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Oil - Downstream

Middle East downstream oil sector news and analysis, tenders, contracts awarded, commentary and economic data.

New projects

Biofuels

High interest in Fujairah biofuels Subscription

27 May 2015 | By

Banks surveyed on financing project

Project bids

Galfar awarded Duqm refinery site preparation work

Duqm refinery services corridor tendered Subscription

30 August 2015 | By

Project will allow Duqm Refinery to lay pipes connecting to Port of Duqm

Kuwait Oil Company awards $465m in rig contracts

Kuwait to tender sulphur handling project Subscription

13 August 2015 | By

Facility will be located at Mina al-Ahmadi refinery

Design for Oman Liwa Plastics project complete

Oman receives bids for $3.6bn plastics complex Subscription

12 August 2015 | By

State-owned operator says the response from contractors has been positive

Tank farm

Kuwait prepares to tender Matlaa depot Subscription

30 July 2015 | By

Design is being finalised

Kuwait to proceed with Al-Zour refinery

Kuwait to proceed with Al-Zour refinery Subscription

21 July 2015 | By

CEO of Kuwait National Petroleum Company speaks out on downstream megaproject

Al-Zour refinery project faces another delay

Low-bid for Al-Zour retender higher than original Subscription

9 July 2015 | By

Result may trigger more delays in Kuwait

More contractors invited to bid for $800m Al-Zour pipeline

More contractors invited to bid for Al-Zour pipeline Subscription

22 June 2015 | By

Kuwait Oil Company rules out three contractors, according to sources

Dodsal may not bid on Al-Zour $800m refinery pipeline retender

Dodsal may not bid on Al-Zour $800m pipeline retender Subscription

18 June 2015 | By

Source says UAE-based company may concentrate on awarded projects in Kuwait

Projects awards

Final Al-Zour refinery package awarded in Kuwait

Final Al-Zour refinery package awarded Subscription

13 August 2015 | By

Kuwait National Petroleum Company says the contract is worth $1.57bn

More contractors invited to bid for $800m Al-Zour pipeline

Kuwait awards Al-Zour refinery contracts Subscription

28 July 2015 | By

The winners of packages one, two, three and five are announced

MAN Diesel wins refinery maintenance contract in Oman

MAN Diesel wins refinery maintenance contract in Oman Subscription

21 June 2015 | By

German group awarded deal at sultanate’s largest oil refinery

French firm to provide technology for Egypt hydrocracker

French firm to provide technology for Egypt hydrocracker Subscription

18 June 2015 | By

Naphtha hydrotreater and continuous catalytic reformer will be suppied under new agreement

Oil storage

Audex awarded $231m of work on Fujairah oil storage Subscription

21 May 2015 | By

Singapore group to build oil storage terminals for two companies at UAE port

Power station

Indian company wins Kuwait substation contract Subscription

20 May 2015 | By

New facility will supply the Mina al-Ahmadi refinery

Pipeline projects

Tebodin picks up three Abu Dhabi oil project contracts Subscription

17 May 2015 | By

Dutch group to study replacement of piping systems on Das Island

Oil pipeline

Tebodin overseeing Muscat-Sohar pipeline Subscription

14 May 2015 | By

Dutch group appointed project management consultant for Oman infrastructure scheme

Financing

With the US Congress and Senate returning for their autumn sessions in September, the business community is hopeful that a renewal of Exim Bank’s authorisation can be passed

US Exim Bank shutdown affects Middle East projects Subscription

26 August 2015 | By

Paralysis at export credit agency will damage US more than Middle East

Refinery

Egypt appoints loan advisers for refinery expansion Subscription

26 August 2015 | By

Project will need $1.4bn in finance

Oman seeks interest in Duqm acetic acid plant

Governments turn to private sector for project funding Subscription

9 July 2015 | By

Sustained lower oil prices could push governments towards alternative lending models

Saudi Aramco still evaluating Jizan gas supply contract

Acwa secures Islamic finance for Jizan plant Subscription

2 July 2015 | By

First industrial gases projects to use solely Islamic finance

The Clean Fuels Project will upgrade and expand Kuwait’s Mina al-Ahmadi and Mina Abdullah refineries

Clean Fuels Project to close financing by early 2016 Subscription

1 July 2015 | By

Kuwait National Petroleum Company seeking $9.9bn of debt

Refinery

Satorp secures $533m of refinancing Subscription

11 June 2015 | By

Refinery company reduces financing costs

Refinery

Orpic secures loan Subscription

19 May 2015 | By

Omani refining company says funds will be used to support growth

Refinery

State oil company requests bigger budget for Al-Zour Subscription

15 April 2015 | By

Kuwait National Petroleum Company seeks permission to spend an extra $2.88bn

Oil - downstream market news

Refinery

Dubai invites companies to bid for refinery expansion Subscription

27 August 2015 | By

Emirates National Oil Company to add capacity to Jebel Ali facility

With the US Congress and Senate returning for their autumn sessions in September, the business community is hopeful that a renewal of Exim Bank’s authorisation can be passed

US Exim Bank shutdown affects Middle East projects Subscription

26 August 2015 | By

Paralysis at export credit agency will damage US more than Middle East

Refinery

Egypt appoints loan advisers for refinery expansion Subscription

26 August 2015 | By

Project will need $1.4bn in finance

Sabic forms joint venture for chemicals production

Sabic profits continue falls Subscription

27 July 2015 | By

Petrochemicals giant investing in US shale gas

Middle East’s biggest energy subsidiser named

Middle East’s biggest energy subsidiser named Subscription

20 July 2015 | By

IMF publishes data on government spending on oil and gas

Oil production

Oil prices tumble on Iran deal Subscription

14 July 2015 | By

Market anticipates surge in exports from major Middle East producer

Technip wins Abu Dhabi offshore project management deal

Technip announces restructuring plan Subscription

7 July 2015 | By

French contractor targets $914m in savings amid lower oil prices

Saudi Aramco still evaluating Jizan gas supply contract

Acwa secures Islamic finance for Jizan plant Subscription

2 July 2015 | By

First industrial gases projects to use solely Islamic finance

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Oil - downstream trends

Value of projects planned or under way, 24 July 2015

Saudi Arabia and Iran drive index growth Subscription

28 July 2015

Iran’s projects market begins long climb after striking nuclear deal

Oman seeks interest in Duqm acetic acid plant

Governments turn to private sector for project funding Subscription

9 July 2015 | By

Sustained lower oil prices could push governments towards alternative lending models

An oil refinery in the Panhandle of Texas

US replaces Saudi Arabia as the world’s biggest oil producer Subscription

29 June 2015 | By

The US records the world’s largest increase in oil production over 2014

Dispute increases uncertainty in Kuwait’s project market

Dispute increases uncertainty in Kuwait’s project market Subscription

29 June 2015 | By

Kuwait Petroleum Corporation row could cause widespread disruption in the energy sector

The main casualty in Saudi Arabia will be large-scale downstream projects such as petrochemicals facilities and new oil refineries

Saudi defence spending rises while oil income drops Subscription

17 June 2015 | By

Even though low oil prices mean Riyadh will earn less hydrocarbons revenue, the authorities are still focused on increasing defence investment and maintaining social spending

Saudi Arabia’s Oil Minister Ali al-Naimi

No change expected as Opec convenes in Vienna Subscription

2 June 2015 | By

World’s three biggest oil producers close to record highs in May ahead of cartel decision

Saudi Aramco's Khurais oil field in Saudi Arabia

Five myths about Saudi Aramco Subscription

27 May 2015 | By

Debunking some of the recent rumours and claims about the world’s largest oil company

Refinery

Jizan enters next phase Subscription

23 April 2015 | By

Construction of refinery and power plant will offer up some serious challenges for Saudi Aramco

Filter all oil - downstream analysis by country

MEED commentary

Wil Crisp

Kuwait takes action on Al-Zour Subscription

16 July 2015 | By

Budget decision increases confidence in the Kuwaiti oil sector

Wil Crisp

Kuwait’s Al-Zour tactics backfire Subscription

9 July 2015 | By

Retendering package four proves to be a costly mistake

Wil Crisp

Value of Kuwaiti contract awards in danger of collapsing Subscription

23 June 2015 | By

Dispute over oil company board members could return Kuwait to the era of inaction

Wil Crisp

No decision on Al-Zour six months after first bid Subscription

17 June 2015 | By

Uncertainty on Kuwait projects increases contractor anxiety

Mark Watts

Baghdad-Erbil stalemate continues Subscription

16 June 2015 | By

Dispute over budgetary payments threatens Kurdish oil ambitions

Kevin Baxter

Aramco’s eye turns back to downstream Subscription

9 June 2015 | By

But it is probably not the start of capital spending in downstream schemes

South Korean firms now have experience on some of the largest hydrocarbons projects that have ever been built

South Koreans will be back Subscription

12 May 2015 | By

The Asian contractors will return when the region’s oil and gas projects market picks up

Iraq’s refining sector receives boost

Iraq’s refining sector receives boost Subscription

28 April 2015 | By

Basra refinery progress to help increase gasoline production

See all MEED commentary

Special reports

Refinery

Oil & Gas: Times are changing for the region’s refiners Subscription

16 February 2015

Refining companies may have to rethink their refining investment strategies to overcome the uncertainty of low oil prices

See all oil - downstream special reports

Data

Top 100 Projects, Q4 2014 Subscription

4 February 2015 | By

The largest projects in the Middle East, listed by value

Companies

Nargan Engineers & Constructors logo

Nargan Engineers & Constructors Subscription

The Iranian engineering, construction and procurement contractor works in the oil, gas and petrochemicals sectors

UOP Honeywell logo

UOP Subscription

Honeywell’s UOP is an international supplier of technology in the oil refining, gas processing and petrochemical production industries

See all oil - downstream company profiles

People

Mohammad Ghazi al-Mutairi Subscription

22 January 2015

Mohammad Ghazi al-Mutairi is CEO, Kuwait National Petroleum Company

Abdulrahman al-Wuhaib Subscription

9 March 2014

Abdulrahman al-Wuhaib is senior vice-president downstream, Saudi Aramco

Abdulrahman F. Al-Wuhaib

Abdulrahman F. al-Wuhaib

20 February 2014

Abdulrahman F. Al-Wuhaib

Takashi Kawamura Subscription

3 January 2013

Takashi Kawamura is chief executive officer of Hitachi Plant Technologies

Khaled Abu Nasrah Subscription

3 January 2013

Khaled Abu Nasrah is president, Middle East, at KBR

Marwan Chedid Subscription

3 January 2013

Marwan Chedid is chief executive officer (CEO) for engineering, construction, operations and maintenance at Petrofac

See all oil - downstream biographies


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Research reports

Oil & Gas

MENA Oil & Gas Market Report 2015

A comprehensive overview of the $700bn-plus MENA upstream oil and gas, downstream refining and petrochemical sectors

See all research reports

Latest oil price

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