Page 13 - Downstream Monitor - MEA Week 34

DMEA
neWs in brief
DMEA
ComPanies
ENOC signs deal with IMS Oil Trading
EnOC group has signed a Memorandum
of Understanding (MoU) with IMS Oil, international trading operator in greece to supply lubricants for up to 16 product tankers at IMS Oil’s Fujairah and Singapore ports. e partnership also expands EnOC’s marine lubricants supply network to over 110 ports in 23 countries across the world.
His Excellency Saif Humaid Al Falasi, group Chief Executive O cer of EnOC, said: “We continuously aspire to further expand our local, regional and international presence and are excited about the opportunities this presents for the group. Our agreement with IMS Oil trading Ltd, marks a bold move to expand our operations. We pride ourselves for being a trusted and reliable partner to
our stakeholders in the marine industry and hope that our agreement with IMS Oil is a testament to the quality of our products and services.”
EnOC group supplies lubricants to a
wide range of marine vessels such as o shore supply boats, container liners, tankers, navy and Coastguard ships, using a network of transport options including road tanker trucks and pipelines. It also provides a diverse portfolio of lubricants and greases that are designed for applications in many sectors including, industrial, marine, heavy duty diesel engines and commercial use. EnOC’s marine lubricants are available in 23 countries across the Middle East, Africa, South East Asia, and the Indian Subcontinent.
enoC
PetroChemiCaLs
Iraq suggests gas,
petrochemical projects to
Saudi firms
Dr. Hamid al-Zawbai, Deputy Minister of Oil for gas A airs, has a rmed that a list of investments in the petrochemicals and oil elds were suggested before Saudi investors.
Discussions are ongoing with Saudi Basic Industries Corp (SABIC) and Saudi Aramco on nebras petrochemical complex and Akkas gas eld, whose daily output is 300 million cubic feet.
Zawbai statements were made on the sidelines of a forum held by Saudi Exports Development Authority and Saudi-Iraqi Trade Mission on Tuesday in Khobar, where 35 Saudi institutions from the oil and gas sector took part as well as heads of four Iraqi oil rms.
He underpinned coordination with SABIC in nebras, with investments ranging between USD6b to USD8b, revealing SABIC’s interested in it. Zawbai stressed the importance of SABIC being part of this project with the Iraqi government besides Shell Oil Company.
In the same context, the Iraqi o cial highlighted that talks are ongoing with Aramco in the eld of developing exploratory gas elds such as the Akkas gas eld.
e Saudi-Iraqi Joint Coordination Council (SICC) has taken signi cant steps in developing Saudi-Iraqi ties, he noted, namely steps regarding investment in oil and gas.
e deputy minister stated that the work is underway to suggest investment in the sector
of gas and oil in Iraq before Saudi companies. Zawbai assured Saudi investors willing
to enter the Iraqi market that the security
condition is stable.
ahsarQ aL-aWsat
PiPeLines
140 candidates apply for Kenya Pipeline MD’s job
At least 140 candidates have applied for the position of Managing Director at the Kenya Pipeline Corporation (KPC), following an advertisement published last month.
KPC is seeking to replace Joe Sang, who was arrested and charged in December last year, over a scandal in the construction of a Sh1.9 billion Kisumu Oil Jetty.
Sources privy to the recruitment process said “very strong candidates” have placed in their applications.
e advertisement was placed on the newspapers last month, by the board of directors, who asked for a quali ed candidate with a minimum 15 years working experience, with at least 10 in an executive management position.
“KPC o ers a competitive remuneration package in line with public service guidelines. e appointment will be for a contractual period of three years, renewable once for a similar period of time subject to satisfactory performance and delivery of set performance targets and outcomes,” the advertisement that appeared in local dailies states in mid-July states in part.
e successful candidate will be replacing Sang, who is battling corruption charges
Week 34 29•August•2019
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