International oil majors have been exiting investments in Russia following the country’s invasion of Ukraine
Total
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ADNOC
Tristar sets price range for second Dubai IPO in three years
The logistics firm could raise as much as AED777 million from its secondary and primary offerings
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Energy
Iraq discussing $7 billion energy deal with Total, minister says
The relationship with Total will be based on targeting low-carbon industry and capturing all flaring gas
AXA Insurance
French giant AXA inks deal to build regional HQ in Bahrain
French insurance major among several firms to sign deals worth more than $500m with Bahrain
ADNOC Distribution
Aramco, Total to invest $1bn in Saudi fuel retail network
Joint venture plans to invest heavily over the next six years in the Saudi fuel retail market
Ahmed Linjawi
Demand growing for homes at Saudi Arabia’s KAEC, says CEO
Companies including Pfizer, Total and IKEA have established themselves in King Abdullah Economic City
Amin Nasser
Saudi Aramco refinery JV said to hire adviser on funding
Sources say financing for the $5bn Amiral project is expected to be arranged from banks and export credit agencies
ACWA Power
Oman mulls three bids for first large-scale solar project
Oman Power and Water Procurement company says three international consortia are vying to build 500MW solar project
Abu Dhabi
Abu Dhabi’s Adnoc awards Total 40% stake in gas concession
Total project will help Adnoc reach its target of 1 billion cubic feet a day of unconventional gas output by 2030
Amin Nasser
Aramco, Total ink deal for giant $9bn Saudi petchems complex
Saudi Aramco and Total sign joint development agreement for a massive petrochemical complex in Jubail
Aramco
Aramco, Total said to eye Saudi fuel stations such as Tas’helat
Oil giants are also looking at a range of options from consolidating some service stations to potentially starting the business from scratch
Abu Dhabi National Oil Company
ADNOC, Total sign offshore concession agreements
ADNOC aims to increase its oil production capacity from 3.2 million barrels per day to 3.5 million by the end of 2018.
Achates Power
Saudi Aramco backs investment into diesel engine
Oil and Gas Climate Initiative (OGCI), which includes BP, Shell and Total, invested into Achates Power