DMEA - Downstream Middle East & Africa
Saudi Aramco (Aramco) is currently considering investment opportunities in the Vietnamese refining and petrochemical sectors, following a previous withdrawal from a joint venture (JV) project in the country seven years ago.
On October 22, Angola’s Sonagol and China National Chemical Engineering Company (CNCEC) signed a deal involving a contract for the construction of the Lobito refinery in Benguela, Angola.
The Iraqi prime minister this week reiterated his government’s position that it is ready to resume exporting oil through a pipeline that crosses Turkey to the Mediterranean Sea.
Saudi Aramco agreed significant deals for gas processing and oil storage during this week’s visit to the Kingdom by the Korean president
War in Gaza won’t change the outcome for EMGP, which lost too much momentum before the Mideast fell into conflict.
Italy’s Eni reported on October 21 that the first two vessels it will use in its Congo LNG project had left the dock in Dubai.
Iran’s largest petrochemical holding group, Persian Gulf Petrochemical Industries, posted a 9.5% increase in output over the past seven months compared to the same period last year.
The escalation in the Israel-Hamas conflict is inciting apprehensive speculations about the impact on global oil markets amid the complex web of geopolitics, sanctions and spectre of broader tensions in the region and beyond.