Saudi Arabia has plans to invest US$10bn in South Africa through the construction of an oil refinery and petrochemicals plant, according to Saudi Arabias Energy Minister Khalid Al-Falih
Petrochemicals
Tendeka wins AICDs contract to boost oil recovery in Middle East
Independent global completions service company Tendeka has won a major contract in the Middle East, where it will provide reservoir modelling and the installation of its FloSure Autonomous Inflow Control Devices (AICDs) to boost production and improve reservoir performance in several mature fields
ADNOC L&S to transport cargo from Ruwais container terminal
Borouge, one of the leading petrochemical companies that provide plastics solutions, has awarded ADNOC Logistics & Services (ADNOC L&S) a three-year contract to transport 11mn tonnes of polymers from its Ruwais container terminal to Khalifa and Jebel Ali Ports
Dentons advises OOCEP on sale of Khazzan stake to Petronas
Dentons has advised Oman Oil Company Exploration & Production LLC (OOCEP), the exploration arm of the state-owned Oman Oil Company SAOC, on the sale of a 10 per cent stake in the giant Khazzan gas onshore field and project in Oman to Malaysias Petronas
‘Oil prices to trade between the US$60-70 per barrel range by mid-2019’
Oil prices are likely to trade between US$60-70 per barrel range by mid-2019, barring sharp economic slowdown, according to Arab Petroleum Investments Corporation (APICORP)
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