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

Orpic completes transaction of $3.8 bln for Liwa Plastic Industries...

Following Orpic’s December 2015 announcement of the successful award of engineering, procurement and construction (EPC) contracts to deliver its landmark Liwa Plastics Industries Project (LPIC), Orpic has closed LPIC’s USD 3.8 billion project financing facility for its USD 6.5 billion project.
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Orpic’s Muscat-Sohar pipeline to open on March 21

Oman Oil Refineries and Petroleum Industries Company (Orpic) will officially inaugurate one of its strategic growth projects, the Muscat Suhar Product Pipeline (MSPP) and...
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UAE stresses importance of renewable energy as part of the global...

The United Arab Emirates (UAE) joined more than 150 countries at the sixth session of the International Renewable Energy Agency (IRENA) Assembly to review...
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Shell completes SADAF chemicals sale in Saudi Arabia to SABIC for...

Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi...
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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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OOCEP – Drawing on Oman’s robust experience to contribute to future...

The activities of Oman Oil Company Exploration and Production LLC (OOCEP) combine the management of investments in non-operated upstream assets in Oman and abroad,...
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Oman’s crude oil production up 3 per cent in November

Oman’s crude oil production rose 3.05 per cent or by 995,708 barrels per day to 29.87 million barrels in November.
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Oil demand in Middle East projected to grow

Crude oil futures prices extended their gains in March, with both ICE Brent and NYMEX WTI up $2.60 and $3.19 m-o-m, respectively, to their...
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Aramco Pumping Stations Targeted in Drone Attack

(Bloomberg) -- Saudi Arabia said Tuesday that unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend...
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Refined products: why 2016 belongs to the little guys

Amrik Sembi, Head of Liquid and Bulk Commodities at OpenLink shares his views.Everyone loves rooting for the underdog, so those with an eye on the...
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