Middle East downstream news
Tecnimont provides additional details on ADNOC's Rich Gas Development project
Further to previous communications issued during 1H26, MAIRE has provided additional details regarding the Rich Gas Development (RGD) – Phase 3 project to be delivered by Tecnimont, part of the IE&CS business unit.
MERA Oil enters final stage of site selection for planned US$5 billion refinery
MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.
L&T wins major order from Kuwait Oil Co. for hydrocarbon onshore business
L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.
Wood Mackenzie: Saudi Arabia's Red Sea crude bypass peaks in March and declines 41% by June
Gulf crude exports fall 82% from January to June; Iraq, Kuwait and Qatar record zero exports as Strait of Hormuz remains severely constrained, Wood Mackenzie has reported.
GlobalData: the Middle East to lead global methanol capacity additions by 2030
The Middle East is poised to dominate global methanol capacity additions by 2030, driven primarily by its access to abundant and cheap natural gas, which is a primary feedstock for methanol production, GlobalData has reported.
Fluor awarded FEED for petrochemical facility in Bahrain
Fluor Corp. has announced that it has been selected by Gulf Petrochemical Industries Co. to execute the front-end engineering and design for a new aromatics facility located in the Kingdom of Bahrain.
Kent secures strategic Aramco Brownfield EPC and PMC LTA agreements
Kent has announced the signing of Long-Term Agreements and Project Management Consultancy agreements with Aramco, further establishing the company’s presence in the Kingdom of Saudi Arabia.
Fluor enters into long-term agreement with Aramco
Fluor has been selected by Aramco as a Programme Management Consultancy (PMC) contractor under a Long-Term Agreement (LTA) to support its global capital projects portfolio.
Celtic Renewables: Middle East turmoil is a wake-up call for the chemicals industry
The crisis in the Middle East should be a wake-up for the global chemical industry to end its dependence on fossil fuels for feedstocks and consider sustainable alternatives, according to Scottish green chemicals firm Celtic Renewables.
EIA: UAE’s exit from OPEC+ reduced the group’s share of crude oil production and capacity
On 28 April 2026, the UAE announced that it was leaving OPEC, effective on 1 May, which has reduced the group's global share of crude oil production and capacity.