Regional News
December 2018

Saudi Aramco aims to bring its downstream business to the same prominence as its upstream, as the company undergoes substantial expansions in refining, marketing and lubes, said its president and CEO Amin H Nasser.






December 2018

His Majesty King Hamad opened the new 350,000-bpd (barrel per day) AB-4 pipeline between Bahrain and Saudi Arabia that will replace the existing 230,000 bpd link, reported state news agency BNA. The project was launched during an event held at Shaikh Isa Air Base to celebrate over 70 years of energy co-operation between the two kingdoms.






December 2018

Saudi Aramco, the kingdom’s oil giant, has signed 31 commercial collaborations with a total value of $27.5 billion with suppliers at the annual In Kingdom Total Value Add (IKTVA) Forum in Dhahran.






December 2018

Saudi Aramco honoured four local vendors for delivering quality goods, during a ceremony held in conjunction with the 2018 Saudi Aramco Quality Forum, organised under the theme “Toward Quality Excellence.






December 2018

Aubin, the chemical solutions provider to the energy industry, has established a manufacturing capability in Saudi Arabia to enhance product delivery and support to the local and international oil and gas markets. The move provides Aubin with both liquid and powder blending manufacturing capabilities in the kingdom for the first time.






December 2018

APM Terminals Bahrain, the exclusive operator of Bahrain’s Khalifa Bin Salman Port (KBSP), said its BD11.880 million ($31.58 million) IPO was met with strong demand from local and regional institutions and retail investors. The demand resulted in an oversubscribed offer with funded applications totalling 6.






December 2018

Bahrain Economic Development Board (EDB) has signed eight landmark agreements with Chinese city of Shenzhen in the areas of technology and transportation. The move is aimed at deepening mutual economic ties and also explore opportunities for further growth.






December 2018

Leading chemicals company Oxea, a wholly-owned subsidiary of Oman Oil Company (OOC), is set to make significant investments in a major petrochemicals complex planned downstream of the Duqm Refinery project in the sultanate, said a report.






December 2018

The new brand identity of the Public Establishment for Industrial Estates (PEIE) was unveiled at its silver jubilee celebration, last month, in Oman. The brandmark of the Public Establishment for Industrial Estates is now known as Madayn.






December 2018

Senaat, one of the largest industrial investment holding companies in the UAE, has successfully issued Dh1.1 billion ($300 million) sukuk through a fixed rate senior unsecured US dollar denominated RegS sukuk with a seven-year tenor. The issue follows a series of investor meetings which took place in Europe and Asia, as well as in the UAE.






December 2018

Damen Shipyards Group has handed over four new Fast Crew Suppliers (FCS) 2610 to Allianz Middle East Ship Management. The handover was attended by Ahmed T Khalil, general manager of Allianz; Menno Kuyt, managing director Maritime Craft Services (MCS); and Pascal Slingerland, Damen regional sales director, said a statement from the company.






December 2018

TechnipFMC, global leader in subsea, onshore/offshore, and surface projects, has broken ground on its new state-of-the-art manufacturing, aftermarket and training facility in Dhahran in the Eastern Province of Saudi Arabia.






December 2018

Kuehne + Nagel UAE, one of the pioneering international logistics companies which established a regional hub in Dubai South in 2006, has opened its new warehouse extension in the Logistics District.






December 2018

Oman-based Hutchison Ports Sohar has signed a deal with Shanghai Zhenhua Heavy Industry Co (ZPMC), a leading Chinese heavy-duty equipment manufacturer, for the supply and installation of a two new remote-controlled super post-Panamax quay cranes at its Container Terminal C at Sohar Port, said a report.






December 2018

Saudi Arabia’s steel manufacturers and the government must work together to ensure the competitiveness of this strategically important sector of the economy, a key steel industry body has said.






December 2018

Abu Dhabi agrees fee waiver THE Abu Dhabi Executive Council has approved a resolution to exempt all new economic licences issued in the Emirate from all local fees for two years, effective from the date of issue, a media report said.






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