IHS Chemical Week

Regions :: Middle East

Saudi Arabia (666)

Kuwait (90)

U.A.E. (180)

Iran (83)

Qatar (127)

Oman (73)


SAUDI ARABIA

Petro Rabigh swings to profit
Rabigh Refining and Petrochemical Co. (Petro Rabigh) posted a net profit of 413 million Saudi riyals in the first quarter compared with a SR658-million net loss in the corresponding period of 2013. The company also reported a first-quarter operating profit of...

Ma'aden's phosphate project gets loan approval
Saudi Arabian Mining Co. (Ma’aden) has announced that the Public Investment Fund has approved a $2-billion loan covering part of its previously announced phosphate project. The project is being implemented by Ma’aden’s Waad Al Shamal...

Sipchem stops butanediol plant for expansion and improvements
Saudi International Petrochemical Company (Sipchem; Al Khobar, Saudi Arabia) said today that it is stopping its butanediol manufacturing complex as of today for expansion and efficiency improvements. The stoppage will last 35 days. The move follows an award...

Aramco begins trading chemical products from Petro Rabigh
Saudi Aramco said today that its wholly-owned subsidiary Saudi Aramco Products Trading Company (ATC) has begun trading chemical products from Petro Rabigh (Rabigh, Saudi Arabia), a joint venture between Aramco and Sumitomo Chemical. ATC will sell...

IHS WPC 2014: Future of petrochemical feedstock remains in the Mideast and CIS
The development of shale gas production in the United States has been exciting but, looking forward, the Mideast and Commonwealth of Independent States (CIS) countries retain a true long-term potential to keep supplying gas and, as a result, petrochemical...

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KUWAIT

JGC consortium awarded large order for clean fuels project in Kuwait
JGC (Yokohama) said today that it, together with partners GS Engineering & Construction (Seoul) and SK Engineering & Construction (Seoul), has received an award notification by Kuwait National Petroleum Co. (KNPC) to provide engineering...

Kuwait Styrene reports record sales and profit on higher demand
The Kuwait Styrene Co., (TKSC) today reported a net profit of $180 million for the fiscal year ending 31 December 2013. “Despite several challenges, these profits exceeded the $59 million net profit of 2012 by over 200% due to a number of elements...

Equate reports record results, aims to become more global
Equate Petrochemical Co. (Equate; Kuwait City), a joint venture between Petrochemical Industries Co., Dow and the local Boubyan Petrochemical Co., and Qurain Petrochemical Industries, today announced record results for 2013. Net profit rose 14% to $1.25...

Fluor consortium wins clean fuels project to expand refineries in Kuwait
Fluor has announced that Kuwait National Petroleum Company (KNPC; Kuwait City) has selected Fluor's joint venture team as the preferred bidder to design, construct, and commission the Mina Abdullah Package 2 clean fuels project in southern Kuwait. Fluor says...

Samsung consortium to build Kuwait's Clean Fuel Project
Samsung Engineering announced today that it has received an award notification from Kuwait National Petroleum Co. for a $3.8-billion Mina Abdullah I refinery clean fuels project (CFP) to be built by a consortium of engineering companies. Samsung’s share...

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U.A.E.

Borealis expands XLPE capacity to meet cable and wire demand
Borealis will expand its crosslinked polyethylene (XLPE) production facilities at Stenungsund, Sweden, and as part of the ongoing Borouge 3 project in Abu Dhabi, the company has announced. The expansion is expected to help Borealis meet demand for polyolefin...

KBR awarded FEED contract to upgrade Jebel Ali refinery
KBR announced today that it has been awarded the front-end engineering design contract by Emirates National Oil Processing Co. (EPCL) for the upgrade of its condensate refinery in Jebel Ali, United Arab Emirates. The contract value has not been disclosed...

Borouge and DP World sign logistics contract
DP World (Dubai), a leading marine terminal operator and logistics provider, and Abu Dhabi Polymers Co. (Borouge), today announced the signing of a contract under which DP will support the distribution of Borouge’s products to export markets. The...

Dow Corning moves Mideast headquarters to Dubai
Dow Corning, a leader in silicones, says it has relocated its Mideast representative office from Manama, Bahrain, to Dubai. The Mideast offers great growth opportunities for Dow Corning across many markets, the company says. “We are committed to...

Bayer MaterialScience opens application and development laboratory in Dubai
Bayer MaterialScience (BMS) said today that it has inaugurated a new coatings, adhesives, and specialties laboratory at DuBiotech premises in Dubai, United Arab Emirates. This application and development lab will offer local customized technical support to...

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IRAN

EU lifts ban on petchem trade with Iran following nuclear deal
The European Union this week lifted a ban on trade in petrochemicals with Iran, as part of a preliminary agreement on Iran's nuclear program that was reached in November 2013. Iran agreed to curtail its nuclear activities starting on 20 January 2014, under...

GPCA 2013: Mideast in a period of transition
The Gulf Petrochemical and Chemical Association’s (GPCA; Dubai) annual forum, attended by more than 1,800 delegates, kicked off in Dubai today with networking and an industry seminar presented by IHS Chemical. Sanjay Sharma, managing director/Middle...

Iran stepping up methanol exports
Iran is looking to export more methanol capacity from its complexes, Petrochemical Commercial Co. (PCC; Tehran) says. PCC’s director, Ali Tahouri, tells CW that Iran’s main focus is on exporting to China and India. He was speaking to CW on the...

Iran's Ilam complex to start up; Moghaddam takes over from Bayat
Ilam Petrochemical Co. (Ilam, Iran), majority owned by Petrochemical Commercial Co. (PCC; Tehran), is expected to be commissioned in December raising significantly the polyethylene (PE) quantities that PCC will export in the future, Yusef Mosafer, planning...

Iran's ethylene pipeline to be completed by end of this year
Iran expects to commission the second and final leg of a 1,500-kilometer (km) ethylene pipeline, West Ethylene pipeline, in November this year. The pipeline connects Kavyan, an ethylene production complex at Assaluyeh, in the south of Iran, with several...

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QATAR

Honeywell to help improve operations at Qafac's methanol and MTBE plants in Qatar
Honeywell is to supply a new integrated control and safety system to Qatar Fuel Additives Co. (Qafac; Doha). The overhaul will help the Mesaieed, Qatar–based complex reduce operating costs and improve efficiencies in its methanol and methyl tert-butyl...

Muntajat signs contract with Milaha to transport petchems from Qatar
Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat; Doha) said today that it signed a two-year agreement with Qatar Navigation (Milaha; Doha) to transport petrochemicals from Qatar. The agreement covers the containerized exports of...

Muntajat opens five trading offices, plans to open many more
Muntajat BV (The Hague), the international marketing arm of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat; Doha) has opened five international marketing offices based in Amman, Melbourne, Cape Town, Kuala Lumpur, and Istanbul...

Industries Qatar reports lower earnings and revenues; petchem project due online end 2018
Industries Qatar (IQ; Doha), a producer of petrochemicals, fertilizers and steel, reported a 5.1% drop in net profit to 8 billion Qatari riyal ($2.2 billion) for full-year 2013. Ebitda was also 5.1% down at QR8.2 billion. Revenue in 2013 decreased 5.4% to...

Qatar and Korea form LED joint venture in Qatar
Qatar Intermediate Industries Co. (Alwaseeta; Doha), a subsidiary of Qatar Petroleum, has signed a joint venture agreement with the Qatar Korea LED Consortium (QKLC; Seoul) for the establishment of a manufacturing facility for light-emitting diode (LED)...

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OMAN

CB&I details Orpic's petchems project award in Oman
CB&I today detailed its contract award by Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat). CB&I’s contract, valued in excess of $40 million, covers the supply of ethylene and front end engineering and design (FEED) services for...

Oman selects CB&I for FEED and cracker technology, Engineers India for project management
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has selected CB&I to carry out front-end engineering and design (FEED) on its previously announced $3.6-billion Liwa Plastics Project (LPP). CB&I will also provide technology for the...

Octal to invest in downstream facility in Saudi Arabia
Octal Petrochemicals, a major producer of polyethylene terephthalate (PET) bottle resin at Salalah, Oman, has announced plans to set up a $20-million project in Saudi Arabia to manufacture PET cups and trays for dairy and poultry industries. The company says...

GCC petrochemicals set for export surge, GPCA says
The GCC petrochemical industry is set to record an increase in exports in 2014 due to the World Trade Organization’s (WTO) Bali Package, the Gulf Petrochemicals & Chemicals Association (GPCA; Dubai) said today. The Trade Facilitation Agreement...

BP and Oman sign major gas and acetic acid investment deal
The government of Oman and BP today signed a gas sales agreement and an amended production sharing agreement for the development of the Khazzan field, with BP as the operator. The full field development will involve a drilling program of about 300 wells over...

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