News
  • Register

November 28, 2017 - Contax Partners’ Energy Feed

UAE's SPC approves ADNOC's c.USD 109bn Strategic Program | Iraq invites foreign bids for 9 Oil & Gas blocks | Aramco signs MoU with SABIC for Oils-to-Chemicals Complex 

UAE's SPC approves ADNOC's c.USD 109bn Strategic Program

TR, Saipem, Samsung E&C well positionedAbu Dhabi's Supreme Petroleum Council (SPC) has approved ADNOC's strategic investments program and future opportunities which are aimed at maximizing value, ensuring growth in upstream & downstream businesses and strengthening market access. The SPC has approved ADNOC's plans for capital expenditure of over DH 400bn (c.USD 109bn) over the next five years, which includes expansion and growth of its upstream and downstream projects. Furthermore, the SPC has approved ADNOC's plans to explore Abu Dhabi's unconventional gas resources and has given the green light to pursue international downstream investments.

 

Iraq invites foreign bids for 9 Oil & Gas blocks

Aramco sees progress on oil-to-chemicalWith an aim to boost its energy output capacity by developing new reserves, Iraqi's Oil Minister, Jaber Al Luaibi, invited foreign companies to bid for contracts to explore & develop oil and natural gas in nine of its new blocks. At a conference in Baghdad, he stated, "We invite all international companies to participate. This new exploration bidding round aims to maximize reserves.” Of the 9 blocks, 5 blocks are located at the border areas with Iran, 3 with Kuwait and 1 is offshore in the Gulf waters.

 

Aramco signs MoU with SABIC for Oils-to-Chemicals Complex

Aramco sees progress on oil-to-chemicalSaudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil-to-chemicals complex in Saudi Arabia, which governs the execution of the FEED before a final investment decision is made. The oil-to-chemical complex, which is expected to start operations in 2025, is expected to process 400,000 barrels per day of crude oil; this will produce approximately 9 million tons of chemicals and base oils annually.

 

 

LET US HELP YOU SUCCEED IN THE ENERGY MARKET!

 

Contax Partners assists project owners, contractors and suppliers to maximize opportunities associated with these projects, guide them on the underlying risks related to execution and the effects of increasing project workload.

Request for more information
OUR LOCATIONS

Bahrain

Office 241, 19th Floor

Platinum Tower- Seef

 P.O. Box 31005, Manama

Bahrain

Tel: +973 (1) 7224456

Fax: +973 (1) 7212204

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.  

Dubai

Office 3106, Jumeirah Business Centre 3

Cluster Y, Jumeirah Lakes Towers

P.O. Box 643554, Dubai

United Arab Emirates

Tel: +971 (4) 3695520

Fax: +971 (4) 3695521

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Abu Dhabi

Office No. 5/Unit-3A, 2nd Floor

Sh. Saeed Al Nahyan Building,

Al Falah Street, Location No. C-48-E18_02

P.O. Box 2503, Abu Dhabi

United Arab Emirates

Tel: +971 (2) 6222966

Fax: +971 (2) 6222977

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Since our establishment in 1985, Contax Partners has been the advisor of choice for companies operating within the constantly evolving Middle East and Africa energy sector. Having operated in the energy market for over 30 years, we have a track record of empowering our clients to win business. Contax Partners is well placed to understand the challenges, and what impact these can have on your growth plans for the Middle East and Africa. 

UAE Oil and Gas Consulting Firm Company Download Brochure