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 Abu Dhabi National Oil Company (ADNOC) has inked a long-term sales agreement with China’s Xiamen Sinolook Oil Company for its base oil, ADbase, Pipeline Oil and Gas Magazine reported. “The signing of this importan...
ADNOC Inks MoUs with OMV
The Abu Dhabi National Oil Company (ADNOC) has inked two memoranda of understanding (MoUs) with OMV to cooperate in developing the downstream sector, ADNOC announced on March 23. The MoUs were signed by Sultan Ahmed A...
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, Reuters reported. The deal is supposed to help Aramco increase its sales of crude oil to the refiner...
Saudi Aramco Becomes Full Owner of ARLANXEO JV
ARLANXEO, a joint venture (JV) between Saudi Aramco and German LANXESS, becomes fully owned by Saudi Aramco after purchasing the remaining 50% stake, Aramco announced in a statement on December 31,2018. The $1.7 billi... 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. “We are very excited with the establishment of...
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), the Oman Observer reported. The US-based subsidiary of Oman Oil plans to establish a pla...
ADNOC, Mubadala Sign Downstream Exploration Deal
The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Mubadala investment group on November 14 to explore more downstream investment opportunities, according to a company statement. The two firms will ex...
