Middle East downstream news

Sulzer and Manweir have signed a 10-year strategic service partnership in Qatar to enhance the availability and quality of equipment repairs and services.

The Egyptian Ministry of Petroleum and Mineral Resources has revealed the signing of a contract for the development of Phase One of the Red Sea Petrochemicals Complex.

SAMSUNG E&A has been selected as the contractor for Emirates Biotech’s PLA production plant in UAE.

OQ and Royal Vopak have partnered to accelerate the development of Duqm as an integrated industrial hub.

Axens has completed its expansion of its ACAL site to produce hydrogenation tail gas treatment catalysts in Saudi Arabia.

Burckhardt Compression has won an order for digital monitoring solutions in a petrochemical facility in Saudi Arabia and has expanded its service offering in the Middle East.

AD Ports Group and Oylz Terminals have signed a strategic agreement to develop a petroleum storage terminal at Khalifa Port, in the UAE.

Aramco has completed its acquisition of a 50% stake in Blue Hydrogen Industrial Gases Co.

Oil prices are likely to be lower in 2025 than the previous year according to a report from Wood Mackenzie.

OMV and ADNOC are set to create a US$60 billion global polyolefins group, Borouge Group International.