Industry
Gulf Petrochem buys Shell’s bitumen plant in India
UAE-based Gulf Petrochem has acquired a bitumen plant, located in Indian state of Gujarat, from Shell
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Oxy to sell Dolphin Energy stake to Mubadala Development Company
US-based Occidental Petroleum Corporation (Oxy) is in talks to sell one-fifth of its 24.5 per cent stake in Dolphin Energy to Mubadala Development Company
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Egypt to buy majority oil product imports from UAE
Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product imports from the UAE’s ADNOC for a year
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Oman Oil Company signs US$1.85 billion revolving credit facility
Oman’s energy investment firm Oman Oil Company (OOC) has signed a revolving credit facility (RCF) agreement worth US$1.85bn with 16 local, regional and international banks
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UAE to ship petroleum products worth US$9 billion to Egypt
The UAE will provide about US$9bn worth of petroleum products to Egypt over the next year, according to Egyptian Oil Ministry
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