ADNOC to Invest $50B in Downstream Operations
Abu Dhabi National Oil Company (ADNOC) announced on May 13 plans to invest almost $50 billion over five years to develop its downstream business.
Abu Dhabi National Oil Company (ADNOC) announced on May 13 plans to invest almost $50 billion over five years to develop its downstream business.
Middle East Oil Refinery (Midor) refined 40.5 million barrels of crude oil in 2017 and contributed in providing over 3 million tons of different petroleum products to the local market worth around $1.4 billion.
Algeria’s Sonatrack has packed a deal with the Libyan National Oil Corporation (NOC) to jointly operate a number of crude oil fields located between the two countries’ borders.
ANRPC plans to refine 5 million tons of crude oil in FY 2018/2019 in order to produce around 99,000 tons of butane, 1.3 million tons of naphtha, 1.2 million tons of diesel, 1.4 million tons of mazut, 400,000 tons ...