Oil Review Middle East weekly digest - 7th - 11th May 2017

public domain commons for ORME 307Here is a brief overview of the week's new on Oil Review Middle East, from 7th - 11th May 2017

Faccin S.p.A: the trusted partner in metal forming 

For over 50 years, Faccin SpA has been the trusted partner by thousands of manufacturers around the world to achieve their most challenging fabrication needs. Click to read the full story.  

Petrofac secures US$70mn of new contracts in Iraq 

Petrofac has secured a series of contract awards worth more than US$70 mn for engineering, operations and maintenance services in Iraq. Click to read the full story. 

PDO increases local company support with two new contracts 

Petroleum Development Oman (PDO) has awarded two key contracts valued at around RO 300 mn to Omani businesses for work in the north of its operations in the Sultanate. Click to read the full story

Global oil discoveries and new projects fell to historic lows in 2016

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could into and through 2017. Click to read the full story. 

Honeywell UOP signs agreement to provide technology and equipment for Jordanian refinery expansion 

Expansion of Zarqa Refinery will increase production of cleaner-burning fuels. Click to read the full story. 

Air Liquide Arabia starts up the Middle East’s first hydrogen pipeline network in KSA 

Air Liquide Arabia (ALAR) have announced on 9 May, the startup of the Middle East’s first hydrogen pipeline network in Jubail, on the east coast of Saudi Arabia. Click to read the full story. 

SNC-Lavalin wins engineering and management services contract for separation plant in Saudi Arabia 

SNC-Lavalin has announced that it was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Programme. Click to read the full story. 

Iraq calls for bids for new oil refinery 

Iraq’s Oil Ministry has asked foreign companies and investors to bid for a project to build and operate a 300,000 bpd export-oriented refinery in Fao near Basra. Click to read the full story. 

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