Middle East downstream news

Aramco has signed an US$11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.

Bilfinger has been awarded a major FEED contract from Kuwait National Petroleum Co. (KNPC) for the new North Oil Pier at the customer’s MAA Refinery in Kuwait.

ADNOC Gas plc has announced the signing of a heads of agreement with Hindustan Petroleum Corp. Ltd to supply 0.5 million tpy of LNG for a 10-year term.

thyssenkrupp Uhde has signed a letter of intent (LOI) together with KÖKSAN for the delivery of two polymer plants in Türkiye and Iraq.

New Fortress Energy Inc., via a subsidiary, has executed a 5-year agreement for the deployment of the Energos Winter, an FSRU, with the Egyptian Natural Gas Holding Co. (EGAS).

ABB has been awarded a large order by bp, as the operator of the Sangachal terminal in Azerbaijan, to support the electrification and power grid stability of one of the world’s largest oil and gas terminals.

Borouge is set to collaborate with Honeywell to develop AI-powered autonomous UAE operations to accelerate growth and value creation.

OEG has finalised an evergreen agreement with Al Nasr Holding Co. WLL in Qatar.

Wood has secured a contract from TA’ZIZ to provide project management consultancy (PMC) for the development of the UAE’s first methanol production facility in Al Ruwais Industrial City, Abu Dhabi.

AD Ports Group and Advario have signed a head of terms agreement for a liquid bulk storage of clean energy and chemicals joint venture.