Petrochemicals News

King to Launch 20 Projects Worth SR81 Billion in Jubail
Saudi Arabia >> 6/11/2006 - Custodian of the Two Holy Mosques King Abdullah is set to launch around 20 industrial and infrastructure projects worth more than SR81 billion at Jubail Industrial City today, Prince Saud ibn Abdullah...
Iran to build new refinery
Iran >> 6/1/2006 - Iran is set to build a 120,000 barrel-per-day (bpd) refinery by 2009 to process its low-quality sour Sorush and Noruz crude as the OPEC member works to double refining capacity by 2011, an Iranian off...
Establishment of Saudi Kayan Petrochemichal Company
Saudi Arabia >> 5/1/2006 - Mohamed Al-Mady, Vice Chairman and CEO of Saudi Basic Industries Corporation (SABIC), announced that SABIC is a strategic partner in the formation of the Saudi Kayan Petrochemical Company. This follow...
Aramco Signs Contract With Egyptian Company for Yanbu' Gas Project
Saudi Arabia >> 4/25/2006 - Saudi Aramco and the Egyptian company Engineering for Petroleum and Process Industries (ENPPI) recently signed contract to further expand Saudi Aramco's growing feedstock supply for the petrochemical ...
Egypt & Kuwait Discuss Joint Cooperation in Fields of Gas, Petrochemicals and Petroleum
Egypt >> 4/19/2006 - Egyptian Minister of Petroleum and his Kuwaiti Counterpart discussed joint cooperation facets between Egypt and Kuwait in the fields of gas, petrochemicals and petroleum, in addition to reviewing the ...
Arak Petrochemical Complex's Product Value Up 59%
Iran >> 4/18/2006 - Arak Petrochemical Complex (APC) experienced a 59% increase in product value last year noting 31% and 28% price growth in domestic and foreign markets respectively, Hassan Rajabi said here Monday. Ove...
Oil Ministry to develop 28 petrochemical plants
Iran >> 4/17/2006 - The Oil Ministry has on its agenda the construction of three refineries for oil and gas condensates as well as refurbishing a number of other refineries as a result of which the issue of gasoline shor...
Sipchem Awards Construction Contracts for the Acetyl Complex
Saudi Arabia >> 4/4/2006 - Saudi International Petrochemicals Company (Sipchem) has awarded to Fluor Canada a contract for the construction of an Acetic Acid plant with an annual production capacity of 460 thousand tons, a Viny...
CNOOC and Shell Petrochemicals Complex Holds Start-up Ceremony
China >> 3/31/2006 - The CNOOC and Shell Petrochemicals Company Limited (CSPC), 50 per cent owned by Shell Nanhai BV, a member of the Shell Group, marked the successful start of operations of its new $4.3 billion petroche...
Shell Acquisition to More Than Double Its Bitumen Business in China
China >> 3/7/2006 - Shell China Holdings B.V. has signed an agreement to acquire Koch Materials China (Hong Kong) Limited (KMC), which is involved in the manufacture and marketing of bitumen in China. The deal will more ...
PETRORabigh Signs Financing Accords
Saudi Arabia >> 3/2/2006 - PETRORabigh, a joint venture between Saudi Aramco and Sumitomo Chemical signed financing agreements with Japan Bank for International Cooperation (JBIC), Public Investment Fund of Saudi Arabia (PIF) a...
One Billion USD for 2 New Petrochemical Projects in Egypt
Egypt >> 2/14/2006 - The ministry of Petroleum will start carrying out 2 large projects for petrochemicals with investment from the Egyptian private sector and Canada. The projects will produce 1.65 million ton of Methano...
OCI & Sonatrach to Co-invest in Fertilizer Project in Algeria
Algeria >> 2/8/2006 - Orascom Construction Industries (OCI) has signed an initial agreement with the Algerian state-owned oil & gas company Sonatrach for the establishment of a one million ton per year greenfield ammonia/u...
TPC to Offer 850,000 Tons of Co-Polymers in Two Years
Iran >> 2/6/2006 - Tabriz Petrochemical Complex (TPC) annual production capacity is to reach 850,000 tons within two years upon completion of new plans of which some are underway, executive director of the complex Sadri...
Saudi Arabia: Zamil Group and Huntsman Company Sign SR500 million JV Agreement
Saudi Arabia >> 1/22/2006 - Zamil Group and the Huntsman Corporation of USA announced their intention to form a joint venture to build a world scale Ethyleneamines manufacturing facility in Jubail Industrial City, Saudi Arabia, ...
Product Markets and Refinery Operations - Jan 06
Austria >> 1/20/2006 - Crude oil prices drifted lower on forecasts of mild weather in January in the Northern Hemisphere, while product prices retained more of their value due mainly to strong distillate prices on the back...
CNOOC and Shell Nanhai Petrochemicals Complex Moves Into Start-up Phase
China >> 12/30/2005 - CNOOC and Shell Petrochemicals Company Limited (CSPC) announced that construction of its world-scale petrochemicals complex at Daya Bay, Guangdong, is complete and final preparations are being made fo...
OPEC Downstream Capacity Plans
Austria >> 12/26/2005 - The market volatility witnessed in recent months has been, to a large extent, the result of imbalance between the available refining capacity and the demand for petroleum products. Until the necessary...
Iran’s First Polycarbonate Unit to come on Stream by Early 2006
Iran >> 12/24/2005 - The Polycarbonate Unit of Khuzestan Petrochemical Complex, the first polycarbonate unit in the country, will come on stream by the end of the current Iranian year, falling on March 19, 2006, Masud Jam...

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