Petrochemicals
Region to invest more in energy projects
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The UAE and four other Arab oil producers are planning to pump nearly US$470 billion into projects to expand their hydrocarbon output capacity to meet domestic and external demand, their oil group said recently.
Chinese agree MOU for Egypt refinery
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Two state-owned Chinese oil companies have signed a memorandum of understanding (MoU) with Egypt about investing US$2 billion in the construction of a 300,000-b/d refinery in the country, Reuters reported recently. Rongsheng Petrochemical Co. and CNPC would develop the refinery under a 25-year build-own-operate-transfer (BOOT) contract, eyeing a possible doubling of the plant's capacity after the first phase has come onstream.
Oilfield services provider continues to expand
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AlMansoori Specialized Engineering is a leading regional provider of oilfield services in the Middle East. Established in the UAE in 1977, the company now has over 1,300 employees working in 19 countries providing a variety of oilfield services and producing specialised products for the oil and gas industry.
A sustained show of strength in uncertain times
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ALL OF THE region’s main oil producers have been actively rolling out diversified energy and petrochemicals capacity for some time.
Seismic acquistion firm offers hyrdrocarbon exploration solutions
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Having been a leader in the seismic acquisition industry for over 50 years, Sercel continues to design, manufacture and support a full range of high-tech integrated equipment for hydrocarbon exploration in land, transition zone, ocean-bottom cable, marine, and down-hole environments.
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