IHS Chemical Week
MIDEAST/AFRICA

Sadara and Bavarian partnership sign cooperation agreement for PlasChem Park

5:34 AM MST | January 28, 2015 | Natasha Alperowicz

Sadara, a joint venture between Saudi Aramco and Dow Chemical, and Chemie-Cluster Bayern (CCB) have announced that they have signed an agreement to cooperate and jointly support the development of chemical based value chains in PlasChem Park at Jubail, Saudi...


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Shell signs deal to build petrochemicals complex in Iraq

Shell has signed a deal with Iraq worth $11 billion to build a previously announced petrochemicals complex near Basra, according to Industry Minister Nasser Al Esawi. Esawi told a press conference in Baghdad the Nibras complex would come onstream within...

ICL to acquire food ingredients firm Prolactal

Israel Chemicals Ltd. (ICL; Tel Aviv) says that its food specialties business unit has entered into a share purchase agreement to acquire Prolactal (Hartberg, Austria) and its subsidiary, Rovita (Engelsberg, Germany). Prolactal is a leading European producer...

Sasol sells candles business to Lion Match

Sasol said on Monday that it reached an agreement to divest its Price’s Candles business to Lion Match. Sasol has owned the Price’s Candles, one of South Africa’s best-known brands, since 2002. Price’s Candles makes candles at its...

Sika acquires mortar and tile adhesive manufacturer in Mozambique

Sika (Baar, Switzerland) says that it has agreed to acquire the assets of Duro-Moza (Maputo), a company active in production and sales of specialized mortars and tile adhesives. Financial details of the deal have not been disclosed. Duro-Moza generated sales...

Report: Orpic starts 29-day turnaround at Sohar refinery

Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) began a planned 29-day maintenance turnaround at the company's Sohar, Oman, refinery late yesterday, according to a report from Reuters quoting the company's CEO. The turnaround is not expected...

Tasnee signs financing agreement to fund acquisition of additional shares in Cristal

National Industrialization Co. (Tasnee) said today that it signed an Islamic Murabaha financing agreement for 1.2 billion Saudi riyals ($319.4 million) with each the Riyadh Bank and the Saudi British Bank. The agreement has a competitive floating-rate...

AMEC Foster Wheeler awarded oil storage terminal contract in Oman

AMEC Foster Wheeler (AFW) has been awarded a contract by the Oman Tank Terminal Co. for the front-end engineering design of the Ras Markaz crude oil park project in Oman. Located 70 kilometers south of the Port of Duqm on the Wusta coast, the Ras Markaz...

Satorp reports large quarterly and annual losses

Saudi Aramco Total Refining & Petrochemical (Satorp), a joint venture in which Aramco holds 62.5% and Total the balance, has announced an increase in quarterly and annual net losses. Net loss in the fourth quarter was 71.37 million Saudi riyals ($19.0...

Ma'aden shuts ammonia plant for 30-day maintenance

Saudi Arabian Mining Company (Ma’aden) has announced that its subsidiary Ma’aden Phosphate Co., (MPC) will shut down its ammonia plant located at Ras Al Khair City, Saudi Arabia for a scheduled maintenance. MPC, owned 70% by Ma’aden and 30%...

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