Petrochemicals set to be the largest driver of global oil demand: IEA

PlasticsPetrochemicals will surpass cars, trucks and aviation in future oil demand growth, according to a study by the International Energy Agency (IEA)

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ADNOC LNG awards US$860mn EPC contract for Phase 2 of IGD-E project

ADNOC LNG 27ADNOC LNG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed an engineering, procurement and construction (EPC) contract for the second phase of the integrated gas development expansion (IGD-E) project with a consortium of Spain's Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company

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Oman and Iran to drive growth for oil storage industry in the Middle East to 2022, says GlobalData

oil storage 25Oman and Iran will drive the majority of the growth in the oil storage industry in the Middle East between 2018 and 2022, contributing more oil storage capacity than any other country in the region, according to leading data and analytics company GlobalData

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Brent crude to end 2018 above US$75/barrel: GIQ Survey

AdobeStock 77520811Brent crude oil will end 2018 above US$75 a barrel, the highest year-end price in four years, according to 59 per cent of 200 energy industry executives polled by the GIQ

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OPEC secretary-general inaugurates BPGIC storage terminal in Fujairah

barkandi 20 1Mohammed Barkindo, secretary-general of OPEC, has inaugurated Brooge Petroleum and Gas Investment Company’s (BPGIC) Phase II storage terminal in the emirate of Fujairah

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