news & envent
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1. ADNOC's Significant Investment in U.S. Gas Sector
ADNOC (Abu Dhabi National Oil Company) has taken significant steps to expand its global presence by announcing a substantial investment in the U.S. natural gas sector. During the CERAWeek conference in Houston, ADNOC’s CEO, Sultan Al Jaber, revealed that the company is entering the U.S. gas market through its subsidiary, XRG. The investment will span the entire natural gas supply chain, from exploration to distribution. This investment underscores ADNOC’s strategy to diversify its portfolio and increase its role in global energy markets, positioning the company for long-term growth in the natural gas industry.
Source: Reuters
2. Vopak Horizon Fujairah Completes First Bio-Bunker Fuel Supply
Vopak Horizon Fujairah, a joint-venture terminal based in Fujairah, UAE, has successfully supplied bio-bunker fuel to a vessel. This milestone marks the first supply of bio-based bunker fuel in the UAE. As part of the global push to reduce carbon emissions, this initiative is seen as an important step in promoting cleaner, more sustainable fuels within the shipping industry. Vopak’s successful supply of bio-bunker fuel highlights the growing trend towards more sustainable alternatives in marine fuel.
Source: Reuters
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1. ADNOC's Significant Investment in U.S. Gas Sector
ADNOC (Abu Dhabi National Oil Company) has taken significant steps to expand its global presence by announcing a substantial investment in the U.S. natural gas sector. During the CERAWeek conference in Houston, ADNOC’s CEO, Sultan Al Jaber, revealed that the company is entering the U.S. gas market through its subsidiary, XRG. The investment will span the entire natural gas supply chain, from exploration to distribution. This investment underscores ADNOC’s strategy to diversify its portfolio and increase its role in global energy markets, positioning the company for long-term growth in the natural gas industry.
Source: Reuters
2. Vopak Horizon Fujairah Completes First Bio-Bunker Fuel Supply
Vopak Horizon Fujairah, a joint-venture terminal based in Fujairah, UAE, has successfully supplied bio-bunker fuel to a vessel. This milestone marks the first supply of bio-based bunker fuel in the UAE. As part of the global push to reduce carbon emissions, this initiative is seen as an important step in promoting cleaner, more sustainable fuels within the shipping industry. Vopak’s successful supply of bio-bunker fuel highlights the growing trend towards more sustainable alternatives in marine fuel.
Source: Reuters
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3. ADNOC and OMV Merge Petrochemical Assets
ADNOC and Austrian-based OMV have agreed to merge their petrochemical assets in a landmark deal that formed Borouge Group International. The merger, valued at $60 billion, creates the fourth-largest polyolefins producer in the world. This consolidation strengthens ADNOC’s position in the global petrochemical market and reflects its strategy to further integrate its downstream business. The new entity will be responsible for producing a variety of petrochemical products, including polyethylene and polypropylene, serving industries ranging from packaging to automotive manufacturing.
Source: Financial Times
3. ADNOC and OMV Merge Petrochemical Assets
ADNOC and Austrian-based OMV have agreed to merge their petrochemical assets in a landmark deal that formed Borouge Group International. The merger, valued at $60 billion, creates the fourth-largest polyolefins producer in the world. This consolidation strengthens ADNOC’s position in the global petrochemical market and reflects its strategy to further integrate its downstream business. The new entity will be responsible for producing a variety of petrochemical products, including polyethylene and polypropylene, serving industries ranging from packaging to automotive manufacturing.
Source: Financial Times
4. OQ Explores Green Hydrogen and Ammonia Production in Oman
OQ, in collaboration with Marubeni Corporation, Linde, and Dutco, is embarking on an ambitious green hydrogen and ammonia production project in Salalah, Oman. The project aims to produce green hydrogen, a key element in the transition to renewable energy, and ammonia, which is a vital component for fertilizers. With significant potential for sustainable energy, this project is part of Oman’s broader efforts to position itself as a global leader in renewable energy. OQ is set to explore opportunities for international partnerships and large-scale investments in the coming years.
Source: Wikipedia
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4. OQ Explores Green Hydrogen and Ammonia Production in Oman
OQ, in collaboration with Marubeni Corporation, Linde, and Dutco, is embarking on an ambitious green hydrogen and ammonia production project in Salalah, Oman. The project aims to produce green hydrogen, a key element in the transition to renewable energy, and ammonia, which is a vital component for fertilizers. With significant potential for sustainable energy, this project is part of Oman’s broader efforts to position itself as a global leader in renewable energy. OQ is set to explore opportunities for international partnerships and large-scale investments in the coming years.
Source: Wikipedia
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5. Liwa Plastics Industries Complex Inaugurated in Sohar
OQ has inaugurated the Liwa Plastics Industries Complex in Sohar, Oman. The complex will produce polyethylene, with an annual capacity of 880,000 tonnes, thus enhancing Oman’s position in the global petrochemical market. The new facility aims to boost Oman’s downstream industries and is expected to create significant job opportunities in the region. The complex represents a crucial part of OQ’s strategy to diversify its revenue streams and expand its petrochemical output.
Source: Wikipedia
5. Liwa Plastics Industries Complex Inaugurated in Sohar
OQ has inaugurated the Liwa Plastics Industries Complex in Sohar, Oman. The complex will produce polyethylene, with an annual capacity of 880,000 tonnes, thus enhancing Oman’s position in the global petrochemical market. The new facility aims to boost Oman’s downstream industries and is expected to create significant job opportunities in the region. The complex represents a crucial part of OQ’s strategy to diversify its revenue streams and expand its petrochemical output.
Source: Wikipedia
6. SABIC and OQ Explore Duqm Petrochemical Project
Saudi Basic Industries Corp (SABIC) and Oman’s OQ have entered into a strategic partnership to explore the development of a large-scale petrochemical complex in Duqm, Oman. The project is aimed at producing high-quality petrochemical products and will significantly boost Oman’s petrochemical industry. With SABIC’s extensive experience and OQ’s local expertise, the partnership is expected to bring substantial investments into Oman’s industrial sector.
Source: Wikipedia
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6. SABIC and OQ Explore Duqm Petrochemical Project
Saudi Basic Industries Corp (SABIC) and Oman’s OQ have entered into a strategic partnership to explore the development of a large-scale petrochemical complex in Duqm, Oman. The project is aimed at producing high-quality petrochemical products and will significantly boost Oman’s petrochemical industry. With SABIC’s extensive experience and OQ’s local expertise, the partnership is expected to bring substantial investments into Oman’s industrial sector.
Source: Wikipedia
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7. Shell and Partners Develop Gas from Oman's Saih Rawl Field
Shell, along with its partners, has successfully initiated natural gas production from the Saih Rawl field in Oman. This project is part of Oman’s efforts to increase its natural gas production to meet the growing energy needs of both domestic and international markets. Shell, OQ, and other partners are continuing to invest in the development of the field, ensuring a stable and reliable gas supply for the region’s energy infrastructure.
Source: Wikipedia
7. Shell and Partners Develop Gas from Oman's Saih Rawl Field
Shell, along with its partners, has successfully initiated natural gas production from the Saih Rawl field in Oman. This project is part of Oman’s efforts to increase its natural gas production to meet the growing energy needs of both domestic and international markets. Shell, OQ, and other partners are continuing to invest in the development of the field, ensuring a stable and reliable gas supply for the region’s energy infrastructure.
Source: Wikipedia
8. OQ and TotalEnergies Establish LNG Company
OQ and TotalEnergies have partnered to create Marsa LNG, an integrated energy company focused on liquefied natural gas (LNG) production. The project, located in Oman’s Block 10, is poised to produce LNG, starting in 2025, and will contribute significantly to Oman’s energy diversification efforts. This partnership underscores Oman’s continued investment in LNG production as a way to meet global demand for cleaner, reliable energy sources.
Source: Wikipedia
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8. OQ and TotalEnergies Establish LNG Company
OQ and TotalEnergies have partnered to create Marsa LNG, an integrated energy company focused on liquefied natural gas (LNG) production. The project, located in Oman’s Block 10, is poised to produce LNG, starting in 2025, and will contribute significantly to Oman’s energy diversification efforts. This partnership underscores Oman’s continued investment in LNG production as a way to meet global demand for cleaner, reliable energy sources.
Source: Wikipedia
