The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, has announced signing a financial structuring mandate with Suez company for methanol derivatives to finance the development of formaldehyde and derivatives project in Damietta, Egypt
At an investment conference, Saudi Arabia also signed deals worth more than US$50bn in sectors including oil, gas and infrastructure
National Oil Companies (NOCs) are diversifying beyond their upstream oil and gas core, with major NOCs forecast to spend more than US$116bn in new petrochemicals projects, according to GlobalData, a data and analytics company
Petrochemicals will surpass cars, trucks and aviation in future oil demand growth, according to a study by the International Energy Agency (IEA)
ADNOC LNG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed an engineering, procurement and construction (EPC) contract for the second phase of the integrated gas development expansion (IGD-E) project with a consortium of Spains Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company
