Posts Tagged ‘Middle East’

Rosneft goes global

Rosneft’s Neftegaz signed farm-in agreement with ExxonMobil in Gulf of Mexico deepwater The first week of March gave the opportunity to Rosneft to unveil its objective to go global in multiplying strategic partnerships with leading companies such as ExxonMobil. On March 6th 2013, Rosneft‘s subsidiary Neftegaz America Shelf LP (Nefetgaz) signed (more…)

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Oman Oil scales up Duqm Refinery and Petrochemical complex project

OOC and Takamul to build world-scale storage terminal On January 2013, Oman Oil Company (OOC) and Takamul Investment Company (Takamul), both companies from the Sultanate of Oman, established a joint venture to build one of the world largest oil storage terminal at Raz Markaz in Oman. Called Oman Tank Terminal (more…)

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Saudi Aramco to speed up Empty Quarter gas field development

Shell and Saudi Aramco prepare bids for Kidan FEED Shell and Saudi Aramco are working, through their joint venture South Rub Al-Khali Limited (SRAK), on the call for tenders of the front end engineering and design (FEED) of the Kidan gas field development project. Saudi Arabia holds the third largest (more…)

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PDO plans for Marmul Polymer Project phases 2 and 3

Oman to invest $1 billion in new Chemical EOR Petroleum Development Oman (PDO) is working on the expansion of its Marmul Polymer project with flooding enhanced oil recovery (EOR) technique to maintain and increase the current production of heavy crude oil. Oman is one of the first country in the (more…)

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Qatar creates – Muntajat – a new company to boost Petrochemicals

Qatar to double petrochemicals production until 2020 On December 23rd 2012, Qatar established a new company, the Qatar Chemical and Petrochemical Marketing and Distribution Company (MUNTAJAT) Q.J.S.C., to lead the strategic development of the country on the downstream sector. In creating this corporation, Qatar is targeting to more than double the (more…)

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BP to increase capital expenditure to $27 billion annually by 2020

BP to focus on crude oil Exploration & Production  UK major BP PLc (BP) is planning to increase its capital expenditure per year from $19 billion in 2011 and $22 billion in 2012 to $24 billion in 2014 and $27 billion by 2020. After Macondo blow and TNK-BP turbulences, BP is (more…)

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Bahrain Petroleum Company (BAPCO) in brief

Energising The Future The Barhain Petroleum Company (BAPCO) is a national oil company wholly owned by the Government of Bahrain. BAPCO is one of the oldest oil and gas company in the Gulf, established in Bahrain by the Standard Oil Company of California in 1929. First oil was discovered in 1932 (more…)

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One Day – One Country: Kingdom of Saudi Arabia

Saudi Arabia Key Projects and Business Highlights More than any other country, Saudi Arabia initiated in 2012 one of the most versatile program of investment for projects of the oil and gas and petrochemicals industry from offshore upstream to high performances chemicals. Following the discoveries in the Egyptian side of (more…)

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AMEC in brief

Shaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC  is listed in London Stock Exchange and is building up its market leadership (more…)

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CNOOC in brief

China National Offshore Oil Corporation The China National Offshore Oil Corporation (CNOOC) is the Chinese third largest oil and gas company in China after PetroChina (CNPC) and Sinopec. Based in Hong Kong, CNOOC was established in 1999 to develop the offshore resources in complement of PetroChina focusing on the onshore (more…)

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