Middle East downstream news

Highlighting strong profits despite a challenging macro environment, Saudi Aramco has released its 2019 financial results.

GlobalData has reported that Iran is set to lead Middle East new-build refining capacity additions by 2024.

The Kuwait Downstream Summit has been postponed in response to the current COVID-19 coronavirus outbreak.

Penspen has announced that it has been awarded a contract with Robtstone to provide assistance for its EPC project in the UAE.

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 has announced that it has recently signed a land lease agreement with UAE’s Fujairah Oil Industrial Zone.

Speaking at the ICCUS conference, the CEO of ADNOC has announced the expansion of its carbon capture utilisation and storage aims.

BPGIC and Sahara decided to discontinue their joint development project due to differing perspectives and visions for the refinery.

ADNOC has awarded contracts worth US$1.65 billion for the construction of facilities for the Dalma gas development project.

GlobalData has reported that Asia is expected to lead global refinery crude distillation unit new-build capacity additions until 2024.