Friday 28 November 2014
 
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petchem

Gulf petchem production hits new high

Despite challenges, the petrochemical and chemical production in the Gulf region surged to more than 140 million metric tonnes (MT) during 2013, said an industry expert. "The global sales revenue of petrochemicals and chemica

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Iran eyes $70bn investment in petchem sector

Iran has drafted a 10-year plan to attract $70 billion in investments into its petrochemical sector and an investment fund will be set up in this regard, a senior official has said. Deputy Minister of Oil Abbas She'ri Moqaddam

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Sadara petchem project to be operational in 2015

Saudi Aramco, the world's biggest oil producer, said work on Sadara petrochemical company, its joint venture with Dow Chemical Company in Jubail industrial area, is progressing well and the complex would be operational next year.

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Sadara petchem project to be operational in 2015

Saudi Aramco, the world's biggest oil producer, said work on Sadara petrochemical company, its joint venture with Dow Chemical Company in Jubail industrial area, is progressing well and the complex would be operational next year.

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Saudi Aramco, Thai PTT plan $22bn Vietnam complex

Thai energy company PTT has joined with Saudi Aramco, the world's biggest oil producer, to submit a proposal to the Vietnamese government to build a $22-billion refinery and petrochemical complex in Vietnam, a senior PTT official said.

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Advanced Petrochemical seeks shareholder nod for sukuk

Saudi Arabia's Advanced Petrochemical Company will seek shareholder approval next week to issue a sukuk, helping it widen its funding sources, the company said in a bourse filing. The firm will hold a general meeting on Septem

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Petchem prices 'may rise in next 3 years'

The global outlook for petrochemical demand over the next three years is positive and there is room for prices to rise, the chief executive of Saudi Basic Industries Corp (Sabic) said on Sunday.

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Sipchem Q2 net profit jumps 41pc

Saudi International Petrochemical Co (Sipchem) beat analysts' forecasts with rises in profit margins and sales on Sunday as second-quarter net profit jumped 41 per cent. Sipchem made a profit of 244.6 million riyals ($65.3 mil

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No change in Sipchem growth plans: CEO

Saudi International Petrochemical Co (Sipchem) said its performance and growth plans remain on track despite the recent decision to end merger talks with Sahara Petrochemical. The duo said on Sunday they had decided to postpone me

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Aramco to invest $100bn in downstream

Oil giant Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in the next 25 years. "Globally, these investments will exceed $100 billion ov

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