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Borouge signs deal for ethylene expansion project Construction began at the Borouge 3 ethylene expansion project.

Borouge signs deal for ethylene expansion project

Wison Engineering, a Chinese chemical engineering, procurement and construction (EPC) firm, has been awarded the contract

 •   Borouge unveils 2021 Sustainability Goals
 •   Borouge reaffirms commitment to Chinese market
 •   Borouge honours employees in field of innovation


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Lukoil quits Aramco JV project in Saudi Arabia

Lukoil quits Aramco JV project in Saudi Arabia

Luksar, as the project is known, was 80% owned by Lukoil and 20% by Saudi Aramco
 
Qatar to reduce condensate exports by 33% in 2017

Qatar to reduce condensate exports by 33% in 2017

Starting January next year, Qatar will export around 20 cargoes of condensates a month, down from the 30 it is exporting presently
 
BP eyes investment in Iran oilfields: Report

BP eyes investment in Iran oilfields: Report

Negotiations are underway with BP for cooperation in oilfield development, boosting recovery rate at oilfields and research projects
 
ENOC secures $230mn loan from major Chinese bank

ENOC secures $230mn loan from major Chinese bank

Dubai Government-owned oil company says loan will finance its 'long-term strategic growth'
 

 

Aramco to boost capacity of east-west pipeline

Aramco to boost capacity of east-west pipeline

The Saudi oil giant is planning to expand the capacity of its east-west crude pipeline to 7mn barrels per day by the end of 2018 from the current 5mn bpd level
 
Mubadala Petroleum, Oxy to exit Bahrain oilfield

Mubadala Petroleum, Oxy to exit Bahrain oilfield

The partners have reached an agreement with Bahraini authorities to exit Tatweer Petroleum, the operator of the Bahrain Field
 
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
 




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