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Middle East and North Africa

Saudi Aramco plans to sell pipeline stake amid a slump in crude prices.

Saudi Aramco, the world’s largest oil producer, is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people... Full Story

Aramco to boost oil output capacity to 13 million barrels/day.

Saudi Aramco will boost its oil production capacity to 13 million barrels a day from 12 million, the company said... Full Story

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L&T Construction bags order from Oman.

The Water & Effluent Treatment Business of L&T Construction has bagged a deal from Oman to design and execute a... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Saint-Gobain wins $268.7mn Qatar contract.
French building materials company Saint Gobain PAM has announced that it has won a pair of supply deals worth €200mn ($268.7mn) from Qatari contractor Al... Full Story
Saudi Services for Electro-Mechanic Works Co bags 2 utility deals
Saudi Services for Electro-Mechanic Works Company has won two contracts worth $124.8mn (SAR 467.9mn) from the Royal Commission for Jubail and Yanbu (RCJY) for utility... Full Story
Emirates Extrusion to invest Dh13m to expand its Dubai plant.
Emirates Extrusion Factory [EEF], an aluminium extrusion company in the UAE and a subsidiary of Masharie LLC - the private equity arm of Dubai... Full Story
Oman to spend $78bn.
The Gulf state of Oman is expected to channel nearly RO 30bn (USD 78bn) into its projects to upgrade its infrastructure during its current five-year... Full Story
NESMA Electric secures sub station contract in Jedah
NESMA Electric has secured one of the famous Substation project in Jeddah. NESMA Electric will build the 110/13.8kV substation in Jeddah Gate Site (Bab... Full Story
L&T to build gas processing plant for its Midyan gas field
Saudi Aramco has awarded Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field. L&T will build... Full Story
IL&FS bags oil pipeline project from Port of Fujairah
IL&FS Engineering and Construction Company Ltd has received a letter of Intent (LoI) from IPTF, Fujairah, FZC for oil pipeline work at Port of Fujairah... Full Story
Oman Hotel projects update
Oman expects to open several new hotels and complexes with more than 2,000 resort and hotel rooms to be added in 2013. Oman's Capital City... Full Story