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Oman Oil Musandam IPP to replace diesel powergen The wholly state-owned Oman Oil Company (Oman Oil or OOC) and its partner LG International Corporation  (LG) from South Korea made the final investment decision for their joint venture Musandam Power Company (MPC) independent power plant (IPP) to be built at Tibat-Wilayat Bukha in the Musandam Governorate […]

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Shell – Estonian Eesti Energia – Karak International Oil to explore and develop Jordan oil shale resources The Jordan Oil Shale Company (JOSCO), a wholly owned Shell subsidiary, the Estonia company Eesti Energia (Enefit) and Karak International Oil (Karak) from the UK–based Jordan Energy and Mining Ltd, are now moving from the exploration phases of […]

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Saudi Arabia to work on Red Sea LNG Terminal Project The national oil company Saudi Aramco is considering again to build liquefied natural gas (LNG) import terminal on the Red Sea. In the previous years, the Kingdom of Saudi Arabia has already pushed and shelved this Red Sea LNG import terminal project. This stop-and-go attitude […]

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Sabic to expand petrochemical capacities in USA The Ryadh-based Saudi Basic Industries Corporation (Sabic), may join BASF, ChevronPhillips, Dow Chemical (Dow), Enterprise Products Partners (Enterprise), ExxonMobil, Evonik, Occidental Petroleum, Sasol, Shell, to increase its petrochemical foot print in USA to benefit from the low costs feedstock provided by the shale gas. Speaking at the Gulf […]

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