Middle East downstream news
Engro closes deal with Royal Vopak for shareholding in Elengy Terminal
Engro Corp. has sold 24% and IFC has sold 5% shares in ETPL to Vopak LNG Holding B.V.
ADNOC and Cepsa award first Ruwais Derivatives Park contract
The LAB project is the first of the derivative units to be advanced under ADNOC’s AED165 billion Ruwais downstream investment programme.
Sadara completes creditors reliability test
This test demonstrates the reliability of the company’s 26-plant chemical complex by operating at high rates for an extended period of time.
ENOC extends RFID services to two more DP World terminals
The services allow DP World to monitor diesel consumption, increase operational efficiency and manage scheduled vehicle maintenance.
Bilfinger and EMC sign MoU to deliver maintenance and modernisation
Agreement covers both companies’ growth opportunities in Egypt’s hydrocarbon, energy and industrial sectors.
ADNOC co-loads LPG and propylene onto vessel in Ruwais
The freight-rate-reducing measure is an industry first.
Saudi Aramco announces energy megaproject, SPARK
The King Salman Energy Park will target exploration, production, refining, petrochemicals, conventional power and water production and treatment.
Bilfinger and RATE sign sour gas monetisation agreement
The agreement aims at maximising the monetisation of the companies’ sour gas resources in the Middle East.
Sonatrach and ESSO Italiana close Augusta refinery transaction
ExxonMobil subsidiary sells oil terminals, refinery and pipelines to Algerian company.
ADNOC to expand carbon dioxide capture to boost oil recovery
The capture, storage and utilisation of carbon dioxide will be expanded at either the Habshan-Bab gas processing facilities or the Shah gas plant.