IHS Chemical Week

Regions :: Middle East

Saudi Arabia (800)

Kuwait (104)

U.A.E. (202)

Iran (97)

Qatar (154)

Oman (92)


SAUDI ARABIA

Yansab starts lengthy maintenance shutdown
Yanbu National Petrochemical Co. (Yansab; Yanbu, Saudi Arabia), a Sabic affiliate, said on Thursday that its manufacturing complex at Yanbu will undergo maintenance starting Friday. The complex will be down for 35 days, but the ethylene glycol (EG)...

Sahara, Advanced and Ma'aden report first-quarter results
More Saudi firms today announced their first-quarter results. Sahara Petrochemical Co. reported first-quarter net loss of 49.5 million Saudi riyals ($13.2 million) compared with a net profit of SR99.9 million in the year-earlier quarter. The company...

Saudi Kayan reports large first-quarter losses
Saudi Kayan, a Sabic affiliate, today reported a large loss for the first quarter of this year. Net loss reached 591.64 million Saudi riyals ($157.7 million). This compares with a net profit of SR9.94 million in the year-earlier quarter. Operating loss in the...

Sabic's new CEO makes personnel, business unit changes (Update)
Yousef Abdullah Al Benyan, who was appointed as Sabic’s CEO elect on 15 February and who is expected to be confirmed as CEO, has made several organizational changes, CW has learned. In one of the most significant changes, Sabic’s youngest business...

Petro Rabigh appoints new chairman
Petro Rabigh shareholders have approved Abdulaziz Al Qudaimi as a nonexecutive board member and chairman until the end of the current term. Al Qudaimi replaces Khalid Al Buainain, who resigned on 24 February. Petro Rabigh’s shareholders have also...

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KUWAIT

GPCA appoints Adnoc's director of petrochemicals as new chairman
The Gulf Petrochemicals and Chemicals Association (GPCA; Dubai) today announced the appointment of Rashed Saud Al Shamsi as new chairman. Al Shamsi, vice chairman of GPCA since 2012, succeeds Mohamed Al Mady, who was recently appointed as the chairman of the...

Kuwait forecasts lower petchem revenues, studies for new projects to be completed end of year
Kuwait is anticipating its petrochemical revenues to drop 20% this year because of the slump in prices, but the country will not slow its investment projects, according to Asaad Al Saad, CEO of Kuwait's Petrochemical Industries Co. (PIC). PIC is a partner...

GCC petrochemical industry moving toward innovative strategies, GPCA survey finds
Nearly 80% of the Gulf Cooperation Council (GCC) region’s major petrochemical and chemical producers have made innovation strategy a key business priority, indicating that the advancing, improving, and modernizing the sector are top priorities, a new...

CB&I awarded storage tank contract in Kuwait
CB&I today announced an award of a $60 million contract by JGSK JV, a joint venture between JGC Corp., GS E&C and SK E&C. The project scope includes the engineering, procurement, fabrication and construction of 39 storage tanks and two spheres for...

Equate reports decline in profit, says 2015 and beyond will be challenging
Equate Petrochemical, (Kuwait City), a joint venture among Petrochemical Industries Co., Dow Chemical, Boubyan Petrochemical Co., and Qurain Petrochemical Industries, today announced a net profit of $1.04 billion for the fiscal year ending 31 December...

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U.A.E.

GPCA appoints Adnoc's director of petrochemicals as new chairman
The Gulf Petrochemicals and Chemicals Association (GPCA; Dubai) today announced the appointment of Rashed Saud Al Shamsi as new chairman. Al Shamsi, vice chairman of GPCA since 2012, succeeds Mohamed Al Mady, who was recently appointed as the chairman of the...

Sika opens mortar and concrete admixture plants in Dubai and on Réunion Island
Sika said today that it has opened a new mortar manufacturing facility in Dubai and a concrete admixture plant on Réunion Island, a French overseas region. Paul Schuler, Sika manager/Europe Mideast, and Africa (EMEA), says, “The new facilities...

GCC petrochemical industry moving toward innovative strategies, GPCA survey finds
Nearly 80% of the Gulf Cooperation Council (GCC) region’s major petrochemical and chemical producers have made innovation strategy a key business priority, indicating that the advancing, improving, and modernizing the sector are top priorities, a new...

OCI NV details plans to demerge fertilizers from construction operations
OCI N.V. (Amsterdam) announced today that it has formally commenced proceedings to demerge the company’s engineering and construction business from its fertilizer and chemicals operation. The demerger was announced by the board of directors on 6...

Dow and RSA-Talke sign contract for storage of Sadara petchems
Dow and RSA-Talke have signed a contract for the storage of petrochemical products that will be marketed by Dow from Sadara Chemical Co., a joint venture of Dow and Saudi Aramco in Saudi Arabia. The joint venture for chemical logistics RSA-Talke is...

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IRAN

NPC aims to start up second Kavian cracker by September - report
National Petrochemical Company (NPC; Tehran) expects to start up a second 1 million m.t./year ethylene plant at the Kavian petrochemical complex in Assaluyeh, Iran, by September, according to a local news report....

Iran likely to attract investors when nuclear deal is clinched
Iran is keen to assist foreign companies to invest in the country’s oil and petrochemicals sectors once the final nuclear deal is clinched between Iran and P 5+1 group of countries, Abbas She’ri Moqaddam, managing director of National...

India revives plans for ammonia-urea joint venture in Iran
India has revived plans to build an ammonia-urea complex in Iran.  Hansraj Gangaram Ahir, junior chemicals and fertilizers minister told Lok Sabha, India’s lower house of parliament on Tuesday that the plant will have a capacity of 1.3 million...

Iran builds mega methanol plant at Bandar Dayyer
Iran is making good progress with construction of what it says will be the world’s largest methanol plant. Mohammad Hassan Peyvandi, deputy head of the National Petrochemical Co. (Tehran) told Press TV that the Kaveh methanol plant in the Persian Gulf...

GPCA: Aramco CEO calls for switch to mixed-feed crackers as gas feedstocks run short
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: “What’s next for the chemical industry,” is taking place amid...

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QATAR

GPCA appoints Adnoc's director of petrochemicals as new chairman
The Gulf Petrochemicals and Chemicals Association (GPCA; Dubai) today announced the appointment of Rashed Saud Al Shamsi as new chairman. Al Shamsi, vice chairman of GPCA since 2012, succeeds Mohamed Al Mady, who was recently appointed as the chairman of the...

GCC petrochemical industry moving toward innovative strategies, GPCA survey finds
Nearly 80% of the Gulf Cooperation Council (GCC) region’s major petrochemical and chemical producers have made innovation strategy a key business priority, indicating that the advancing, improving, and modernizing the sector are top priorities, a new...

Shell's Pearl GTL plant in Qatar in 2-month turnaround
Shell's Pearl gas-to-liquids (GTL) plant, in Qatar has entered a planned maintenance turnaround in February 2015. Pearl GTL comprises two identical GTL 'trains', with a total capacity of 140,000 bbls/day of GTL products plus 120,000 bbls/day of natural gas...

Qafac opens CO2 recovery unit, hikes methanol output
Industries Qatar, a shareholder in Qatar Fuels Additives (Qafac), has announced the official startup of a 145.5 million Qatari riyals ($40.0 million) carbon dioxide recovery facility. The plant, which commenced operations in the third quarter of 2014, is the...

Qatar outlines planned outages for most petchem and fertilizer plants in first quarter
Mesaieed Petrochemical Holding and Industries Qatar, which hold shares in most of Qatar’s petrochemical and fertilizer companies, have announced their respective planned shutdown timetable for their production facilities in the first quarter of 2015...

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OMAN

GPCA appoints Adnoc's director of petrochemicals as new chairman
The Gulf Petrochemicals and Chemicals Association (GPCA; Dubai) today announced the appointment of Rashed Saud Al Shamsi as new chairman. Al Shamsi, vice chairman of GPCA since 2012, succeeds Mohamed Al Mady, who was recently appointed as the chairman of the...

GCC petrochemical industry moving toward innovative strategies, GPCA survey finds
Nearly 80% of the Gulf Cooperation Council (GCC) region’s major petrochemical and chemical producers have made innovation strategy a key business priority, indicating that the advancing, improving, and modernizing the sector are top priorities, a new...

Orpic completes prequalification of E&C firms for Liwa project
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) said today that it has finalized the prequalification process for the engineering, procurement, and construction (EPC) work packages for the previously announced Liwa plastics complex. The...

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...

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...

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