Saipem wins US$850mn pipeline contract in Kuwait’s Al Zour oil refinery

Al ZourItalian engineering company Saipem has received a contract worth US$850mn from Kuwait Oil Company (KOC) to build 450km pipeline system for the new Al Zour refinery located in the south of Kuwait

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Shell complete SADAF chemicals sale in KSA to SABIC for US$820mn

three people walkingShell has completed the sale of its 50 per cent share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for US$820 million

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Sadara, the world’s largest chemicals complex built in a single phase, commemorates commissioning of all 26 plants

sadaraCommissioning of its last plant, the region’s first isocyanates facility, marks milestone achievement for the massive chemicals complex

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Saudi Arabia to cut crude allocations by 520,000 bpd in September 2017

33482351271 daed89b313 zSaudi Aramco will cut crude oil allocations by at least 520,000 bpd to its customers worldwide in September 2017, in relation to Saudi Arabia’s commitment to OPEC’s deal on global supply reduction

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Petrofac and Samsung Engineering awarded JV contract for Duqm refinery project in Oman

duqm areaPetrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2bn with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman

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