Borouge Awards EPC Contract for UAE Ruwais Refinery
Borouge has awarded an engineering, procurement and construction (EPC) contract to a unit of Italy's Maire Tecnimont for a fifth polypropylene plant in the Ruwais petrochemicals complex.
UAE | Egypt Oil & Gas - Part 28
ADNOC: We Have Several Hundred Thousand b/d in Spare Capacity
Abu Dhabi National Oil Company (ADNOC) revealed on July 3 that it has the ability to increase oil production by several hundred thousand barrels per day (b/d).
Rig Builder Lamprell Agrees Saudi Joint Venture
UAE-based rig builder Laprell has set up a joint venture in Saudi Arabia to increase its business in the kingdom after a Saudi company acquired a 10% stake in the company.
UAE, SNC-Lavalin Agree Refinery Contract
Canadian firm SNC-Lavalin has won a contract for with Dubai-based Florexx International Investments for the basic engineering, design and construction of an advanced topping refinery in the UAE.
UAE’s Hamriya Free Zone Signs Investment Deal with Indian Oil Refinery
Hamriya Free Zone Authority has signed an investment agreement with Gandhar Oil Refinery India to establish an integrated project producing white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber pro ...
UAE, Russia Sign Strategic Partnership Deal
The UAE and Russia have signed a declaration of strategic partnership during Crown Prince Sheikh Mohamed bin Zayed’s visit to Moscow.
OPEC, Russia Consider Relaxing Production Cuts
Saudi Arabia and Russia will discuss allowing oil production to increase by around 1 million barrels per day (b/d) in an effort to ease concerns over a supply shortage and high oil prices.
UAE: More Pressing OPEC Issues than Iran
The Organization of Petroleum Exporting Countries (OPEC) has more important issues to consider than the US decision to withdraw from the 2015 nuclear agreement with Iran, United Arab Emirates Energy Minister Suhai ...
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.
Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets
Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...
