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 […]
refining
Posted inNews
Saudi Aramco’s refining unit to raise $1.3 billion from IPO
The company sold more than 50 million shares, or about 29.7% of the company’s issued share capital
Posted inDownstream
Shrinking refining capacity to fuel market volatility, report shows
Crude distillation capacity fell by 3.8 million barrels per day in the last two years — the first drop for two decades — exacerbating tight markets and price volatility, according to a new joint report by Riyadh-based International Energy Forum (IEF) and S&P Global. The Oil Refining Industry Insights report shows that global fuel markets […]
Posted inDownstream, Markets
Analysis: At the heart of Saudi Arabia’s oil and gas sector
An overview of achievements, challenges – and the future outlook for the energy industry in KSA