Petrochem Carless is building its own tank farm in Dubai, UAE, in a Dh12.5 million ($3.4 million) expansion. The project involves construction of six tanks with a combined capacity of 7,500 cu m in Jebel Ali. When completed, the tanks will store flammable chemicals, which will be imported from the jetty by pipeline.

Mannai Corporation of Qatar and Worley of Australia have formed a strategic alliance that is expected to dramatically enhance the capabilities of both companies in the oil and gas industry.

Saudi Polyolefins Company (SPC) has secured a $280 million loan from a consortium of local and foreign banks to build propylene and polypropylene plants, according to a statement from the Saudi-based company.