The Abu Dhabi National Oil Company (ADNOC) and OCP Group of Morocco (OCP) agreed to create a fertilisers joint venture, as part of ADNOCs attempt to diversify its portfolio from oil and gas assets

Abu Dhabi National Oil Company (ADNOC) said it would invest US$45bn over the next five years to boost the companys downstream portfolio, giving it a chance to cash in on the growing demand for petrochemical products

State-owned Saudi Aramco and Saudi Basic Industries Corp (SABIC) awarded KBR an engineering contract for their joint crude oil to chemicals project worth over US$20bn

Energy consultancy Wood Mackenzie said Saudi Aramcos MoU to build the Ratnagiri refinery and petrochemicals complex would be a win-win for the state oil-giant and India