Jordan to build oil shale-fueled power plant
Jordan and Attarat Power Company (APCO) has signed a US$2.2bn deal to build oil shale-fueled power plant with a capacity of 470MW
Industry
Gulf Petrochem buys Shell’s bitumen plant in India
UAE-based Gulf Petrochem has acquired a bitumen plant, located in Indian state of Gujarat, from Shell
Oxy to sell Dolphin Energy stake to Mubadala Development Company
US-based Occidental Petroleum Corporation (Oxy) is in talks to sell one-fifth of its 24.5 per cent stake in Dolphin Energy to Mubadala Development Company
Egypt to buy majority oil product imports from UAE
Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product imports from the UAE’s ADNOC for a year
Oman Oil Company signs US$1.85 billion revolving credit facility
Oman’s energy investment firm Oman Oil Company (OOC) has signed a revolving credit facility (RCF) agreement worth US$1.85bn with 16 local, regional and international banks
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