Chemical manufacturers are facing severe external challenges, “more so than anytime I can recall,” says Mohamed H. Al-Mady, chairman of the Gulf Petrochemicals and... http://www.chemweek.com/regions/middle_east/15671.html
The global chemical industry has a “central and expanding” role to play in meeting the world’s long-term energy challenges of surging demand, constrained supplies... http://www.chemweek.com/regions/middle_east/15673.html
The global financial meltdown has taken a toll on chemical valuations and profitability, according to an industry analyst. “The last couple of months have been rough,”... http://www.chemweek.com/regions/middle_east/15674.html
Dow Chemical says it expects to complete the transaction to form its K-Dow Petrochemicals joint venture with Kuwait Petroleum's Petrochemical Industries Company (PIC; Kuwait City) by... http://www.chemweek.com/regions/middle_east/15612.html
Israel Chemicals Ltd. (ICL; Tel Aviv) has recorded a 428% increase in third-quarter net profits, to $846 million, compared to the year-ago period. Sales increased by 109%, to about... http://www.chemweek.com/regions/middle_east/15588.html
Sabic and ExxonMobil Chemical say they have signed a heads of agreement (HOA) for a previously announced elastomers project at the companies’ Al-Jubail Petrochemical Co. (Kemya... http://www.chemweek.com/regions/middle_east/15528.html
Tasnee Petrochemicals (Riyadh), a private sector company, says it is at a very early conceptual development phase for a petrochemical complex, which would be built downstream from a... http://www.chemweek.com/regions/middle_east/15529.html
The timing of the latest wave of Mideast capacity could be better. Global petrochemical demand is tumbling, dragging pricing and margins with it, just as Mideast producers are set to... http://www.chemweek.com/regions/middle_east/15534.html
KBR says it has been awarded a contract by Egypt Hydrocarbon Corp. (EHC; Cairo) for a pre-front-end engineering design study of two polyethylene (PE) plants that would form part of a... http://www.chemweek.com/regions/africa/egypt/15509.html
Somali pirates released a chemical tanker and its 22-member crew last week after the pirates received a $1.1-million ransom, reports say. The pirates had held the vessel, Stolt Valor... http://www.chemweek.com/regions/africa/15526.html
A.P. Moller-Maersk (Copenhagen), Europe's biggest shipowner, says it has diverted its slower ships, mainly tankers, from the Suez Canal and Gulf of Aden, to go round the Cape of Good... http://www.chemweek.com/regions/middle_east/15496.html
Sabic and ExxonMobil Chemical have signed a heads of agreement (HOA) for a previously announced elastomers project at their existing Al-Jubail Petrochemical Co. (Kemya) and Saudi Yanbu... http://www.chemweek.com/regions/middle_east/15438.html
Saudi Aramco and Total say they are delaying the bidding process for their previously announced Jubail Refining and Petrochemical complex by three months. Deadlines by which... http://www.chemweek.com/regions/middle_east/15366.html
Borealis says it has selected LyondellBasell’s Lupotech T technology for a 350,000-m.t./year low-density polyethylene (LDPE) plant to be built in the Mideast by 2013... http://www.chemweek.com/regions/middle_east/15391.html
New petrochemical capacity from Mideast producers is expected to weaken producer margins amid an industry downturn and to harm the credit risk profile of petrochemical makers, says... http://www.chemweek.com/regions/middle_east/15407.html
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