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Saudi Arabia (409) Kuwait (54) U.A.E. (132) Iran (47) Qatar (60) Oman (38)
SAUDI ARABIA Saudi Arabia Starts Up Huge DAP Complex
Saudi Arabian Mining Company (Ma’aden) has announces the start of commercial operation at its diammonium phosphate (DAP) plant. The plant is... Saudi Acrylics Co. Signs Loan Agreement for Jubail Project
Sahara Petrochemicals said Sunday that its affiliate, Saudi Acrylic Monomers Company (Samco) signed a SR 600 million ($160 million) loan agreement with Saudi Industrial Development Fund (SIDF) to help finance a previously announced acrylic acid and... Sabic Reports Lower Fourth-Quarter Profits, Says 2013 Should Be Better
Sabic reported a 10% drop in net profit in the fourth quarter of 2011 to SR5.24 billion ($1.4 billion) on 15% higher sales at SR47 billion. Speaking at a press conference on Tuesday, CEO Mohamed Al Mady said that 2011 started well but there was a slowdown... Saudi Firms Report Mixed Fourth-Quarter Results
YanSab, Saudi Kayan, both Sabic affiliates, Sahara Petrochemicals, Sipchem, and Ma’aden reported fourth quarter 2011 results, mostly down on the year-earlier period. YanSab, which started commercial operations at its Yanbu complex in March 2010... Saudi Aramco and Sinopec Sign Yasref Refinery Deal (Update)
Sinopec says it has signed a joint venture agreement with Saudi Aramco on January 15, for the previously announced refinery at Yanbu, Saudi Arabia. The jv has been named Yanbu Aramco Sinopec Refining Co. (Yasref), formerly the Red Sea Refining Co. Saudi... More Stories » KUWAIT Kuwait Details Olefins III; Mohammad Hussain to Succeed Al Terkait at Equate
Kuwait’s previously announced Olefins III project is expected to be completed by end 2016, Maha Mulla Hussain, chairperson of Petrochemical Industries Co. (PIC) told CW recently. It will be designed to produce 1.4 million m.t./year of ethylene and less... DuPont and Israeli Firm Sign Research Agreement
DuPont says it has entered into a strategic research agreement with Rosetta Green (Rehovot, Israel) to identify drought tolerance genes in corn and soybeans. Rosetta Green will use proprietary technology and bioinformatics capabilities to identify microRNAs... Qurain Plans $1-Billion PTA and PET Complex in Saudi Arabia
Qurain Petrochemical Industries Company (Kuwait City) is planning to build a $1-billion integrated polyethylene terephthalate (PET) resins complex at Jubail, Saudi Arabia. It will be designed to produce 1 million m.t./year of... Equate Petrochemical Seeks Acquisitions
Equate Petrochemical (Safat, Kuwait) is actively seeking acquisitions outside the Middle East and may be close to a deal before the end of the year, company officials say. "Our strategy is to look for M&A opportunities in the line of our existing products," says Hamad Al-Terkait, Equate CEO.... Construction Begins on Sinopec-Kuwait Petrochemical Project
Sinopec says that a groundbreaking ceremony was held on November 18 for the previously announced Sino-Kuwait Guangdong Integrated Refinery & Petrochemical JV Project, a joint venture between Sinopec and Kuwait... More Stories » U.A.E. Chemical Industry Weekly News Round-Up, Dec. 16
This Week on CW: Private equity firm Apollo Global Management has agreed to acquire alkylamines maker Taminco from CVC Capital Partners, another private equity firm, for $1.5 billion. Apollo beat out four other private equity firms, including Styron... DuPont and Israeli Firm Sign Research Agreement
DuPont says it has entered into a strategic research agreement with Rosetta Green (Rehovot, Israel) to identify drought tolerance genes in corn and soybeans. Rosetta Green will use proprietary technology and bioinformatics capabilities to identify microRNAs... Chevron Phillips Chemical to Locate Planned U.S. Cracker at Cedar Bayou Site
Chevron Phillips Chemical (CP Chem) will site its previously announced ethane cracker at its Cedar Bayou site in Baytown, TX.... Henkel Opens Office in Dubai
Henkel says it has opened a new office in Dubai, which will serve as the regional office... IFF Opens Lab in Dubai
International Flavors and Fragrances (IFF) says it has opened a creative and applications lab in Dubai's DuBiotech research part. The... More Stories » IRAN Oman Pulls Out of Fertilizer Joint Venture Project in Iran
Iranian news agencies announced on Saturday that Oman has pulled out of a fertilizer joint venture project, citing disagreement over the price of gas. The announcement, quoting Abdohossein Bayat, managing director of the National Petrochemical Co... Sasol Plans Ethane Cracker in Louisiana
Sasol says it has advanced a feasibility study on a possible 1.4-million m.t./year ethylene plant and downstream derivative units at its Lake Charles site. Sasol also reported today that is in discussions on possible divestment of its stake in Arya Sasol, a polyethylene joint venture in Iran... Sasol in Talks to Divest its Iranian Operations
Sasol says it has entered talks to divest from its operations in Iran, confirming earlier statements by the company. Sasol said in a filing to the U.S SEC in October that it is reviewing its operations in Iran and does not intend to make further investments... Iran and Venezuela Start Building Methanol Plant; Chabahar to Become Big Petchems Hub
Iran and Venezuela have started work on a previously announced methanol project at Assaluyeh, Iran, says Abdolhossein Bayat, Iran’s deputy oil minister and managing director of National Iranian Petrochemical Co., (NIPC; Tehran). NIPC and Pequiven... Iran to Raise Petchems Output to 60 million m.t. this Year; Starts Work on Fertilizer Complex
Adbolhossein Bayat, Deputy Minister of the Iranian Ministry of Petroleum and president of the National Iranian Petrochemical Co., (NIPC; Tehran) forecasts a significant growth in the country's petrochemicals output by the end of the current Iranian... More Stories » QATAR Qapco Opens Office in South Africa
Qatar Petrochemical Co. (Qapco; Doha) says it has opened a new representative office at Cape Town, South Africa. The establishment of this... GPCA: Qatar Will Proceed with Two Petchem Projects; CPChem Competes with Qapco
Qatar Petroleum (QP; Doha) is expected to proceed with two petrochemical projects, including one that was recently signed with Shell Chemicals. Speaking to CW on the sidelines of the annual GPCA Forum in Dubai, Hamad Rashid Al Mohannadi, deputy chairman of QP... GPCA: Shell Details Petchem Investments, Studying Plans for Iraq
Shell Chemicals, hard on the heels of a recently announced heads of agreement to advance a $6.5-billion petrochemical project in Qatar, is looking at several other opportunities, says Ben van Beurden, executive v.p. at Shell Chemicals. Speaking exclusively to... Shell and Qatar Petroleum Sign Petchems Deal; Shell to Hold Minority Stake
Shell and Qatar Petroleum have signed a heads of agreement for the development of a previously announced multi-billion dollar petrochemical production joint venture in Qatar. Total investment cost has been estimated at $6.5 billion. The agreement was signed... Shaw Awarded Contract for Ethylene Plant Expansion by Qapco
The Shaw Group says it has been awarded a contract by Qatar Petrochemical Co. (Qapco; Doha) to provide basic... More Stories » OMAN EU Drops PET Antidumping Probe Against Sabic and Octal
The European Union (EU) has terminated an antidumping and anti-subsidy probe on imports of polyethylene terephthalate (PET) products from Oman and Saudi Arabia, following the withdrawal of a complaint by the Committee of PET Manufacturers in Europe... Mitsubishi Heavy Industries and Omani Group Form JV for Projects in India
Mitsubishi Heavy Industries (MHI) and Suhail Bahwan Group (SBG; Muscat) have established a joint venture engineering company to undertake projects in India. The jv, MHI Engineering and Industrial Projects India Private Limited (MEIP; Gurgaon, India), will... Orpic Awards Sohar Expansion Contract to UOP and Foster Wheeler
Oman Oil Refineries and Petroleum Industries Co., (Orpic; Muscat), the recently merged group of Oman’s Oman Refineries and Petrochemicals, Aromatics Oman, and Oman Polypropylene, is going ahead with previously announced plans to revamp and expand its... Oman Restructures Refinery and Petchem Operations under New Name
Oman has completed a restructuring program, which combined and integrated its Oman Refineries and Petrochemicals Co., Aromatics Oman, and Oman Polypropylene, under the new name Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat). Orpic is... Saudi Arabia Establishes Panel to Help Resolve PET Dumping Dispute with Europe
The Saudi government has established a technical panel to help resolve a dispute with the European Commission over possible European Union (EU) antidumping duties on polyethylene terephthalate (PET) originating from Saudi Arabia, according to Saudi press... More Stories »
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