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)
Petrochemicals
TechnipFMC signs offshore agreement with Saudi Aramco
TechnipFMC, in consortium with Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), has signed a long-term offshore agreement with Saudi Aramco
Drydocks World completes Rashid D Wellhead Platform for offshore UAE
Drydocks World, one of the leading marine, onshore and offshore service providers to the shipping, oil, gas and renewable energy sectors, has completed the Rashid D Wellhead Platform jacket and topside for TechinpFMC and end client Dubai Petroleum
Halliburton wins drilling contract for Iraq oil field
Halliburton Company has signed two contracts with Eni Iraq BV (Eni) to provide integrated drilling services at Eni’s Zubair Oil Field in Southern Iraq
APICORP announces US$100mn financing for Oman’s Duqm Refinery
The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, has announced a US$100mn investment as part of a consortium of international and regional banks to finance the construction of Oman’s Duqm Refinery
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