Saturday 10 December 2016
 
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GCC plastic processing to grow 3pc this year

The plastics processing industry in the GCC is expected to grow at a little over three per cent while total polymer demand is estimated to be just less than five million tonnes by the end of 2016,a report said. Compared with other parts of the Middle East the GCC has not been as

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Sumitomo completes CPV power plant in Morocco

Japan's Sumitomo Electric Industries (SEI) said it has completed the construction of a 1 MW concentrator photovoltaic (CPV) power generation plant in the Ouarzazate city in Morocco. This is the company's first megawatt-class CPV project. The completion coincided with the

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Apex International Energy awarded first blocks in Egypt

US-based Apex International Energy, an independent oil and gas exploration and production company, has been awarded two key blocks by Egyptian General Petroleum Company (EGPC) for exploration from their 2016 bid round. A company with key focus on Egypt, Apex said the Block 8 and

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Honeywell hosts fire, security symposium in Oman

Honeywell Home and Building Technologies (HBT) discussed the latest trends and technologies in the fire and security industry with leading consultants at a recent symposium held in Muscat, Oman. The Security and Fire Technology Symposium was held in line with government initiativ

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Equate Petrochemical outlines energy conservation strategy

Kuwait-based Equate Petrochemical Company discussed its key energy conservation strategies with the Ministry of Electricity & Water (MEW). An international joint venture, Equate’s shareholders include Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow

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$60 oil price to be dominant in 2017, says Lukoil

Over the next year, the price of $60 per barrel will be dominant, reported Russian News Agency TASS, citing a top official of Lukoil, Russia's leading oil company. "If we analyze the history of such operations, within six months – year oil prices will rise by 50 pe

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King Salman inaugurates mega-projects Sadara and Satorp

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has inaugurated the Sadara Chemical Company (Sadara) and the Saudi Aramco Total Refining and Petrochemical Co (Satorp).    The two projects are among the largest facilities in the refin

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Mubadala invites bids for Abu Dhabi island work

UAE-based Mubadala Development Company has invited expressions of interest (EOIs) from leading construction companies for key landscaping works as part of the Al Maryah Island Promenade Extension project. Al Maryah Island, an integrated mixed-use development spread over a 114-hectare a

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Nakilat takes over ops of LNG carrier Al Ghuwairiya

Nakilat, a Qatari LNG transport company, has assumed full ship management and operations of Q-Max LNG carrier Al Ghuwairiya from STASCo (Shell Trading and Shipping Company) with effect from December 1. This comes as part of the planned and phased transition announced on October 1

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Construction work at Oman refinery on track

The construction activities are in the advanced stage of completion at major units of Sohar refinery in Oman under a major revamp plan by Oman Oil Refineries and Petroleum Industries Company (Orpic), said a report. The work is likely to be completed by the end of 2016, reported t

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