IHS Chemical Week

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January 19, 2016
Methanol Chemicals Co. (Chemanol; Dammam), an integrated producer of methanol and derivatives, on Tuesday reported significantly higher quarterly losses and a swing to a net annual...
http://www.chemweek.com/regions/middle_east/Chemanol-losses-mount-on-lower-methanol-and-derivatives-prices-outages_76535.html
January 18, 2016
Alujain (Jidda, Saudi Arabia), which has a majority stake in Yanbu, Saudi Arabia–based propylene and polypropylene (PP) producer Natpet, reports fourth-quarter 2015 net profit...
http://www.chemweek.com/regions/middle_east/Saudi-polypropylene-producers-report-lower-profits_76503.html
January 22, 2016
Sabic on Sunday reported a 29.4% drop in fourth-quarter net profit to 3.08 billion Saudi riyals ($821.6 million). This was a 45% decline from the SR5.6 billion reported in the third...
http://www.chemweek.com/regions/middle_east/Sabic-profits-sales-down-on-lower-prices-impairment-charges_76498.html
January 15, 2016
Yanbu National Petrochemical Co. (Yansab), a Sabic subsidiary, has announced profits fell massively in fourth-quarter and full-year 2015. The quarterly net profit was down 36%, to...
http://www.chemweek.com/regions/middle_east/Yansab-and-Safco-profits-tumble-on-lower-prices_76471.html
January 14, 2016
Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced that its multi-billion dollar phase II project will be...
http://www.chemweek.com/regions/middle_east/Petro-Rabigh-project-delayed-costs-escalate-as-contractors-fail-to-meet-schedule_76396.html
January 14, 2016
Saudi Kayan, a Sabic affiliate, on Thursday reported fourth-quarter net loss of 624.14 million Saudi riyals ($166.4 million) compared with a net profit of SR11.78 million in the...
http://www.chemweek.com/regions/middle_east/Saudi-Kayan-swings-to-big-fourth-quarter-loss-on-low-prices_76395.html
January 25, 2016
Saudi Arabian chemical producers are assessing the impact of the energy and feedstock price hikes announced by the Saudi government in its state budget on 29 December 2015. The...
http://www.chemweek.com/regions/middle_east/Saudi-firms-reducing-costs-to-soften-blow-of-feedstock-and-energy-hikes_76348.html
January 12, 2016
Alujain has announced that a sudden technical problem on Monday at its Natpet propylene and polypropylene (PP) manufacturing subsidiary at Yanbu, Saudi Arabia, has forced the company...
http://www.chemweek.com/regions/middle_east/Saudi-Natpet-PP-complex-off-line-after-technical-problems_76345.html
January 8, 2016
Low oil prices and a shortage of advantaged feedstocks have put the brakes on growth in oil-rich Gulf Cooperation Council (GCC) states, which comprise Bahrain, Kuwait, Oman, the United...
http://www.chemweek.com/regions/middle_east/Outlook-Mideast-GCC-growth-slows-Iran-uncertain_76294.html
January 8, 2016
Axens has announced that it will expand its sulfur abatement portfolio through the acquisition of adsorbents manufactured by Scutter Enterprises (Chesterfield, MO), after entering into...
http://www.chemweek.com/regions/middle_east/Axens-acquires-adsorbents-maker_76303.html
January 8, 2016
Source: Saudi Aramco. The Saudi government is considering floating shares in state-owned oil, refining, and petrochemical producer Saudi Aramco, the company announced on Friday. The...
http://www.chemweek.com/regions/middle_east/Saudi-government-considers-share-listing-for-Aramco_76288.html
January 6, 2016
The board of PetroRabigh (Rabigh, Saudi Arabia), a Saudi Aramco–Sumitomo Chemical joint venture, has approved an increase to a previously announced share issue. The jv is...
http://www.chemweek.com/regions/middle_east/Petro-Rabigh-board-approves-expanded-share-issue_76131.html
January 4, 2016
Saudi Arabia—following four decades of cheap ethane feedstock prices, which gave local petrochemical producers a massive cost advantage—is more than doubling the price of...
http://www.chemweek.com/regions/middle_east/Saudi-Arabia-more-than-doubles-petchem-feedstock-prices_76112.html
December 30, 2015
African Potash (London) says it has acquired the main fertilizer trading activities of Beryl Holdings (Johannesburg). Beryl Holdings has transferred the activities, consisting of...
http://www.chemweek.com/regions/africa/south_africa/African-Potash-acquires-fertilizer-trader_76126.html
December 30, 2015
Nuberg Engineering (Noida, India), an engineering, procurement, and construction company, says that it recently commissioned three major industrial chemical plants in Abu Dhabi...
http://www.chemweek.com/regions/middle_east/Nuberg-Engineering-commissions-three-chemical-plants_76109.html
December 29, 2015
Dow Chemical announced on Wednesday that it has finalized the transaction to sell its ownership interest in MEGlobal (Dubai) to Equate Petrochemical Co. and has received $1.5 billion...
http://www.chemweek.com/regions/middle_east/Dow-finalizes-sale-of-MEGlobal-to-Equate_76061.html
December 23, 2015
In its latest annual World Oil Outlook (WOO) published on Wednesday, OPEC assumes the price of oil rising to $70/bbl in 2020 and $95/bbl in 2040, expressed in 2014 prices. These...
http://www.chemweek.com/regions/middle_east/OPEC-Oil-price-likely-to-rise-to-$70bbl-by-2020_76044.html
December 22, 2015
An explosion at the high-density polyethylene (HDPE) plant of Marun Petrochemical Co. (MPC), a subsidiary of National Petrochemical Co. (Tehran), at Mahshahr, Iran, killed three...
http://www.chemweek.com/regions/middle_east/Report-Explosion-at-Iran-petchem-site-kills-three_76015.html
December 18, 2015
Maire Tecnimont on Friday confirmed that it has been awarded a contract by Oman Oil Refineries and Petroleum Industries Co. (Orpic) to supply polyolefin plants for Orpic’s Liwa...
http://www.chemweek.com/regions/middle_east/Tecnimont-GS-Mitsui-and-Co-confirm-Oman-contracts_75973.html
December 17, 2015
Alujain Corp., majority owner of propylene and polypropylene (PP) producer NatPet, has announced that a sudden technical problem on 13 December has forced the company to take the Nat...
http://www.chemweek.com/regions/middle_east/NatPet-takes-propylene-PP-complex-offline-due-to-technical-fault_75893.html
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