New Petrochemical Projects with Investments of $19 B
Petrochemical Industry to expand with 11 new projects with a total investments estimated at $19 billion, including two giant refining and petrochemical complexes at the Suez Canal economic zone.
Petrochemicals | Egypt Oil & Gas - Part 5
Cabinet Approves Licensing of Natural Gas-Based Industries
The Cabinet approved the General Authority For Investment And Free Zones’ (GAFI) proposal to allow licensing of projects of natural gas-based industries to work according to Free Zones regulations.
Petropars Signs MoU with NIDC
Petropars Group and the National Iranian Drilling Company (NIDC) have signed a memorandum of understanding on May 5 for future cooperation on oil and gas projects.
Ethydco To Establish Ploybutadiene Project Worth $180 Million
The CEO of Ethydco Company, Abdel Mageed Heagazy, said that his company is planning to establish the first project in Egypt to produce polybutadiene with investment costs $180 million.
Saudi Arabia to Build Two Chemical Production Plants Worth $1.8 Billion
Saudi Arabia’s petrochemical company has agreed with SK Gas Petrochemical to build a propane dehydrogenation and propylene facility in Saudi Arabia for a combined fee of $1.8 billion.
El Sisi Urges Modernizing Petrochemicals Industry
The President Abdel Fattah El Sisi, has stressed on continuing the modernization of the oil and gas sector through developing the petrochemicals industry to cope up with the international market variables.
Jordan’s Maan Refinery to Commence Production in 2024
Jordan’s Maan refinery is anticipated to commence production in H2 2024. The project is a joint investment of Jordanian, Kuwaiti and American investors.
ATC Succeeds in Selling its First LNG Cargo
Aramco Trading Company, Saudi Aramco’s trading subsidiary, sold a liquefied natural gas (LNG) cargo to South Korea's S-Oil Corporation.
Borouge Establishes Marketing Company in Egypt
Borouge company announced that it has established a new marketing company in Egypt to support its MENA growth strategy through meeting the customer requirements in the region.
Aramco, ADNOC to Build Indian Refinery Worth $70 B
The refinery is estimated to produce 1.2 million barrels per day (b/d) on the coast of the western state of Maharashtra at Roha in the Raigad district, about 100 kilometers (60 miles) south of Mumbai.
