Petrochemicals News

BP Agrees Sale of Petrochemicals Business to INEOS for $9 Billion
United Kingdom >> 10/7/2005 - BP announced that it is to sell Innovene, its olefins, derivatives and refining group, to UK-based INEOS. The $9 billion cash sale, subject to regulatory approvals, includes all Innovene’s manufacturi...
Petrochemicals in the Middle East and Saudi Arabia
Saudi Arabia >> 9/26/2005 - According to Mohamed Al Mady, Vice Chairman & CEO, SABIC, petrochemical development in the Middle East, particularly the Gulf Cooperating Council or GCC countries is clearly accelerating. These countr...
Transformation Ahead for Yanbu' Refinery
Saudi Arabia >> 9/21/2005 - In December, Yanbu' Refinery will complete its 35-day Total Refinery Shutdown. After that, three new facilities will be tied into the refinery and major modifications will enable the refinery to add 2...
SABIC Concludes Contract With Aker Kvaerner And SINOPEC Joint Venture
Saudi Arabia >> 9/15/2005 - Saudi Basic Industries Corporation (SABIC) concluded a contract with Aker Kvaerner and China Petrochemical Corporation (SINOPEC) Joint Venture for the engineering, procurement and construction of its ...
Petronas Steps Up Petroleum Investments In Sudan
Sudan >> 8/30/2005 - Petronas has further enhanced and strengthened its presence in Sudan by entering into the downstream refining business, reinforcing its commitment to provide a mutually beneficial contribution to the ...
Refineries to Play Major Role in Oil Pricing
Austria >> 8/30/2005 - Nowadays, economic growth is bonded with the oil industry through petroleum refineries and petrochemical plants. Since this bond recently become a usual headline for debates, it is crucial to the oil ...
Successful Startup of Final Plant at Integrated Petrochemicals Complex in China
China >> 8/30/2005 - Fluor Corporation announced that its client, BASF-YPC Co. Ltd., has achieved successful startup of the final plant at a major integrated petrochemicals complex in Nanjing , China. Startup of the plant...
SABIC Selects Aker Kvaerner for Ibn Zahr Polypropylene III Expansion Project In Saudi Arabia
SABIC Selects Aker Kvaerner for Ibn Zahr Polypropylene III Expansion Project In Saudi Arabia Saudi Arabia >> 8/15/2005 - Ibn Zahr, Saudi European Petrochemical Company (an affiliate of Saudi Basic Industries Corporation - SABIC) has signed a letter of intent with Aker Kvaerner for the provision of program management ser...
9 Refineries Operating Above Capacity To Meet Domestic Needs
Iran >> 8/1/2005 - Nine refineries in Iran have been operating 30 percent above nominal capacity over the past eight years to meet domestic needs for oil derivatives. Director of the Refining Department at National Oil ...
Providing new oil supplies for consumers
Angola >> 7/24/2005 - While the issues of price and supply adequacy have been front and center with the public, the oil industry continues efforts to add to world supplies. One project in which ExxonMobil is involved illus...
LG International to set up $1 billion Joint Venture with Omani firms
Oman >> 7/19/2005 - LG International Corp., the trading arm of South Korean conglomerate LG Group, said Monday it decided to set up an aromatics joint venture with two Oman oil companies. LG International will invest US$...
8 international firms submit bids for KNPC's new oil refinery
Kuwait >> 7/17/2005 - Eight international companies have submitted bids in response to a tender floated by the Kuwait National Petroleum Company (KNPC) to build a new oil refinery reports Al-Seyassah quoting an official oi...
Oil Shortage sees Indonesia Plan for New Refinery
Indonesia >> 7/12/2005 - President Susilo Bambang Yudhoyono said the government will build a new oil refinery in Tuban to cope with the growing shortage in oil fuel in the country. There have been 17 licenses issued for oil r...
Saudi Arabia: Aramco in China deal
Saudi Arabia >> 7/11/2005 - Exxon Mobil, Saudi Aramco and top Asian refiner Sinopec have signed a $3.5 billion deal to expand a refinery in south China, sealing what they called the country's largest oil project.The deal gives E...
Kuwait to build new oil refinery with low sulphuric fuel
Kuwait >> 6/27/2005 - The Kuwait National Petroleum Company (KNPC) announced on Sunday it would build a new oil refinery with low sulphuric fuel for water and power generating stations, Kuwait News Agency reported. The com...
Mubadala Development and Shell sign MOU to form strategic alliance
United Arab Emirates >> 6/13/2005 - HH General Sheikh Mohammed bin Zayed Al Nahyan attended today a ceremony held at his palace to sign a Memorandum of Understanding (MOU) between Mubadala Development Company, a wholly-owned investment ...
SABIC (AR-RAZI 5) Project Awarded to Mitsubishi heavy industries
Saudi Arabia >> 6/6/2005 - SABIC affiliate, The Saudi Methanol Company (AR-RAZI) in Jubail Industrial City, has awarded the ‘AR-RAZI 5’ project contract, which includes engineering and construction, to Mitsubishi Heavy Industri...
Big Lift a Big Step at Yanbu'
Saudi Arabia >> 6/4/2005 - YANBU', June 02, 2005 -- The Yanbu' Refinery skyline changed forever recently when a 265-ton, 50-meter reactor was lifted on to its foundation. The structure will grow to 73 meters when seven stacke...
HRH Governor of Medinah Launches New Acetic Acid Technology at Ibn Rushd Complex in Yanbu
Saudi Arabia >> 5/25/2005 - His Royal Highness Prince Mogran Ibn Abdulaziz Al Saud, Governor, Medinah District, launched break through SABIC developed acetic acid technology. HRH inaugurated the new technology plant at IBN RUSHD...
Oman Oil Company to Construct US$ 956 million Aromatics Complex in Oman
Oman >> 5/7/2005 - Oman Oil Company S.A.O.C. (OOC) announced its plans to construct a US$ 956 million grass-root Aromatics Complex in the Sohar Industrial Port Area. The Basic Engineering Contract was awarded to Axens a...

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