joint venture | Egypt Oil & Gas - Part 2

SABIC, ExxonMobil to Construct Petrochemical Plant in Texas

SABIC and ExxonMobil will jointly construct a petrochemical facility, including a 1.8 million metric ton ethane steam cracker in Texas.

Iraq, China Joint Venture Deal by November

Iraq’s state oil marketer SOMO is closing in on a deal with China’s state-run Zhenhua Oil for a joint venture to help boost Iraqi oil sales to China, the world’s top oil importer.

Iraq’s WTE Wajdi Group, SPX to Start JV

SPX , which is a global supplier of flow components, process equipment and is willing to start a joint venture with the Al Wajdi Group (WTE) to deliver service rotating and static equipment for industrial and power ...

Echo Energy Sells Stake to Partner Nostra Terra

Echo Energy has sold its 25% interest in Egyptian East Ghazalat licence to its joint venture partner, Nostra Terra.

EnerMech, Khudairi Group Launch JV in Iraq

The joint venture targets both the re-emerging oil and gas and large infrastructure sectors.

Bilfinger’s Omani JV Wins PDO Extension Contract

Germany-based Bilfinger said its Oman joint venture (JV) has won an extension of its contract to provide engineering and maintenance services to oil and gas company Petroleum Development Oman (PDO).

Aramco to pay Shell $2.2b to Dissolve JV

Saudi Aramco finalized the execution of definitive agreements with Royal Dutch Shell plc to separate and transfer the assets, liabilities and businesses of the Motiva Enterprises LLC joint venture (JV).

Nigeria to End Cash Call Agreement with JVs

Nigeria formally ended the era of cash call payment by the joint venture (JV) operators in the oil and gas industry.

Rowan, Aramco to Form a Saudi JV

US Rowan Companies Plc announced that it was forming a joint venture with Saudi Arabian state oil giant Saudi Aramco.

Shell Demands Aramco to Pay $2b in Compensation for JV Breakup

Royal Dutch Shell has asked Saudi Aramco for up to $2b as part of the breakup of their giant Motiva Enterprises refining joint venture (JV) in the United States.

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