The world oil market is expected to reach full stability in 2018, following the anticipated reduction of the level of inventories to a comfortable level, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, minister of energy and industry in the UAE

The industry sector across the GCC region needs to transform itself for the upcoming challenges in order to continue the strong outlook for the Gulf petrochemical and chemical industry, according to Yousef Al-Benyan, vice-chairman of SABIC and CEO of the GPCA

Saudi Aramco and SABIC have signed a MoU to develop a fully integrated crude oil to chemicals (COTC) complex in Saudi Arabia, aiming to govern the execution of the front end engineering design (FEED) before a final investment decision is made

Gardner Denver Petroleum and Industrial Pumps (P&IP) has officially launched its Parts on Demand programme in the Middle East, as its part of expansion to the international market

Statoil, Shell and Total have signed a CO2 storage partnership agreement aiming to mature the development of carbon storage on the Norwegian continental shelf (NCS)