downstream | Egypt Oil & Gas - Part 2
Natural Gas to Reach 50,000 Clients in Abu Al Numros
The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced the connection of Abu Al Numros area to natural gas grid for the first time to provide natural gas to about 50,000 clients, according to a pre...
Aramco to Redesign Downstream Business
The world’s largest oil company, Saudi Aramco, is set to reorganize its downstream business and enhance integration across the hydrocarbon value chain in order to enhance financial performance and value creation, acco...
Downstream Sector Grows by 78% in Q3 2019/20
The downstream sector has witnessed a 78% growth in Q3 2019/20, according to Minister of Planning and Economic Development Hala Al-Saeed, the Cabinet reported. This was largely due to an agreement between the Egyptian... Saudi Aramco Acquires 17% Stakes in Hyundai Oilbank
Saudi Aramco has completed acquiring 17% stakes of South Korea’s Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion, according to Pipeline Oil and Gas News. The acquisition wa...
ADNOC Selects Honeywell For Largest Maintenance Project
The Abu Dhabi National Oil Company (ADNOC) signed a 10-year contract with Honeywell to drive improved asset and machinery management across the company’s upstream and downstream operations, according to a press releas...
Saudi to Invest in India’s Downstream Projects
Saudi Arabia is planning to invest in downstream oil and gas projects in India as part of a strategic partnership between the two countries, Zawya reported. India’s Prime Minister Narendra Modi revealed his country’s ...
ADNOC, Gazprom Neft Enter Upstream, Downstream Cooperation Agreement
The Abu Dhabi National Oil Company (ADNOC) and Russia’s Gazprom Neft have entered into a strategic cooperation agreement for upstream and downstream sectors, according to Pipeline Oil and Gas Magazine. The agreement w...
ADNOC, OCI Discuss Merging Middle East Fertilizer Assets
Abu Dhabi National Oil Company (ADNOC) and Dutch chemical producer OCI NV are discussing merging their fertilizer businesses in the Middle East, industry sources told Bloomberg. “OCI continually considers strate...
