Middle East downstream news

Oil prices are likely to be lower in 2025 than the previous year according to a report from Wood Mackenzie.

OMV and ADNOC are set to create a US$60 billion global polyolefins group, Borouge Group International.

Osaka Gas and ADNOC have signed a long-term LNG sale and purchase agreement.

Egypt has signed a framework agreement with the UK's Shard Capital for US$7 billion petrochemical complex in New Alamein.

Advario Oman has managed to earn its place on Oman’s Green List for meeting Oman’s environmental standard.

Abraj Energy Services, an Omani oil and gas services provider, has strengthened its international presence by signing two MoUs.

SAMSUNG E&A has won a contract worth US$1.7 billion for a Methanol Plant Project in the UAE.

Bahri and Petredec have built a strategic alliance to meet Saudi Arabia’s Growing LPG and ammonia shipping needs.

Levidian's LOOP technology has gone live at one of the world's largest gas processing plants.

CB&I has been awarded a contract by TJN Ruwais LNG Joint Venture for its LNG project located in Abu Dhabi, UAE.