Middle East downstream news

Maire Tecnimont SpA has been awarded an engineering, procurement and construction contract for Borouge's new polypropylene unit.

The pledge is seen by GlobalData as an attempt by OPEC to address concerns over a possible undersupply scenario that could hamper global economic growth.

The two companies will explore ways to upgrade and commercialise the non-prime product generated at Borouge, the joint venture between ADNOC and Austria-based Borealis. This process, known as compounding, would take place at the proposed facility, situated in the Ruwais Industrial Complex.

ADNOC and OCP are set to broaden their partnership with the development of a new fertilizer joint venture.

ADNOC and Cepsa have signed a project development agreement for a new linear alkylbenzene facility at a refining and petrochemicals complex in Ruwais.

Total has signed a Memorandum of Understanding with the government of Oman to develop natural gas resources.

ADNOC has unveiled its plans to invest US$45 billion to become a leading global player in the downstream industry.

Duqm Refinery and Petrochemical Industries Co. has held a ceremony to mark the launch of construction work at the 230 000 bpd Duqm Refinery.

ADNOC is set to engage in non-speculative trading to optimise crude and product flows support downstream international growth.

SNC-Lavalin has been awarded a contract for the installation of a condensate handling facility and sour water disposal unit at Wasit Gas Plant.