Italy’s Eni and Austria’s OMV have agreed to pay USD 5.8 billion to take a stake in Adnoc Refining, Abu Dhabi National Oil Company’s refining unit.
Dr. Salim Al Huthaili, the CEO of Oxea, a global manufacturer of oxo intermediates, will join Duqm Refinery as CEO in January 2019.
Oman Oil Company (OOC) and Oman Oil Refineries and Petroleum Industries Company (Orpic) announced the appointment of Musab Al Mahruqi as the new Group CEO.
Abu Dhabi’s Supreme Petroleum Council (Abu Dhabi SPC) approved ADNOC’s new integrated gas strategy and plans to increase its oil production capacity.
Oil services provider Baker Hughes will pay $550 million for a five per cent stake in ADNOC Drilling, Abu National Oil Company’s drilling subsidiary.
Qatargas signs a long-term sale and purchase agreement with PetroChina International Company to supply China with 3.4 million tonnes of LNG per year.
Saudi Aramco, ACWA Power, and Air Products to form an over $8 billion Gasification/Power joint venture (JV) located at Jazan Economic City in Saudi Arabia.
Saudi Aramco and National Oilwell Varco to form a joint venture partnership to establish an on-shore rig and equipment manufacturing and aftermarket facility in Ras Al-Khair.
Adnoc, Saudi Aramco will jointly invest in the $44 billion Ratnagiri refinery and petrochemical complex that is coming up in the Western Indian state of Maharashtra.