Adnoc and Borealis have set out plans to hold an IPO for Borouge on the Abu Dhabi Securities Exchange.
Oman has signed gas deals with Shell and TotalEnergies on Block 10, with plans for a new LNG plant in the offing.
Abu Dhabi’s TA’ZIZ has signed up local private sector investors to back a portfolio of chemicals projects
Borouge has signed engineering, procurement and construction (EPC) contracts for its new plant, which it is working on with Adnoc.
Adnoc has signed a $6.2 billion deal with Borealis to expand the Borouge facility, in the United Arab Emirates.
Adnoc, Mubadala Investment and ADQ have signed a memorandum of understanding (MoU) on launching the Abu Dhabi Hydrogen Alliance.
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There are brighter days ahead for the oil industry, but companies must be agile and cut costs, Adnoc’s CEO Sultan Al Jaber said in opening remarks to the Adipec conference.
Saudi Aramco and Saudi Basic Industries Corp. will re-evaluate the scope of a planned crude-to-chemicals project in the kingdom as they seek to reduce spending amid a slump in prices for their products.
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).