IHS Chemical Week

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December 12, 2014
IHS has cut its crude oil forecast sharply with the latest dated Brent projections lowered by about $22/bbl in 2015 and $11/bbl in 2016, according to IHS December Global Crude Oil...
http://www.chemweek.com/regions/middle_east/IHS-cuts-2015-crude-oil-price-forecast-sharply_66035.html
December 12, 2014
Sabic executive v.p./corporate finance and CFO Mutlaq Al-Morished has announced that he is resigning from Sabic, according to an interview with Saudi news service Mubasher. Al-Morished...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Sabic-CFO-resigns_66134.html
December 11, 2014
Repairs to Oman Oil Refineries and Petroleum Industries Co.'s (Orpic; Muscat) 106,000-bbl/day refinery at Mina Al Fahal will cost "millions of dollars" following a fire at...
http://www.chemweek.com/regions/middle_east/Reports-Repairs-to-fire-damaged-Oman-refinery-to-cost-"millions"_66099.html
December 11, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) says that several engineering contractors have expressed interest in bidding for the engineering, procurement and...
http://www.chemweek.com/regions/middle_east/Orpic-prequalifies-engineering-firms-for-four-petrochemical-project-packages_66078.html
December 10, 2014
Sohar Port and Freezone (Sohar, Oman) has struck a deal with Oman International Petrochemical Industry Co. (Ompet; Muscat) for a facility that will manufacture purified terephthalic...
http://www.chemweek.com/regions/middle_east/Ompet-reaches-agreement-for-PTA-PET-project-in-Oman_66020.html
December 8, 2014
National Industrialization Co. (Tasnee; Riyadh) said on Sunday that on 4 December it signed an agreement to purchase an additional 13% stake in titanium dioxide (TiO2) producer Cristal...
http://www.chemweek.com/regions/middle_east/Tasnee-signs-deal-to-raise-stake-in-TiO2-producer-Cristal_65945.html
December 8, 2014
Al Ghaith Industries (Abu Dhabi) has awarded Nuberg Engineering (Noida, India) a contract to build a calcium chloride plant in Abu Dhabi, Nuberg says. The plant's...
http://www.chemweek.com/regions/middle_east/Indias-Nuberg-Engineering-awarded-contract-to-build-calcium-chloride-plant-in-Abu-Dhabi_65960.html
December 4, 2014
Yanbu National Petrochemicals Co. (Yansab), a Sabic subsidiary, announced today that it would carry out a 35-60 day maintenance turnaround in April 2015 at the company's ethylene...
http://www.chemweek.com/regions/middle_east/Report-Yansab-plans-35-60-day-turnaround-at-EG-complex-next-April_65862.html
December 1, 2014
Teva Pharmaceutical Industries (Petach Tikva, Israel) has announced the appointment Yitzhak Peterburg as chairman, effective 1 January 2015. Peterburg, a member of the board since 2012...
http://www.chemweek.com/regions/middle_east/Teva-appoints-new-chairman_65732.html
November 28, 2014
Crude oil production will be maintained at a level of 30 million barrels/day, as was agreed in December 2011, in the interest of restoring market equilibrium, the Organization of the...
http://www.chemweek.com/regions/middle_east/OPEC-Crude-oil-production-to-remain-steady-at-30-million-bblsday_65719.html
November 25, 2014
Al Mahruqi: A start of a new era for petrochemicals in Oman. Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) will issue invitations to bid for its $3-4 billion...
http://www.chemweek.com/regions/middle_east/Orpic-to-float-EPC-tender-early-next-year-for-Liwa-plastics-project-in-Oman_65673.html
November 25, 2014
The GCC countries will see a decline in chemical industry’s growth from an impressive 11%/year in the past 10 years to 7.1%/year through 2020 to reach 226 million m.t./year, up...
http://www.chemweek.com/regions/middle_east/GPCA-Diversification-will-create-new-opportunities-in-the-Mideast_65672.html
November 24, 2014
Equate (Safat, Kuwait), a joint venture between Petrochemical Industries Co. (PIC), Dow Chemical, Boubyan Petrochemical, and Qurain Petrochemical Industries, says that a large part of...
http://www.chemweek.com/regions/middle_east/GPCA-Equates-manufacturing-complex-down-for-turnaround-debottlenecking-project-makes-progress_65662.html
November 24, 2014
Adama Agricultural Solutions (Airport City, Israel), a major generic crop protection solutions company, has postponed its previously announced initial public offering and ceased...
http://www.chemweek.com/regions/middle_east/Adama-postpones-IPO-as-a-result-of-lower-grain-prices_65646.html
November 24, 2014
The 9th Gulf Petrochemical & Chemical Association (GPCA; Dubai) Forum kicked off today with record attendance, exceeding 2,000 for the first time. The event, whose theme is...
http://www.chemweek.com/regions/middle_east/GPCA-Aramco-CEO-calls-for-switch-to-mixed-feed-crackers-as-gas-feedstocks-run-short_65647.html
November 19, 2014
Givaudan (Vernier, Switzerland), a market leader in the global fragrance and flavor industry, says it has opened an expanded technical center and regional offices at Dubai. The...
http://www.chemweek.com/regions/middle_east/Givaudan-develops-Mideast-presence-with-expanded-technical-center-regional-offices-at-Dubai_65475.html
November 19, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its management will consider recommending to the board of directors of the company that it reconsider its previously announced decision...
http://www.chemweek.com/regions/middle_east/ICL-to-reconsider-decision-to-close-magnesium-plant_65528.html
November 19, 2014
Frutarom Industries (Herzelia, Israel), one of the top-ten companies in the flavors and fine ingredients market, today reported a 42.0% rise in third-quarter net income to $24.2...
http://www.chemweek.com/regions/middle_east/Frutarom-reports-record-results-helped-by-emerging-markets-and-acquisitions_65524.html
November 18, 2014
Sadara Basic Services Co., a wholly owned subsidiary of Sadara Chemical Co. (Sadara), announced today that Sadara has entered into 30-year agreements with the Power and Water Utility...
http://www.chemweek.com/regions/middle_east/Sadara-signs-contracts-with-Marafiq-utility-company_65498.html
November 16, 2014
 Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which Dow Chemical plans to sell off, according to Asaad Al Saad, CEO of Petrochemical Industries Co...
http://www.chemweek.com/regions/middle_east/Dow-shares-in-Kuwaiti-jvs-will-be-offered-to-the-local-public-PIC-says_65463.html
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