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Middle East downstream news

ADNOC and Borealis enter into strategic partnership

ADNOC and Borealis have signed a US$6.2 billion investment agreement to build the fourth Borouge facility – Borouge 4 – at the polyolefin manufacturing complex in the UAE.


Murban Futures contracts commence trading

The Abu Dhabi National Oil Co. (ADNOC) and Intercontinental Exchange (ICE) celebrates the start of trading of the United Arab Emirate’s (UAE) flagship crude oil, Murban.


ADNOC Logistics and Services acquires six VLCCs

The six vessels will have a 300 000 metric t deadweight and the ability to carry nearly 2 million bbl of crude oil, adding a total of 12 million bbl capacity to the ADNOC L&S fleet.


Becht acquires EPS Customer Solutions

Through the addition of EPS Customer Solutions, Becht is establishing a broader physical presence in the EMEA region in order to provide support for the refining and petrochemical industries.