Petrochemicals News

Saudi Kayan Signs Contracts For New PP And LDPE Plants
Saudi Arabia >> 2/5/2007 - SABIC affiliate,SAUDI KAYAN signed Letters of Award with two companies on January 24, 2007 for the construction of new Polypropylene (PP) and Low Density Polyethylene (LDPE) plants at its complex in A...
Product Markets and Refinery Operations - Jan 07
Austria >> 1/19/2007 - Unseasonably warm weatheracross the board adverselyaffected seasonal product demandand exerted further downwardpressure on product prices andrefinery margins in variousmarkets. With the continuation o...
Heritage Oil encounters hydrocarbons in Kingfisher-1A well in Uganda
Uganda >> 1/15/2007 - Heritage Oil Corporation announced that hydrocarbons in three zones totalling approximately 40 metres have been encountered in the Kingfisher-1A well in Block 3A, Uganda. As reported on November 6, 20...
9th Olefin Project Progresses Over 96.5%
Iran >> 1/15/2007 - Physical progress of 9th Olefin Project at Pars Special Economic Energy Zone, southern Iran, touched 96.61 percent mark by late December, said a report released by the Public Relations Dept. of Nation...
SABIC Forms Polystyrene Joint Venture with Baser Petrokimya of Turkey
Saudi Arabia >> 12/23/2006 - Saudi Basic Industries Corp. (SABIC) has formed a polystyrene joint venture with Baser Petrokemya of Turkey. SABIC will hold 70 percent of the new joint venture, with Baser holding the remaining 30 pe...
Product Markets and Refinery Operations - Dec 06
Austria >> 12/18/2006 - Unusually warm weather across the globe in November, along with higher crude costs, have overshadowed the positive impact of product stock draws and further undermined refinery margins across the boar...
KNPC to receive new refinery bids within a week
Kuwait >> 12/17/2006 - KNPC expects to receive international firms bids for 615.000 barrels per day refinery from a state tenders agency within a week.Eleven international companies arre bidding for building the new refiner...
Gasoline Production Deal at Isfahan Refinery to be Signed Soon
Iran >> 12/17/2006 - A contract on construction of a unit to produce gasoline at Isfahan Refinery will be signed within the next month, the managing director of the National Iranian Oil Refining and Distribution Company (...
Dammam7 Signs Two Agreements to Start New Butanol Plant
Saudi Arabia >> 12/9/2006 - The Dammam7 Petrochemical Company recently signed an agreement with two multinationals, Dow Chemical Company and Devy Technology, to start a new butanol plant accompanied by technology-transfer in the...
Fluor Corp. Wins $2.2 Billion Contract for Saudi Kayan Petrochemical Complex
Saudi Arabia >> 11/29/2006 - Fluor Corp. has been selected to provide engineering, procurement services and construction management for the utilities and offsite (U&O) facilities for Saudi Kayan's petrochemical complex in Al-Juba...
Saudi Aramco, Dow to Sign New Plant MOU Soon
Saudi Arabia >> 11/19/2006 - Saudi Aramco expects to sign an agreement with U.S. company Dow Chemical Co. for a $15 billion petrochemical plant at Ras Tanura in early 2007, an Aramco official said on Sunday. Aramco also expects t...
Product Markets and Refinery Operations - Nov 06
Austria >> 11/15/2006 - A combination of the refinery maintenance schedule with product stock-draws over the last few weeks has softened the bearish sentiment of the product markets but failed to lift therefinery margins in ...
Sabic and Exxonmobil Chemical to Study Petrochemical Expansion in Saudi Arabia
Saudi Arabia >> 11/5/2006 - Saudi Basic Industries Corporation (SABIC) and ExxonMobil Chemical announced that they have begun work on a feasibility study to define a potential project that would grow their two joint petrochemica...
Ethane, propane unit on stream in BIPC in Dec.
Iran >> 10/19/2006 - An ethane and propane production unit will come on stream in Bandar Imam Petrochemical Complex (BIPC) in December, the Public Relations Dept. of the National Petrochemical Company (NPC) reported. The ...
Product Markets and Refinery Operations - October 06
Austria >> 10/16/2006 - The end of the driving season, combined with steady distillate stock-building, has changed the product market sentiment significantly and exerted downward pressure on product prices and refinery margi...
Qatar Petroleum and ExxonMobil Chemical Sign HOA for Petrochemical Complex
Qatar >> 10/15/2006 - Qatar Petroleum and ExxonMobil Chemical Qatar Limited, a subsidiary of Exxon Mobil Corporation have signed a Heads of Agreement (HOA) to progress studies for a proposed $3 billion world-scale petroche...
Tehran Refinery turns out 8m lit. gasoline per day
Iran >> 9/23/2006 - Tehran Refinery offers a daily output of eight million liters of gasoline which is equivalent to 50,000 barrels crude, executive manager of Tehran Oil Refinery Company told IRNA. The nominal capacity ...
Riyadh Diesel Unit Means Cleaner Air
Saudi Arabia >> 9/16/2006 - Cleaner-burning diesel fuel means cleaner air, and the Diesel Hydrotreater Complex Project at Saudi Aramco's Riyadh Refinery will contribute to a significant decrease in diesel-fuel sulfur emissions i...
Product Markets and Refinery Operations - Sep 06
Austria >> 9/15/2006 - Product markts have continued to lose their earlier strength on slowing demand along with higher production and the end of the driving season, which changed product market sentiment significantly acro...
Big Leap Expected in Petrochemical Output
Iran >> 9/11/2006 - A senior Oil Ministry official said that the country’s total petrochemical production would increase to 21 from 13 million tons once the current projects come on stream. Asghar Ebrahimi-Asl, deputy oi...

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