Middle East downstream news

AL WAHA Petrochemicals Company has announced it will use Honeywell's Connected Plant in order to improve plant performance.

ADNOC has announced it has signed an agreement for 5.86 million barrels of strategic crude oil reserves in India.

FGV has announced it will reinforce its leadership position in Pakistan with business expansion projects, including a multipurpose tank terminal and modern warehouse to expand its jetty operations in Pakistan.

Coreworx has announced that its interface management has been implemented at a US$3.6 billion petrochemical complex project situated in Oman.

Technip has been awarded a service contract including proprietary technologies for a new gas and petrochemical complex in Azerbaijan.

Alfa Laval has announced it been awarded with an energy efficiency order, valued at SEK 150 Million, for a gas plant in the Middle East.

BP has signed an agreement that grants the company a 10% interest in Abu Dhabi’s ADCO onshore oil concession.

Electric valve actuator manufacturer AUMA has won several important contracts in Fujairah, the largest of which is for the Black Pearl project, commissioned by tank farm operator Vopak Horizon Fujairah Limited. .

The UAE LNG market is projected to grow due to a decline in domestic natural gas supply and the implementation of government policies supporting the adoption of LNG-based power generation.

Squeezed budgets and rising energy demand will significantly heighten the demand and use of renewable and energy efficiency technologies across the Middle East.