Four new hydrocarbon and petrochemical projects worth $2.5 billion will be implemented on a new reclaimed land from the sea as a part of the Sohar South expansion project of Sohar Port and Freezone (SOHAR).
Qatar Petroleum and Chevron Phillips Chemical signed an agreement for a new petrochemical complex that will be completed by 2025.
ADES International signed a one-year extension contract for an Algerian onshore rig.
Iran’s exports of crude oil have further declined to 300,000 barrels per day (b/d) or even less in June, down from 400,000-500,000 b/d a month earlier.
SABIC has extended its joint venture with the Japan Saudi Arabia Methanol Company (JSMC) in Saudi Methanol Company (Arrazi) for 20 years.
The UK’s Chariot Oil and Gas plans to develop Morocco’s Anchois natural gas field to optimize access to different parts of the gas market.
Russia’s Lukoil believes that the production cut agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies should become permanent
The Emirates National Oil Company (ENOC) plans to establish three fuel stations at Expo 2020 in Dubai.
ADIPEC Awards announced that its 9th edition is now open for submissions until July 29 in six categories.
The company’s main reason behind the acquisitions is to boost its oil and natural gas output to reach 150,000 barrels of oil equivalent per day (boe/d) by 2020.
