Page 1 - DMEA Week 17 2020
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Issue 447 30•April•2020 Week 17
Tensions rise
Following a new incident in the Persian Gulf and the launch of a military satellite into space, tensions between Iran, the US and Israel are mounting.
Spared from the axe
France’s Total has said that its $5bn petrochemicals project with Saudi Aramco will not be affected by the deep cuts to spending it has made.
Nearing launch
Oman’s flagship $6.7bn petrochemicals venture is nearing completion, with test runs held at its NGL extraction plant.
Further losses
Nigeria’s NNPC incurred further losses relating to its ageing oil refineries in January, as the company struggles to find a way of modernising the plants.
