downstream | Egypt Oil & Gas - Part 3

ADNOC, ExxonMobil to Explore Collaboration Opportunities

The Abu Dhabi National Oil Company (ADNOC)’s CEO and UAE Minister of State, Sultan Ahmed Al Jaber met ExxonMobil’s CEO Darren Woods to discuss new collaboration opportunities in the upstream and downstream sectors ...

ADNOC Inks Sales Agreement with China for Base Oil

The agreement supports ADNOC’s plan to enhance its downstream sector and petrochemical operations.

ADNOC Inks MoUs with OMV

ADNOC inked two memoranda of understanding (MoUs) with OMV to cooperate in developing the downstream sector.

Saudi Aramco to Invest $1.6 B on South-Korean Refiner

Saudi Aramco plans to invest up to $1.6 billion to acquire around 20% stake in South Korean refiner Hyundai Oilbank.

Saudi Aramco Becomes Full Owner of ARLANXEO JV

ARLANXEO, a JV between Saudi Aramco and German LANXESS, becomes fully owned by Saudi Aramco after purchasing the remaining 50% stake.

Saudi Aramco Creates Retail Company to Support Downstream

Saudi Aramco announced on December 27 the establishment of the Saudi Aramco Retail Company (RetailCo), a wholly owned subsidiary, to satisfy the consumers’ needs of fuel.

Oman Oil Subsidiary to Invest in Duqm Refinery Project

Global petrochemicals company Oxea is set to invest in a planned petrochemicals complex in the Duqm special economic zone (SEZ).

ADNOC, Mubadala Sign Downstream Exploration Deal

The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Mubadala group on November 14 to explore more downstream investment opportunities.

Fifth Kuwaiti Refinery Cost Estimated at $5-$6B

Kuwait’s fifth refinery will cost between $5-$6 billion, Kuwait Integrated Petroleum industries Company revealed.

KPC Signs Oil Supply Contract for Chinese Refinery

The Kuwait Petroleum Company (KPC) has signed a contract to supply crude oil to a privately owned Chinese oil refinery.

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