IHS Chemical Week
MIDEAST/AFRICA

ICL to divest shoe reinforcement materials business

10:37 AM MST | December 19, 2014 | Deepti Ramesh

Israel Chemicals Ltd. (ICL; Tel Aviv) says that its performance products business segment has agreed to sell its Rhenoflex business unit based at Ludwigshafen and in China to Findos Investor (Munich), an independent, midmarket private equity fund. Rhenoflex...


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Sabic appoints chemicals executive to CFO

Yousef Al Benyan  Sabic, the Mideast’s largest chemicals player and one of the global leading producers, has appointed Yousef Al Benyan as its new CFO, CW has learned. Sources tell CW that Al Benyan will be executive v.p./finance as of 11 January...

Shell extends Evonik's distribution of GTL hardwaxes to emerging regions

Evonik Industries has been appointed by Shell MDS (Malaysia)—the joint venture owner and the operator of the Shell middle distillate synthesis plant in Bintulu, Sarawak—as the new distribution of gas-to-liquid hardwaxes (GTL hardwaxes) in South...

Nama Chemicals to restart chlor-alkali plant in January

Nama Chemicals (Al Jubail) says that it plans to restart its chlor-alkali production facility at Al Jubail on 5 January 2015. The plant has been down since a fire in the caustic soda unit on 16 November. Nama estimates the total financial impact of the...

Kazakhstan advances plans to become major potash player

Kazakhstan has received assurances that Chinese investors will pump $3.80 billion to develop potash deposits in Kazakhstan, according to investment and development minister of Kazakhstan Aset Isekeshev. The investment will increase potash production from the...

Tasnee appoints former Sabic CFO as its new CEO

The National Industrialization Co. (Tasnee; Riyadh) informed the Saudi Stock Exchange on Sunday that its board of directors has accepted the resignation of Salih bin Fahd Al Nazha, Tasnee’s CEO, because of personal reasons. He will be stepping down on...

IHS cuts 2015 crude oil price forecast sharply

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 Markets Short-Term Outlook. As a result, dated Brent is now expected to average...

Sabic CFO resigns

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 told Mubasher that he had submitted his resignation from his position at...

Reports: Repairs to fire-damaged Oman refinery to cost "millions"

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 one of the refinery's naphtha treatment units, according to a report from...

Orpic prequalifies engineering firms for four petrochemical project packages

Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) says that several engineering contractors have expressed interest in bidding for the engineering, procurement and construction (EPC) work on Orpic’s $3.6 billion petrochemical project at...

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