Middle East downstream news

A new report from ICIS suggests that ‘big oil’ in the Middle East will boost the global petrochemicals footprint.

Another development in ADNOC’s strategy of expanding its petrochemical business, OMV plan further collaboration with the UAE company.

In a speech given at the Gulf Petrochemicals and Chemicals Association’s Research and Innovation summit, Aramco outlined their vision of increased research and production in the industry.

The UAE company won the award at the 2019 MEED Projects Awards for the Taweelah Gas Compression Plant’s swift completion and high safety standards.

WorleyParsons will take charge of the project management contract for the Ruwais petrochemicals complex in Abu Dhabi.

Fancraft and WoodServ join three other Cook Compression Authorised Service Partners.

Cooperation will include potential transportation, storage (onshore/offshore), bunkering as well as other LNG infrastructure.

Wood has been awarded an US$8 million contract by ADNOC Refining to deliver pre-front end engineering and design (pre-FEED) for a new refinery in Ruwais.

The 50:50 joint venture plans to invest around US$1 billion over the next six years in the Saudi fuel retail market.

Of the 1132 awarded contracts reported in the oil and gas industry in 4Q18, 487 were in EMEA.