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Kuwait (73)
KUWAIT Report: Kuwaiti cabinet suspends PIC officials pending K-Dow investigation
Senior officials of Petrochemical Industries Co. (PIC; Kuwait City, Kuwait), a subsidiary of Kuwait Petroleum Corp. (Kuwait City), are to be suspended pending an inquiry into the payment of $2.2 billion to Dow Chemical following a decision in an emergency... Dow awarded final $2.2 billion payment in K-Dow arbitration
The final resolution has been completed in the K-Dow arbitration between Dow Chemical and the Petrochemical Industries Company (PIC; Kuwait City, Kuwait), with Dow confirming today that it has received a direct cash payment of $2.2 billion from PIC. The money... Report: Kuwait's Olefins III project estimated to cost $8–9 billion
Kuwait’s previously announced Olefins III project is expected to require an investment of $8–9 billion, according to a report from state news agency Kuna. Preparations for implementation of the project at Al Zour are ongoing. State-run... GCC petchems capacity to rise by 50% by 2020
Petrochemicals and chemicals capacity in the Gulf Cooperation Council (GCC) states is forecast to reach 191.2 million m.t./year by 2020, a 50% increase from the 127.8 million m.t./year in 2012, according to the Gulf Petrochemicals & Chemicals Association... Equate selects Gulf Cryo for CO2 recovery project
Equate has signed a agreement with Gulf Cryo (Dubai) for Kuwait’s second carbon dioxide (CO2) recovery project. Gulf Cryo will obtain CO2 from Equate’s Al Shuʿaybah, Kuwait, manufacturing facilities to be used for industrial... More Stories »
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