Saudi Aramco has set ambitious targets for itself and the petrochemical sector in the Middle East over the next ten years that will force the industry to fully take advantage of the upcoming global boom in the chemical industry.
Shipments of refined crude from Omans port of Sohar are continuing, a port spokeswoman said, after recent anti-government protests had blocked roads leading to the key industrial area in Oman.
Kuwait Petroleum Corp (KPC) plans to spend US$90 billion in the next five years as part of its strategy to boost oil production and relaunch much of the countrys stalled upstream and downstream projects which have been affected by political wrangling.
Italys Saipem SpA, a subsidiary of Italian energy firm Eni, has signed two contracts with a total value in excess of US$1.2 billion to develop oilfields in Kuwait and Syria.
