Middle East

China Steps Further into Iraq with New Refinery Agreement

The Iraq Ministry of Oil recently announced that China had agreed on a plan for the funding, construction, and operation of a new refining and petrochemical complex in Southern Iraq.

HYPORT Duqm signs cooperation agreement with Uniper to explore green ammonia offtake

Oman’s strategic green hydrogen project HYPORT Duqm has signed a cooperation agreement with energy giant Uniper. Under the cooperation, Uniper will be joining the project team to provide engineering services and negotiate an exclusive offtake agreement of green ammonia.

The World in Review

BP’s annual Statistical Review of World Energy was launched virtually by Chief Economist Spencer Dale on 8 July.

Qatar Petroleum and Korea Gas Corporation (KOGAS) signs a 20-year SPA to supply 2 Million tons of LNG Annually

Qatar Petroleum entered into a new, 20-year Sale and Purchase Agreement (SPA) with Korea Gas Corporation (KOGAS) for the supply of 2 million tons per annum (MTPA) of LNG to the Republic of Korea.

Qatar Petroleum signs a 15-year SPA to supply 1.25 MTPA of LNG to CPC Corporation, Taiwan

Qatar Petroleum today entered into a 15-year LNG Sale and Purchase Agreement (SPA) with CPC Corporation, Taiwan (CPC) for the supply of 1.25 million tons per annum (MTPA) of LNG.

Qatar Petroleum signs SPA to supply China with 1 MTPA of LNG for ten years

Qatar Petroleum today entered into a long-term Sale and Purchase Agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to the People's Republic of China for ten years. LNG deliveries will commence in January 2022 to various LNG terminals in China.

Reliance and ADNOC Team Up for Ruwais Petrochemical Complex

Reliance Industries of India and Abu Dhabi National Oil Co (ADNOC) have signed an agreement for a significant new petrochemical project to be set in Ruwais, as jointly announced by both companies.

Qatar Petroleum has received offers for double the equity available in the North Field East project (NFE)

His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, The President and CEO of Qatar Petroleum, said Qatar Petroleum has received offers for double the equity available to potential partners in the bidding process for the North Field East project.

EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco

EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced the closing of its previously announced transaction with Saudi Arabian Oil Co. (“Aramco”), under which a consortium of investors acquired a 49% equity stake in Aramco Oil Pipelines Company (“Aramco Oil Pipelines”), a newly formed entity with rights to 25 years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network.

Gwadar Refinery Plans are Shifting Over to Karachi

Saudi Arabia has reportedly altered its intentions to build a new refinery in Gwadar over to a new location near Karachi. Gwadar has been considered a key piece for the China-Pakistan Economic Corridor, and this decision to move away is likely a detriment to the plans for this hub.

Siemens Energy inaugurates industrial scale green H2 project in MENA Region

Siemens Energy, in collaboration with Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai, has inaugurated the first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa.

Engro Contracts Honeywell UOP and W.R. Grace for Technologies at PDH/PP Complex

Engro of Pakistan recently announced it has chosen Honeywell UOP and W.R. Grace for respective technologies to be utilized at the company’s upcoming Propane Dehydrogenation and Polypropylene (PDH/PP) production facility in Karachi, Pakistan.

Amazon renewables drive

Amazon the America multinational technology company, most popular as an online retailer, has been in recent years driving to a more sustainable carbon footprint. In 2019 the enterprise-wide carbon footprint from direct and in-direct operational activities was 51.17 MMT CO2e according to the business’s website.

Samsung Signs on to Build Significant Saudi Arabian PDH Plant

Samsung Engineering of South Korea recently stated that it has been awarded a contract valued at $653 million dollars for the construction of a propane dehydrogenation plant (PDH) in Saudi Arabia.

Rabigh Solar PV IPP Project in the Kingdom of Saudi Arabia

Marubeni Corporation (Marubeni) signed a Power Purchase Agreement with the Saudi Power Procurement Company (SPPC) through a Special Purpose Company (SPC) established with Al Jomaih Energy & Water Company Limited (Al Jomaih) in January 2021. In March 2021, a loan agreement for limited-recourse project financing for the Rabigh Solar PV IPP Project was signed, and EPC (Engineering, Procurement and Construction) work on the project proceeded the following month.

Hydrogen – data telling a story

The Global Energy Infrastructure (GEI) team held a webcast earlier in March which looked at trends in traditional and new energy markets which reveals major trends in global energy markets.

Pakistan Poised for Progress with Saudi Aramco’s $10 billion “Oil City” in Gwadar

It was recently reported that Pakistan will indeed begin plans for a significant refinery complex to be built in Balochistan’s Gwadar district.

Qatar Petroleum Moves Forward with North Field East LNG Project

State owned Qatar Petroleum (QP) recently announced that it will indeed proceed with the nearly $30 billion-dollar North Field East (NFE) LNG export project in the country. The company added that it is believed to be the world’s largest of its kind.

Qatar expansion gets the go ahead

Qatar Petroleum has taken FID on four more trains at Ras Laffan, the most competitive LNG project in the world.

Maire Tecnimont SpA Signs on for Two New EPC Contracts at the Heydar Aliyev Baku Refinery

Maire Tecnimont SpA of Italy announced on February 3, 2021 that two of its subsidiaries will provide engineering, procurement and construction (EPC) services as part of the modernization program underway at the Heydar Aliyev Oil refinery in Baku, Azerbaijan.

Data is king, integration is queen

Harnessing the power of data science and real-time intelligence offers a powerful single view of the market Few people know that data intelligence firm Kpler’s journey actually started in 2014, when the founders were told by an LNG trader: “I receive many proposals for ship-tracking software, but I don’t care about the ships. I care about cargoes into them, their volumes and the commercial information related to them”.

Oman Shell launched the 25-megawatt Qabas solar plant

Oman Shell launched the 25-megawatt Qabas solar plant, helping the port and freezone in Sohar to become more sustainable and demonstrating the commercial benefits of solar power for industrial purposes. Owned by Shell, Sohar Solar Qabas is the company’s first utility scale, photovoltaic (PV) solar project in the Middle East and in Oman.

UAE leads the way in solar power in the Middle East

The United Arab Emirates (UAE) is pushing ahead with its transition to alternative fuels. According to a report from Deloitte the key drivers for the growth of the UAE solar sector are large scale government sponsored solar energy projects and a strong sovereign credit rating offering low risk for Independent Power Producers (IPPs) with Power Purchase Agreements (PPAs). This is evident in the scale of projects that have already been completed or under construction

UAE Energy Minister believes oil demand could recover by the end of 2021

According to recent reports, United Arab Emirates Energy Minister Suhail al-Mazrouei has commented on a potentially updated timeline for a return to form for global oil demand. He believes that global demand will make a somewhat optimistic return to pre-pandemic level by the end of 2021 or early 2022.

TAQA Announces Financial Closing for the World’s Largest Solar Power Plant

Abu Dhabi National Energy Company (TAQA) – alongside partners Masdar, EDF Renewables and JinkoPower – announced, today, the successful financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project.

Greece extends its import influence

DESFA, the operator of the Greece natural gas transmission system, has been awarded the operation and maintenance services of Kuwait’s newest LNG import terminal. The 11.5m t/y Al Zour LNG import terminal, currently under construction for 2021 will have eight storage tanks with a capacity of 225,00..

Dow and the Al-Hejailan Group Announce Joint Venture for Saudi Arabia

The Al-Hejailan Group of Saudia Arabia and Dow of the United States recently announced that it will form a joint venture for the design, construction, and eventual operation of a polyacrylic acid (PAA) and emulsion polymers plant to be placed in Saudi Arabia’s Plaschem Park. This joint venture will be headed up by Al-Hejailan with 75% ownership with Dow holding the remaining 25%.

Support for wind's growth

The International Energy Agency (IEA) report, Renewables 2020 released on 10 November 2020, proclaims that renewable power is defying the Covid crisis with record growth this year and next. It goes on to say that renewables will account for almost 90% of the increase in total power capacity worldwide in 2020 and will accelerate in 2021 to their fastest growth in the last six years. Wind and solar additions are set to jump by 30% in both the United States and China as developers rush to take advantage of expiring incentives.

Oman’s Duqm petrochemical project postponed for now

The Duqm Refinery and Petrochemicals Industries Company (DRPIC) of Oman stated recently that the petrochemical portion of its Duqm Refinery and Petrochemical Complex has paused its progress. The COVID-19 effect on the company’s economics has been called the likely reason for this postponement.

Crude Oil to Chemicals technology: a revolution for the petrochemicals industry

Refiners are looking to integrate petrochemical activity into their production in a big way. Crude-oil-to-chemicals (COTC) projects will be a powerful tool for refiners looking to maximize chemical production through increasingly efficient technology expected to consistently improve in chemical yields from the crude feedstock.

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