language daily Alanba. KOC, which manages the OPEC member’s upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public […]
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