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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Eni, OMV to Pay $5.8 Billion for Abu Dhabi Refining Stakes

Eni SpA and Austrian oil and gas producer OMV AG agreed to pay about $5.8 billion for a combined 35 percent stake in the...
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Saudi Aramco Refinery JV Said to Hire SMBC to Advise on...

Satorp, the joint venture between Saudi Aramco and Total SA, hired Sumitomo Mitsui Banking Corp. and Riyad Bank to help raise funds to develop...
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Saudi Arabia to set up $10B oil refinery in Pakistan

Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said on Saturday,...
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Aramco to Probably Sell $10 Billion Bond to Buy Sabic Stake

Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp., according...
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Noor Abu Dubai, world’s largest solar power plant begins operations

The Dhs3.2bn project is expected to generate 1,177 MW of energy. Abu Dhabi’s Department of Energy has begun operations at the world’s largest independent solar power...
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Oman sees a rise in Standard Grade Petrol Production by 41%

The production of standard grade petrol (M-91) by Omani refineries has increased by 41% to touch 13.41 million barrels till the end of November...
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Apicorp commits $100mn to finance Duqm Refinery

Oman's Duqm Refinery has received an investment of $100m from Apicorp. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, has announced a $100 million-investment...
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Saudi Arabia Makes Rare, Bullish Call on Oil in Its 2019...

Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the...
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Qatar Petroleum Buys Oil Stakes From Eni

Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal...
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How Machine Learning and AI Industry initiatives are shaping the oil...

Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of supply and demand. Oil and...
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