Qatar's $6 billion project; ADNOC Gas begins operations

The past week has been a rather busy one and buzzing with activity. In case you missed the action,?Oil & Gas Middle East?is back with its weekly LinkedIn newsletter to give you a roundup of all the major updates and announcements from the oil and gas sector in the Middle East region.

Here are the top five stories of the week:

1. QatarEnergy, Chevron sign deal for $6 billion project

QatarEnergy ?announced on Sunday the final investment decision on the $6 billion Ras Laffan Petrochemicals Complex that it will build with partner? Chevron Phillips Chemical Company .

The plant, which is expected to be the largest of its kind in the Middle East, will begin production in 2026, and includes an ethane cracker with a capacity of 2.1 million tons of ethylene per year.

2. Samsung Engineering JV secures EPC contract for Qatar’s Ras Laffan project

SCJV, a joint venture company between Samsung Engineering Co. of South Korea and Taiwan’s?CTCI?has bee awarded a portion of the?QatarEnergy’s Ras Laffan Petrochemicals Project (RLPP),?which includes the ethylene unit and its utilities.

Once completed, the ethylene plant will be one of the largest in the world by capacity. The project consists of the ethylene unit and two high-density polyethylene units. The total cost of the project is $6 billion and startup is anticipated in late 2026.

3. ADNOC’s giant gas unit begins operations

ADNOC’s new gas subsidiary?ADNOC Gas, has begun operations effective Jan. 1, 2023, and is aimed at serving a wider range of domestic and international customers with an expanding portfolio of gas products, the company?announced?yesterday.

ADNOC Gas, which consolidates ADNOC’s gas processing and LNG operations, is one of the world’s largest gas processing entities, with capacity of about 10 billion standard cubic feet of gas per day. ADNOC Gas is expected to operate eight processing sites both onshore and offshore with a pipeline network of over 3,250 kms.

4. Oman signs gas and hydrogen agreements with Shell

Oman’s Ministry of Energy and Minerals has signed an agreement with Oman Shell to explore opportunities for the production of Liquefied Synthetic Gas (LSG) in the Sultanate of Oman.

LSG is produced when green?hydrogen?is combined with captured carbon dioxide to produce natural gas which is then liquefied. This low-carbon gas can be directly introduced to existing gas networks and infrastructure, including the liquefied natural gas stations in Oman, all the way to the end users.

5. Sinopec Engineering negotiating $3 billion contract for Zarqa refinery expansion

Sinopec Engineering Co?is in the negotiation phase for a $3 billion contract from Jordan Petroleum Refinery Co to jointly develop the fourth expansion phase of the Zarqa Refinery with engineering giant Tecnimont and Japan’s Itochu Corp.

The aim of the project is to expand the Zarqa refinery’s capacity to 150,000 barrels per day, up from the current 60,000 barrels a day.?