Middle East downstream news
Strategic agreement signed for Abu Dhabi storage terminal
Abu Dhabi Ports and Arabian Chemical Terminals have signed a strategic agreement for the development of a commercial bulk liquid storage terminal.
Up to 3 million bpd of extra oil could hit market from April
Rystad Energy has reported on the 3 million bpd of extra crude which can hit the market from April, with more coming in May.
Saudi Aramco releases 2019 financial results
Highlighting strong profits despite a challenging macro environment, Saudi Aramco has released its 2019 financial results.
Iran to contribute 31% of Middle East refinery capacity additions
GlobalData has reported that Iran is set to lead Middle East new-build refining capacity additions by 2024.
Kuwait Downstream Summit postponed
The Kuwait Downstream Summit has been postponed in response to the current COVID-19 coronavirus outbreak.
Penspen awarded engineering services project with Robtstone
Penspen has announced that it has been awarded a contract with Robtstone to provide assistance for its EPC project in the UAE.
Qatar’s liquefaction capacity push to cost US$50 billion
Rystad Energy has forecast that Qatar’s drive to boost liquefaction capacity is set to cost US$50 billion and unlikely to be sanctioned this year.
BPGIC and Fujairah Oil Industrial Zone sign land lease agreement
BPGIC has announced that it has recently signed a land lease agreement with UAE’s Fujairah Oil Industrial Zone.
ADNOC announces expansion of carbon capture programme
Speaking at the ICCUS conference, the CEO of ADNOC has announced the expansion of its carbon capture utilisation and storage aims.
BPGIC and Sahara Energy to discontinue modular refinery project
BPGIC and Sahara decided to discontinue their joint development project due to differing perspectives and visions for the refinery.