Royal Vopak expands share in Pakistan LNG infrastructure
The company will acquire in total 44% in Elegy Terminal Pakistan Ltd.
Browse the latest middle east downstream news news and articles.
On the 14th November, the Abu Dhabi National Oil Company (ADNOC) hosted a Gas, Refining and Petrochemicals Forum during the 2018 edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
Asia is expected to be the major contributor to the growth of global LNG regasification capacity between 2018 and 2022, according to a GlobalData report.
Samsung Engineering and the Chicago Bridge & Iron Company (CB&I) – a McDermott International company – recently selected Siemens to provide 19 process reciprocating compressors for ADNOC Refining’s crude flexibility project at Ruwais Refinery-West.
ADNOC LNG signed the agreement in coordination with its JV partners, Mitsui, BP and Total.
The companies have signed a framework agreement at ADIPEC 2018.
ADNOC will provide strategic advice in relation to the Uzbekistan company’s upstream and downstream operations.
Agreement explores potential collaboration as the energy producers seek to boost revenues from natural gas and LNG business segments.
Business plan to increase oil production capacity to 4 million bpd at the end of 2020.
The US$4.61 billion sourced for the project represents the largest project financing in the Sultanate of Oman.
