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Iran starts construction of $1bn petrochem plant Iran has started construction of a $1bn petrochemical plant in Gachsaran.

Iran starts construction of $1bn petrochem plant

The Gachsaran plant will have a capacity of of 5,000 tons of formic acid and 500 tons of vinyl acetate and generate over 400 jobs

 •   Indonesia signs new deal with Iran
 •   Iran hopes to sign $25bn oil deals within 2 years
 •   Iran probing if oil accidents were cyberattack


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QP to hand over non-core business units to Manateq

QP to hand over non-core business units to Manateq

The transaction will go into effect as of January 2017
 
Dentos advised Oman's MB Holding on $76mn Sukuk

Dentos advised Oman's MB Holding on $76mn Sukuk

Facility represents the first dual tranche Sukuk issuance in the Sultaanate
 
Tasweeq integrated into Qatar Petroleum

Tasweeq integrated into Qatar Petroleum

The integration will involve transitioning Tasweeq's employees, assets and customer relationships into the QP organisation before the end of the year
 
PDO honours 50 staff for driving efficiency

PDO honours 50 staff for driving efficiency

The employees have been formally accredited as 'Lean' practitioners for implementing projects which have eradicated waste and unnecessary or uneconomic work practices
 

 

Mubadala appoints new CEO for energy subsidiary

Mubadala appoints new CEO for energy subsidiary

Ahmed Saeed Al Calily to replace acting CEO Homaid Al Shimmari
 
PDO to borrow $3.4bn in response to low oil prices

PDO to borrow $3.4bn in response to low oil prices

Money will be used to top government financing for the company's oil & gas activities over the next year
 
Frames opens Dubai office

Frames opens Dubai office

Company says move is part of its effort to broaden scope in the Middle East
 
OneSubsea wins Egypt subsea contract from BP

OneSubsea wins Egypt subsea contract from BP

Company will supply subsea production systems for offshore field    1 Comments
 
Young Global Leaders visit Saudi Aramco

Young Global Leaders visit Saudi Aramco

Group met with many leading figures, including Amin Nasser
 
Amec Foster Wheeler refinances debt facilities

Amec Foster Wheeler refinances debt facilities

Company has entered into new agreement with a syndicate of 20 banks
 
Aramco: manufacturing a first for IKTVA program

Aramco: manufacturing a first for IKTVA program

Aramco says it is making significant strides to boost localisation
 
Aramco champions local business growth

Aramco champions local business growth

CEO, Amin H. Nasser was speaking at Global Competitiveness Forum in Riyadh
 
Air Energi, Swift merge to form recruitment firm

Air Energi, Swift merge to form recruitment firm

Airswift, the new company, will have a total of 57 operating locations, employ over 800 people globally and manage a workforce exceeding 6,000 worldwide
 
Craig International opens Middle East offices

Craig International opens Middle East offices

Oilfield procurement specialist has won $55mn contract with an operator in Qatar
 
Bahrain MPs stage protest over fuel price hike

Bahrain MPs stage protest over fuel price hike

Country is following other GCC states by increasing fuel prices
 




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