Saipem Awards Galfar $60 MM Contract
Galfar Engineering and Contracting announced that it has been awarded a $60 million contract by Saipem for a refinery project at the Duqm region in Oman.
News / International
KPC to Add Three Refineries by 2023
Analysts at GlobalData are expecting Kuwait to add three new crude oil refineries by 2023.
Saudi Arabia Ranked Third in Gas Processing Projects
Saudi Arabia is expected to add new-build gas processing capacities of 7.8 billion standard cubic feet per day (scf/d) between 2019 and 2023, as shown by a GlobalData report.
Seven Countries Support Libya’s NOC
Seven countries have voiced their official support for the Libyan National Oil Corporation (NOC) in a joint statement.
Dubai to Cut Energy Demand 30% by 2030
Dubai aims at reducing its electricity demand by 30% by 2030, according to the Emirate’s Supreme Council of Energy (SCE).
Dana Gas Repurchases 3.6 MM Shares
Dana Gas has bought back around 3.6 million of the company’s shares on September 22, at an average price of about AED 0.95 per share.
Qatargas Announces First Q-Flex LNG Cargo
​Qatargas has delivered the first cargo of liquefied natural gas (LNG) on a Q-Flex vessel to the Floating Storage and Regasification Unit (FSRU) located offshore Bangladesh.
Aramco Adds New Banks to IPO Managers List
Saudi Aramco has reportedly chosen Barclays, BNP Paribas, Credit Agricole, Societe Generale, Deutsche Bank, Gulf International Bank, and UBS Group as managers of its planned initial public offering (IPO).
Oman’s Refineries Output Rises 2%
The total production of Omani refineries and petroleum companies increased by 2% by the end of August.
KNPC Sets New Refining Capacity Target
Kuwait National Petroleum Company (KNPC) is planning to reach a maximum refining capacity of 1.6 million barrels per day (b/d) by 2025.
