Petrochemicals
May 2017

The petrochemical industry in the Gulf region grew at 3.7 per cent in 2016 reaching 150 million tonnes of capacity, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA), outpacing the global average growth of 2.2 per cent.






May 2017

Bechtel, a global leader in engineering, procurement, and construction (EPC), has been awarded two contracts by Carbon Holdings of Egypt to deliver major petrochemical projects in Egypt.






May 2017

Kuwait-based Equate Group, a global producer of petrochemicals, has announced a total net profit of $679 million for the fiscal year ending December 31, 2016. The Equate Group combines Equate Petrochemical Company, its subsidiaries, and The Kuwait Olefins Company.






May 2017

Sabic and ExxonMobil Chemical Company have announced the selection of a site in San Patricio County, Texas, for potential development of a jointly-owned petrochemical complex – currently under study – on the US Gulf Coast.






May 2017

France-based Air Liquide and Oman Oil Refineries and Petroleum Industries Company (Orpic), Oman’s national refining company, recently signed a long term agreement for the supply of nitrogen to the Liwa Plastics Industries Complex (LPIC).






May 2017

South Korea-based Hyosung Corp, a leading chemical and textile company, has signed a memorandum of understanding (MoU) with Iran’s state-run National Petrochemical Company for setting up a polypropylene (PP) plant in Iran.






May 2017

Being at the centre of trade between East and West, Saudi Arabia and the GCC with its massive hydrocarbon resources has the potential to become a global player in the world.






May 2017

A major petrochemicals complex being developed by Oman Oil Duqm Development Company at the Duqm Special Economic Zone (SEZ) will feature 10 large-scale plants involving several billion of dollars in investment, a report said.






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