Middle East downstream news

Oman Tank Terminal Co. (OTTCO), a subsidiary of OQ Group, and Royal Vopak have signed a shareholder agreement to establish a new company in the Special Economic Zone at Duqm, Oman (SEZAD).

Suez Canal Authority has signed a strategic partnership contract with Anchorage Investments to build a petrochemicals complex in Ain Sokha, Egypt, with US$2 billion in investments for the first phase.

In the October issue of Hydrocarbon Engineering, Nancy D. Yamaguchi, Contributing Editor, explores the market turbulence across the global oil and gas industry, considering the effects for major producers and refiners in the Middle East.

UAB-Online has announced a new partnership with Digital Port Agency Ltd (DPA), headquartered in the UAE.

Burckhardt Compressions has secured a major equipment order for a new chemicals storage facility in the TA’ZIZ Industrial Chemicals Zone, located in Al Ruwais Industrial City, Abu Dhabi, UAE.

Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5% stake in Petro Rabigh from Sumitomo for US$702 million (SAR 7 per share).

Aramco, Honeywell, and KAUST have signed a joint development agreement to develop technology to advance the capabilities of crude-to-chemicals, Saudi Arabia.

thyssenkrupp Uhde has commissioned the start-up of a hydrogen recovery unit (HRU) at the Fertil plant in Ruwais, UAE, owned by Fertiglobe.

Baker Hughes has announced an agreement with Halfaya Gas Co. (HGC) to strengthen their collaboration for a flare gas recovery system at the Bin Umar gas processing plant in southeastern Iraq.

The US Energy Information Administration (EIA) considers how geopolitical tensions across Europe and the Middle East have affected diesel and gasoline prices throughout the summer of 2025.