Petrochemicals News

NPC to Raise Polymer Production Capacity to 12 Mt
Iran >> 12/1/2012 - Production capacity of polymer products will hit 12 million tons at the end of Iranian calendar year 1395, 20 March 2016. ...
ESP Receives 1st International Order for South America
United States >> 11/29/2012 - ESP Resources, Inc, an oil and gas services company, announced that it has signed an exclusive agreement with Tecprosol International, C.A. for the supply of petrochemicals to oil & gas operators in S...
Sadara Signs Jubail Land Lease Agreement
Sadara Signs Jubail Land Lease Agreement Saudi Arabia >> 11/21/2012 - The Sadara Chemical Company and the Royal Commission for Jubail have signed Nov. 13 a land lease agreement for building a world-class integrated chemicals complex in Jubail Industrial City 2. ...
Zuari to Set up $800 mln Fertilizer Plant in the UAE
United Arab Emirates >> 11/19/2012 - Fertilizer maker Zuari Industries has signed a memorandum of understanding to set up an $800 million manufacturing facility in the United Arab Emirates. The plant in Ras al Khaimah will produce one mi...
Sipchem Announces the Groundbreaking of EVA Films Project
Sipchem Announces the Groundbreaking of EVA Films Project Saudi Arabia >> 11/14/2012 - Saudi International Petrochemical Company (Sipchem) announces the groundbreaking of its Ethyl Vinyl Acetate (EVA) films project in Hail Industrial City under the patronage of His Royal Highness Prince...
Jazan Project Contracts Signing
Jazan Project Contracts Signing Saudi Arabia >> 11/14/2012 - Under the patronage of HRH Prince Muhammad ibn Nasser ibn Abdulaziz, Amir of the Jazan Area, a ceremony was held November 14, 2012, to sign the construction and procurements contracts of the Jazan Ref...
SABIC & Shell Progress on Plans for Expansion at Sadaf JV
SABIC & Shell Progress on Plans for Expansion at Sadaf JV Saudi Arabia >> 11/12/2012 - Saudi Basic Industries Corporation (SABIC) and Shell announced that they are progressing plans for the expansion of various projects at the Saudi Petrochemical Company (Sadaf). The joint venture partn...
Longwei Signs Sales Agreements with Huajie Customers
China >> 10/29/2012 - Longwei Petroleum Investment Holding Ltd., an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China ("PRC"), announced it has signed p...
Contract Awarded for Oman Salalah Petrochemicals Project
Oman >> 10/21/2012 - Salalah Free Zone (SFZ) is rapidly acquiring the trappings of a major petrochemicals hub with construction due to commence early next year on yet another world-scale project. The caustic soda and ethy...
Oman Industry is Flowing Downstream
Oman >> 10/18/2012 - Stepping up efforts to capitalise on its hydrocarbons wealth, Oman is boosting its downstream industrial capacity by expanding the petrochemicals sector and providing the fuel stocks needed to power o...
Iran NPC Plans to Focus on Production of New Grades
Iran >> 10/14/2012 - Managing director of National Petrochemical Company (NPC) says the company plans to produce various grades of petrochemicals. ...
NOVATEK Signs 1st Marketing Agreement for Ust-Luga
NOVATEK Signs 1st Marketing Agreement for Ust-Luga Russia >> 10/11/2012 - OAO NOVATEK, announced the conclusion of an agreement with Braskem (Brazilian petrochemical company) for supplying up to one million tons of naphtha produced at the Ust-Luga Transhipment and Gas Fract...
MENA Refinery & Petrochemical Technology Summit 2012
Qatar >> 10/8/2012 - The worldwide oil refining industry currently faces strong challenges related to uncertainties about future feedstock and characteristics of oil products. Refiners are faced with a dynamic business en...
Dow & Sadara Announce Marketing and Sales Agreement
Dow & Sadara Announce Marketing and Sales Agreement Saudi Arabia >> 10/8/2012 - The Dow Chemical Company announced that an agreement is in place through which the Company will market and sell the majority of products produced by Sadara Chemical Company (Sadara), Dow’s joint ventu...
EGPC Signed an Agreement to Import Petroleum Products
EGPC Signed an Agreement to Import Petroleum Products Egypt >> 10/3/2012 - The Egyptian General Petroleum Corporation and the International Islamic Trade Finance Corporation of the Islamic Development Bank (IDB) signed a Murabaha agreement (an agreement that means resale wit...
BP to Sell Malaysian PTA Interests to India’s Reliance
BP to Sell Malaysian PTA Interests to India’s Reliance Malaysia >> 9/28/2012 - BP announced that it has agreed to sell all its interests in purified terephthalic acid (PTA) production in Malaysia to Reliance Global Holdings Pte. Ltd. (Reliance). The agreement concerns BP’s 100 p...
NPC to Issue 6 Trillion Rials of Bonds
Iran >> 9/23/2012 -  National Petrochemical Company (NPC) will issue 6 trillion rials denominated bonds during this year’s fall to develop petrochemical industry, managing director of the company said. ...
Kurdistan Seals Oil Products Deal with Baghdad
Iraq >> 9/20/2012 - Iraq's autonomous Kurdistan said it would receive 147,000 barrels of oil products per day, as part of a deal concluded with Baghdad to end a dispute over oil payments. ...
Iranian Petrochemical Production Capacity Rises
Iran >> 9/17/2012 - Manager of production at National Petrochemical Company (NPC) says petrochemicals production capacity has risen by 28 million tons during the 9th and 10th administrations, headed by president Ahmadine...
Veteran Iraqi Oilmen Help Build up Kurdish Refinery
Iraq >> 9/5/2012 - Fed up with the daily violence of Baghdad, veteran Iraqi oilmen have moved north to autonomous Kurdistan to help build a strategic refinery that will meet the region's need for fuel. ...

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