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Aramco, Pertamina award contract for $5bn JV Saudi Aramco owns 45% of

Aramco, Pertamina award contract for $5bn JV

Detailed engineering design was awarded to British consultancy, engineering and project management company Amec Foster Wheeler Energy

 •   Pertamina signs refinery FEED deal with Aramco
 •   Pertamina, Saudi Aramco plan $5bn refinery upgrade
 •   Indonesian Pertamina forms JVs with Aramco, Nippon


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nogaholding sets up $570mn finance facility

nogaholding sets up $570mn finance facility

The Sharia-compliant finance facility will enable nogaholding to invest in a number of profitable projects in Bahrain
 
ADNOC, Abu Dhabi Ports sign 50-year deal

ADNOC, Abu Dhabi Ports sign 50-year deal

The company will begin to implement a plan to set up a lube and grease plant, as well as storage warehouses to support distribution operations in different emirates
 
OOCEP marks first export of oil from new terminal

OOCEP marks first export of oil from new terminal

The tanker, 'VLCC TSURUGA', safely lifted approximately 300,000 barrels of crude from the Musandam Terminal for crude oil export on May 4
 
UAE delays building Fujairah LNG plant: Report

UAE delays building Fujairah LNG plant: Report

EmiratesLNG is looking at other options for the planned onshore facility including storing gas at the site, reloading it on ships for sale elsewhere and providing LNG as marine fuel
 

 

Dana Gas withholds dividend for 2nd year in row

Dana Gas withholds dividend for 2nd year in row

The company posted a 15% rise in full year net profit to AED528mn ($143.47mn) compared to AED457mn ($124.41mn) earlier
 
Oman plans to build oil storage terminal near Duqm

Oman plans to build oil storage terminal near Duqm

Proposed terminal will be built by a subsidiary of state-owned Oman Oil Company (OOC) at Ras Markaz in southeastern Oman
 
Taqa's Iraq project to be commissioned in Q2 2016

Taqa's Iraq project to be commissioned in Q2 2016

The Abu Dhabi-government owned company narrowed its loss to $490mn in 2015 from $816.78mn a year earlier
 
Iran builds pipeline for gas export to Iraq

Iran builds pipeline for gas export to Iraq

The project is estimated to earn Iran $3.7bn a year in revenues
 
Basic engineering of Iran-Oman gas pipeline starts

Basic engineering of Iran-Oman gas pipeline starts

The Iranian Offshore Engineering and Construction Co. (IOEC) has started to provide the basic engineering documents for the onshore sector of the pipeline
 
ADNOC taps France's Vallourec for 'mega tender'

ADNOC taps France's Vallourec for 'mega tender'

Vallourec beat out competitors including Nippon Steel, GSC and Tenaris for the commodity steel tube products, and players including Jubail Energy Services Company (JESCO) of Saudi Arabia, China's TPCO and TMK of Russia for the specialised products
 
Oman Oil seeking $1bn loan for subsidiary: Report

Oman Oil seeking $1bn loan for subsidiary: Report

State-owned company seeks funds for Oman Oil Company Exploration and Production to develop the Khazzan gas field
 
Iraq March oil exports hold steady at 3.35mn bpd

Iraq March oil exports hold steady at 3.35mn bpd

Iraq's southern exports in the first 23 days of March averaged 3.35mn bpd, close to the record of 3.37mn bpd reached in November
 
Iran in talks to process LNG in Oman

Iran in talks to process LNG in Oman

Omani Oil Minister says Oman LNG has a spare capacity of 1.5mn tonnes per annum, which can be used by Iran for liquefying its gas
 
Rex Oman ups stake in Masirah Oil to over 72%

Rex Oman ups stake in Masirah Oil to over 72%

Masirah Oil Ltd (MOL) has announced that its key shareholder Rex Oman Ltd has increased its stake in MOL from approximately 61.76% to 72.03%
 
KOGAS likely to lay down Iran-Oman gas pipeline

KOGAS likely to lay down Iran-Oman gas pipeline

The pipeline will be conducted in three phases to cover the Iran-the Strait of Hormuz section, the strait section and the Oman-LNG terminal section
 




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