Saudi petrochemical producers face a perfect storm of low demand, falling prices and higher feedstock cost
Saudi Arabia's petrochemical producers are staring at a few more quarters of squeezed margins as higher feedstock prices, lower product...
Oil & Gas
Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects
Egypt has revealed plans to invest around $9 billion in new projects in oil refining and petrochemicals, the Ministry of...
Total-led consortium to start drilling offshore Lebanon in September
DUBAI, May 9 (Reuters) - A consortium led by TotalEnergies (TTEF.PA) will start drilling for oil and gas off the...
Oman’s refinery products output jumps by 44%
Muscat: Total refinery products in the Sultanate of Oman grew by 44 per cent at the end of February 2023,...
Iraq agrees to 30% stake in TotalEnergies $27bln energy project
BAGHDAD - Iraq said it has agreed to a smaller 30% stake in TotalEnergies long-delayed $27 billion project, reviving a...
Egypt signs 8 gas exploration contracts worth $934mn over 15 months
The Ministry of Petroleum and Mineral Resources announced that five gas exploration contracts were signed in FY2019/2020, and three others...
JGC lands $3.7bn Iraq refinery upgradation project deal
JGC Corporation, a global engineering company headquartered in Japan, said it has secured a contract for the upgradation of a...
Lebanon: Well site to be located in Block 9 in six weeks
French oil company Total is expected to specify within six weeks the location of the well to be drilled by...
Saudis express interest in Iraq’s Ratawi gas hub
Saudi Arabia has expressed interest in investing in a gas hub at Ratawi in southern Iraq, former Iraqi electricity minister...
The Middle East’s top construction contracts of May 2020
May 2020 saw several countries across the region announce ease on restrictions surrounding COVID-19 pandemic. This move comes as most...
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