Petrochemicals
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India Inaugurates New Propylene Derivatives Petrochemicals Complex
Monday, 15th February 2021
The Indian Prime Minister, Shri Narendra Modi, has inaugurated the recent Propylene Derivatives Petrochemicals (PDPP) Complex at Kochi refinery in kerala governorate, built at a cost of ₹6,000 crore.
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Iraq’s Oil Ministry Signs MoU for Establishing Refinery in Dhi Qar
Monday, 25th January 2021
The Iraqi oil Ministry has signed a memorandum of understanding (MoU) for establishing a refinery in Dhi Qar governorate in order to raise the production capacity rates of petroleum products and fuels as well as improve the output.
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Methanex Egypt, the Egyptian Process Safety Management Steering Committee Launch the First Egyptian PSM Website
Sunday, 24th January 2021
Methanex Egypt announced today the launch of the Egyptian Process Safety Management (PSM) Steering Committee’s website – www.PSMEgypt.com. The website is the result of the collaboration between the Ministry of Petroleum and Mineral Resources and Methanex Egypt following the signing of a Memorandum of Understanding (MoU) in February 2020, enabling the creation of the Egyptian PSM Committee mandated to embed the culture of Process Safety Management (PSM) within the Egyptian oil, gas and petrochemicals sector, in alignment with the ministry’s Modernization Program and international best practices, guidelines and standards.
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Natural Gas-Based Industries to Operate in Free Zones
Monday, 2nd November 2020
The House of Representatives gives the final approval on amending Article 34 of the Investment Law No. 72 for 2017 allowing the licensing of natural gas-based industry projects, especially fertilizers and petrochemicals, to work under the free zones systems.
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Iraq to Proceed with Nebras Petrochemical Project
Tuesday, 1st September 2020
Iraq’s oil minister, Ahsan Ismail, reiterated the country’s willingness to progress with the implementation of the Nebras project to strengthen Iraq as a global player in the petrochemicals market.
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Enppi Completes Desulfurization Facility in Arabian Gulf Region
Sunday, 5th July 2020
Enppi has successfully completed the desulfurization facility in the Arab Gulf region, which aims to produce 435 million barrels per day (mmbbl/d) of sulfur-free water for wells’ injection.
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BP Sells Petrochemical Business for $5 B
Monday, 29th June 2020
British Petroleum (BP) has announced the sale of its global petrochemicals business to INEOS for $5 billion as part of BP’s strategic reinvention.
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South Pars Exports 4.4 MM Tonnes of Oil
Monday, 29th June 2020
Pars Special Economic Energy Zone (PSEEZ) exported a total of 4.4 million tonnes of oil products from March to June.
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OQ Establishes New Alternative Energy Business Stream
Wednesday, 24th June 2020
OQ, Oman’s state-owned integrated energy and petrochemicals powerhouse, has established a new business stream focused on investments in renewable and alternative energy resources.
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Iran to Produce Three New Butane Items in Mahshahr
Wednesday, 24th June 2020
The first petrochemical project in Mahshahr, in Southwestern Iran, is nearing its conclusion for the butane chain that will produce three new items.
Latest News
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El Molla Showcases Ramallah Visit Results Before Cabinet
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Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
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Hungary Considers Importing Natural Gas from Egypt
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Egypt, Palestine to Develop Gaza Gas Field
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021