Petrochemicals News

3rd Sulfur Train Completed at Riyadh
Saudi Arabia >> 12/17/2005 - Sulfur Recovery Unit Train 3, completed by the Central Region Projects Division of the Central and Western Regions Projects Department under a separate project from Trains 1 and 2, was commissioned at...
Product Markets and Refinery Operations - Dec 05
Austria >> 12/16/2005 - A relatively mild weather, along with higher imports and refinery runs, caused contra-seasonal middle distillate stock-builds in the USA and resulted in a further drop in the prices of various product...
CMA Approves Initial Public Offering of 35% of YANSAB
Saudi Arabia >> 12/7/2005 - The Saudi Arabian Capital Market Authority (CMA) has given approval for the initial public offering of 35% of shares in SABIC affiliate Yanbu National Petrochemicals Company (YANSAB) on the Saudi mark...
FW Wins Contracts for Upgrade of Mombasa Refinery and Products Import Terminal in Kenya
Kenya >> 12/1/2005 - Foster Wheeler Ltd. announced that its UK subsidiary Foster Wheeler Energy Limited has been awarded a contract by Kenya Petroleum Refineries Limited (KPRL) to prepare the basis of design (BOD) for the...
Aromatics Oman set to sign EPC contract
Oman >> 11/20/2005 - Aromatics Oman — the $1.1 billion-world-class green field petrochemical complex planned in Sohar Industrial Area — is expected to sign an engineering, procurement and construction (EPC) contract and f...
Product Markets and Refinery Operations
Austria >> 11/16/2005 - Positive developments in the US refining industry and natural gas output, combined with the resolution of a strike at Europe’s biggest refinery and slowing Asian demand over the last couple of weeks, ...
Al-Zour Refinery to Boost Jobs; Venture with no foreign investor
Kuwait >> 11/14/2005 - The Kuwait National Petroleum Company announced last week it is building a new refinery with an overall capacity of 615,000 barrels per day, the largest to be built so far in Kuwait, to join other wor...
Five Petrochemical Projects on WEP Route to Begin by Yearend
Iran >> 11/14/2005 - Implementation of five petrochemical plants on West Ethylene Pipeline (WEP) route is to start by yearend. The go-ahead was given by the Majlis and cabinet. The site selection studies are underway, exe...
Tehran, Jakarta to Build Oil Refinery in Indonesia
Indonesia >> 11/12/2005 - A subsidiary of the Indonesian state-owned oil and gas company PT Pertamina in cooperation with an Iranian oil enterprise will build an oil refinery in Indonesia, Persian service of ISNA reported. The...
U.S. Refinery Output has Risen 27% in 25 years despite halving the number of refineries
United States >> 11/10/2005 - Gasoline prices and hurricanes have stimulated much discussion about the U.S. refining industry's ability to meet America's growing demand for gasoline and other fuels. Let's consider the facts. To st...
New Refinery Project Will be the Largest by the KNPC
Kuwait >> 11/9/2005 - The Assistant CEO of the Kuwait National Petroleum Company (KNPC), Hatem Al-Awadhi said that the new refinery project would be the largest in the company's history and among the largest in the world, ...
Russia’s Stroytransgaz mulls $2b oil refinery in Syria
Syria >> 11/8/2005 - Russian company Stroytransgaz has proposed constructing an oil refinery and petrochemicals plant in Syria at an estimated cost of $2 billion, Syrian oil minister Ibrahim Haddad said. Haddad said that ...
Motiva Enterprises LLC Selects KBR to Participate in Design of Major Refinery
United States >> 11/7/2005 - Motiva Enterprises LLC, a joint venture between Shell Oil Company and Saudi Refining Inc, has selected KBR to provide conceptualization, planning and early design services for a major refinery expansi...
New 350 Million USD Ammonia Project
Egypt >> 10/27/2005 - During the next period, a large industrial project will be constructed with investment exceedind 350 million USD to produce Ammonia. The plant will be located on 260 thousands square meters in the ind...
Ras Tanura Refinery Marks 60 Years
Saudi Arabia >> 10/26/2005 - Sixty years ago, Ras Tanura Refinery went online, replacing a 3,000 barrel per day "tea kettle" refinery built just a few years before. That refinery, with a capacity of 50,000 barrels per day (bpd), ...
IPIC and OMV finalise deal to buy 50% of Borealis
United Arab Emirates >> 10/24/2005 - The Abu Dhabi-based International Petroleum Investment Company (IPIC) and OMV, Central Europe's leading oil and gas group, have finalised the purchase of 50 per cent of Borealis in a deal worth 920 mi...
Saudi Arabia Evolves into a Global Petrochemicals Hub
Saudi Arabia >> 10/24/2005 - Capital investment in hydrocarbon sub-sectors in Saudi Arabia is slated to reach $94.4 billion in the years 2004-2009 according to Dr. Abdulwahab AlSadoun, the Director General of the Energy Sector at...
Product Markets and Refinery Operations - Oct 05
Austria >> 10/17/2005 - Sharp refinery outages in the USA as a result of hurricanes Katrina and Rita, along with the falling natural gas output in the US Gulf Coast and fear of a product shortage in the winter season, hav...
Egypt, Gulf Investors Plan $1 bln Egypt Refinery
Egypt >> 10/10/2005 - A group including Egyptian, Saudi Arabian and Kuwaiti investors plans to build a refinery in Egypt worth more than $1 billion and with capacity to process 130,000 barrels per day of oil, an executive ...
SABIC Dismisses Story That it Will Buy Egyption Sidi Krier Shares
Egypt >> 10/8/2005 - SABIC reaffirmed that it will not enter into competition to buyout 60% of Egyptian Sidi Krier Petrochemicals Company’s shares. SABIC dismisses news recently published under the title: “SABIC competes ...

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