Key developments and project breakthroughs in the Middle East's oil and gas sector is the subject of the latest CW podcast.
The latest episode of Construction Week Viewpoint drills into US President Donald Trump's comments on the Mideast oil sector, Bahrain's biggest discovery since the 1930s, and a $44bn mega refinery involving GCC heavyweights Saudi Aramco and ADNOC.
Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!— Donald J. Trump (@realDonaldTrump) June 30, 2018
Efforts are in full-swing in the Middle East to diversify energy sources to ensure oil-reliant economies are more robust and able to handle price volatility. But oil and gas remains a central pillar of the economy for countries such as Saudi Arabia, the UAE, Kuwait, and Oman. And this means contractors in the Middle East can look forward to continued work in this area.
Indeed, UAE-based Dana Gas said this week that plant expansion at its Khor Mor gas field in Iraq was on track to remove production bottlenecks and increase capacity.
Construction Week Viewpoint is a weekly SoundCloud podcast series produced by the Construction Week editorial team.
Listeners can tune in from their handheld devices at noon every Monday to learn more about the biggest issues in the business, including the decline in major onsite accidents, exclusive CW statistics on a growing regional skills gap, hyperloop updates, and why Saudi Arabia is in a race against time to build more hospitals.