The Abu Dhabi National Oil Company (ADNOC) and ADQ, one of the region’s largest holding companies, have announced TA’ZIZ as the name of the new joint venture (JV) established by both companies.

Disouq Petroleum Company (Petro Disouq), the joint venture (JV) responsible for managing two natural gas fields; South Disouq and Ibn Younis at South Disouq concession, plans to increase natural gas supply to the national grid.

The Abu Dhabi National Oil Company (ADNOC) and OCI N.V. have settled the transaction of combining ADNOC’s fertilizer into OCI’s Middle East and North Africa (MENA) nitrogen platform to create a new leading Joint Venture (JV).

SABIC has extended its joint venture with the Japan Saudi Arabia Methanol Company (JSMC) in Saudi Methanol Company (Arrazi) for 20 years.

The JV will be equally-operated by the two companies through an investment of around $1 billion over the next six years

ADNOC inked on January 27 two new agreements with Eni and OMV for refining and new trading JV which will be jointly established by the three companies.

Weir oil and gas Dubai signed a multi-year contract with an Iraqi JV for rotating equipment overhaul services.

Kuwait Petroleum Corp (KPC) is discussing entering a joint venture with commodities traders or international oil companies in order to start trading refined oil products.

The JV will handle the financing, construction, and operation of the petroleum product pipelines and storage space through a Bonded Terminal System at Phu Quoc Island.

Qatar Petroleum (QP) announced the establishment of Ocean LNG Limited, which is a joint venture (JV) with ExxonMobil. The newly established company's core business will be marketing future LNG supply portfolio sourced outside of Qatar.