News / International
UAE’s Mubadala Signs Energy MoU with Mexico’s Pemex
The UAE’s Mubadala Petroleum has signed a Memorandum of Understanding (MoU) with Mexico’s Pemex for collaboration on upstream E&P projects, midstream oil and gas, and energy and power-related infrastructure.
Oman Expanding Crude Storage Capacity for Dubai Futures
The Oman Tank Terminal Company (OTTCO) is building a storage project with a 25m barrel capacity at Ras Markaz to be opened in 2019.
ACWA Enters Vietnam with $2.2b Coal Power Plant Deal
Saudi Arabia's ACWA Power, in a consortium with South Korea's Taekwang Power Holdings, has signed a $2.2b investment agreement with Vietnam for a 1,200MW thermal power plant.
Kuwait Joins Saudi-South Korean Petrochem Venture
Kuwait's Petrochemicals Industries Company (PIC) has agreed to pay $100m to buy a 25% equity stake in a venture owned by South Korea's SK Gas Co Ltd and Saudi Advanced Petrochemical Co.
Chevron Increases LNG Sales to China
Chevron signed its second agreement in the past month to sell LNG to China, amid mixed messages about the Chinese economy.
Saudi Acwa Signs Deal for Jordan’s Independent Power Plant
Saudi Arabia's Acwa Power has signed a power purchase agreement for 25 years with Jordan’s National Electric Power Company (Nepco) for the 485MW Hussein CCGT independent power project located in the Zarqa industrial area, worth $460m in total investment costs.
SABIC Unconcerned Over Iran’s Petchem Competition
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals companies, downplayed the possible threat posed to Saudi Arabia's petrochemicals industry from Iran's reentry into the international oil market with the final removal of sanctions.
Morocco Sets Wind Energy Cost Record
Morocco’s recent bid round for 850MW of large-scale wind energy projects may have set the record for lowest production costs at an average of $30/MWh.
