Page 1 - DMEA Week 42
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Issue 462 22•October•2020 Week 42
ADNOC keeps busy
ADNOC has continued its recent spate of activity, setting up trading arms, buying
crude tankers and divesting more of its holding in its gas pipeline unit
OPEC+ warns of 2021 oil surplus
OPEC+ has warned that a sustained second COVID-19 wave and a surge in
Libyan output could push the oil market back into surplus next year.
ates seize LNG tanker
Pir
An LNG tanker has been seized by pirates off the coast of Equatorial Guinea,
according to Dryad Global, a UK-based maritime security firm.
amco downsizes oil-to-chemicals plan
Ar
Saudi Aramco is looking to downsize a plan to build a $20-30bn oil-to-
chemicals complex in the kingdom’s western port city of Yanbu.
