Gulf Oil and Gas accountACCOUNT

EQUATE Supported Kuwait Downstream Industry

Source: www.gulfoilandgas.com 4/10/2012, Location: Middle East

Share |
EQUATE Petrochemical Company said that its annual sales to local Kuwaiti plastic manufacturers have increased by over 300% during 1998 to 2011. During “EQUATE’s Annual Local Customers Gathering,” EQUATE President & CEO Mohammad Husain said “Local customers have EQUATE’s unwavering commitment and dedication to ensure the success of their endeavors to reflect EQUATE’s tagline of ‘Partners in Success’.”

Husain noted, “The plastic conversion industry is projected to have great prospects if it is positioned properly within the value-chain and optimized its operations to be more export oriented.” On his part, Polyethylene Business Director Muayad Al-Faresi said, “Throughout 1998 to 2011, the volume of local sales has increased from 11,000 Metric Tons Annually (MTA) to over 40,000 MTA in 2011 with a value of over USD 30 million,” lauding the overall cooperation and business growth with local customers.

Al-Faresi stressed, “As you play a critical role in Kuwait’s overall sustainability and industrial growth, EQUATE has special interest in local customers through extending all necessary support to ensure the development of Kuwaiti downstream industries for an even brighter future and sustainable growth.”

As part of the event, EQUATE presented attendees with a market overview of the petrochemical industry’s, trends and developments. Hosting over 30 local customers, the gathering was also attended by senior members of EQUATE management.

Established in 1995, EQUATE is an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Commencing production in 1997, EQUATE is the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe

Polyethylene >>

Polyethylene News in Kuwait >>

Iraq >>  5/14/2018 - KBR, Inc. has been awarded a contract by Basra Oil Company (BOC) for the development of the Majnoon Oil Field in Basra, Iraq. Under the terms of the c...
United Arab Emirates >>  5/14/2018 - The Abu Dhabi National Oil Company (ADNOC) has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene (...

United Arab Emirates >>  5/13/2018 - The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to ...
Saudi Arabia >>  5/5/2018 - Saudi Aramco has further expanded its In-Kingdom Total Value Add (IKTVA) program and strengthened its relationship with local industry players by awar...

Saudi Arabia >>  4/30/2018 - KBR, Inc. has been awarded a contract by Saudi Arabian Oil Company (Saudi Aramco) and SABIC as the second Project Management Contractor (PMC) to provi...
Saudi Arabia >>  4/30/2018 - Rowan Companies plc expects that four of its idle jack-ups will be leased to ARO Drilling to fulfill four three-year contracts that ARO Drilling has b...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Kuwait >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.