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Gulf of Suez Petroleum Company (GUPCO), the joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and the UAE’s Dragon Oil, has raised its crude oil production to 71,250 barrels per day (bbl/d), marking the company’s highest output level since July 2019. This reflects the positive impact of the Ministry of Petroleum and Mineral Resources (MoPMR)’s success in settling investment partners’ dues, which has helped restore production levels as part of its strategy to support domestic output through intensified drilling, exploration, and field development activities, the ministry said in a statement. The accelerated development of the North Safa offshore…
The broad scope of work on the Adnoc Gas project involves the EPC of a major gas processing plant that will handle about 1.85 billion cubic feet a day of additional raw gas from Abu Dhabi’s Bab field development Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
A consortium comprising Petroleum Projects and Technical Consultations Company (PETROJET) and The Engineering for the Petroleum and Process Industries Company (ENPPI) has secured a long-term Engineering, Procurement, and Construction (EPC) Framework Agreement with Petroleum Development Oman (PDO), the country’s largest oil and gas exploration and production company. The six-year agreement positions the PETROJECT–ENPPI consortium as one of four international consortia and contractors qualified to compete for project execution through competitive tenders within a project portfolio valued at over $6 billion. This achievement aligns with the Ministry of Petroleum and Mineral Resources strategy to open the door for local oil and gas…
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PDO will invite contractors holding EPC framework agreements to participate in tenders for up to eight projects under the arrangement, with a combined value of up to $6bn Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
Heads of State of the Economic Community of West African States (ECOWAS) have signed the Intergovernmental Agreement (IGA) for the African Atlantic Gas Pipeline (AAGP), marking a major milestone in advancing one of Africa’s largest cross-border energy infrastructure projects. An intergovernmental agreement is a legally binding framework between participating countries that establishes the governance, legal, regulatory, and institutional arrangements required to develop and implement a multinational project. The AAGP is designed to transport natural gas from Nigeria to Morocco through 13 Atlantic coastal countries, with interconnections to landlocked Sahel states. The pipeline will also connect to the Maghreb–Europe Gas Pipeline,…
Saudi Arabia’s petrochemicals sector suffered significant disruption last quarter as a result of the Middle East conflict. The closure of the Strait of Hormuz created substantial logistical headwinds, with the kingdom’s array of companies having to reduce operations and find alternative routes to market (MALE, 3 April). Iranian attacks also caused temporary feedstock disruptions, and Advanced Petrochemical announced this week that its Jubail facilities suffered from a lack of propane availability last quarter. In Tadawul filings this week, Advanced reported a $28mn loss in Q2, its first loss since the final quarter of 2024 (MEES, 28 March 2025). It cites…
Iraq’s State Oil Marketing Organization (SOMO) seeks to purchase gasoil cargoes for delivery in August and September through a spot tender, Reuters reported. The state-owned company is seeking to purchase 127,500 tons (949,875 barrels) of gasoil with a sulfur content of 2,500 parts per million, with the first cargo of 40,000 tons scheduled to be loaded by August 1. The deadline for submitting bids in the tender is July 22, with offers to remain valid for 20 days. Two trading sources said that SOMO sought in January to sell volumes of gasoil with a sulfur content of 1,000 parts per…
The fifth expansion phase of Saudi Aramco’s Jafurah unconventional gas development mainly involves the EPC of three gas compression plants, each with a capacity of 200 million cf/d Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link