IHS Chemical Week

Regions :: Middle East

Saudi Arabia (839)

Kuwait (104)

U.A.E. (206)

Iran (100)

Qatar (155)

Oman (93)


SAUDI ARABIA

Sabic and SK Global Chemical finalize Nexlene PE joint venture
Sabic and SK Global Chemical (Seoul) said on Sunday that they have finalized an agreement to form an equally owned joint venture, Sabic SK Nexlene (Singapore), which will build Nexlene polyethylene (PE) production facilities using SK’s metallocene...

Safco again delays commissioning of urea plant
Saudi Arabian Fertilizer Co. (Safco), a Sabic affiliate, on Monday said that its mechanically completed, world-scale urea plant is still undergoing trial runs. As a result, the company now expects to announce when the commercial operations are slated to begin...

Sipchem buys Kuwaiti investor out of acetyls affiliates
Sipchem (Al Jubail) on Wednesday announced that on 23 June it signed an agreement with Ikarus Petroleum (Shouweikh, Kuwait) to buy it out of two of Sipchem’s affiliates, International Acetyl Co. and International Vinyl Acetate Co., for an estimated...

Air Liquide starts up world-scale hydrogen complex in Saudi Arabia
Air Liquide has started up a world-scale hydrogen production complex at Yanbu, Saudi Arabia. The project was originally announced in 2010. With the startup of the complex's two production units, Air Liquide’s worldwide hydrogen production capacity...

Sadara in startup phase, Dow prepares to market output
Construction on the massive petchems and downstream complex of Sadara Chemical Co. is progressing on budget and schedule, Dow Chemical and Saudi Aramco, the joint venture partners say. “Sadara is a cornerstone of Dow’s strategy to leverage our...

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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.

Momentive opens logistics center in Dubai
Momentive Performance Materials on Sunday announced the inauguration of its MEA logistics center in Dubai. “Momentive continues its commitment to expanding our manufacturing and technology footprint by investing in high growth segments and regions...

Dubai commodities exchange introduces new PP futures contract, amends existing PP contract
The Dubai Gold and Commodities Exchange (DGCX) says that it will launch the Mini Dubai Polypropylene (PP) Futures contract and expand the existing Plastics Futures contract. The new and revised contracts will go live on 5 June. They will be cleared by the...

Borouge ramping up, ponders next phase under 2030 strategy
Borouge (Abu Dhabi), a 60-40 joint venture between Abu Dhabi National Oil Co. and Borealis (Vienna), has brought onstream all five polyolefin plants, which form part of Borouge 3, Abdulaziz Alhajri, CEO of Borouge, tells CW. He was speaking on the sidelines...

Grace completes first phase of FCC catalysts manufacturing plant in Mideast
W. R. Grace says that it has completed phase one of construction for the previously announced fluid catalytic cracking (FCC) catalysts manufacturing facility in the Mideast. The $150-million facility, which is a joint venture with Al Dahra Agriculture, is in...

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...

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IRAN

Iran to expand Kharg Island methanol capacity
Iran plans to expand capacity of its Kharg Island-based methanol plant under phase II of the development plan, local reports say. The complex is currently designed to produce 650,000 m.t./year and, following completion of phase II, its capacity will exceed 1...

Pars Petrochemical aims to restart styrene plant this month
Pars Petrochemical (Assaluyeh, Iran) plans to restart its styrene plant at Assaluyeh on 24–25 May after it was unexpectedly shut down due to a undisclosed mechanical fault, a company source says. The styrene plant, which has a design capacity of 600,000...

Iran confirms Indian interest in building urea plant
Mohammad Hassan Peyvandi, deputy managing director of the National Petrochemical Co., (NPC; Tehran), has told reporters that Indian companies have proposed building an ammonia-urea manufacturing complex in Iran. “Instead of importing natural gas and...

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...

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QATAR

Industries Qatar reports lower first-quarter net profit and revenue
Industries Qatar (Doha), a company listed on the Qatari stock exchange and which has shareholdings in some of the major local producers, including Qatar Petrochemical Co., Qatar Fertilizer Co., Qatar Fuel Additives Co., and Qatar Steel Co., has announced a...

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...

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OMAN

Orpic closes $905-million loan facility
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has closed a 350-million Omani rial ($905.3 million) syndicated corporate loan facility for the company's Mina Al Fahal, Oman, refinery site. The syndicated facility was arranged by BankMuscat...

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...

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