British oil and gas company bp has announced that it would reorganise its business into two operating segments - Upstream and Downstream - thus replacing its current three-segment structure, effective July 1. This comes as part of bp's efforts to simplify its structure, boost performance as well as shareholder returns.
Adnoc is accelerating Ruwais’ industrial transformation through AED200 billion ($55 billion) in planned project awards for 2026-2028, expanding downstream investments, strengthening In-Country Value, and supporting the UAE’s Make it in the Emirates industrial growth initiative.
OQ, Oman’s global investment group, has signed 11 new investment agreements under the Ladayn Polymer Park programme, backed by more than OMR 27 million ($70 million) in committed investments, bringing the programme’s total investment to OMR 85 million.
