Iran Plans to Increase Annual Propylene Output to 3 MM Tonnes
Iran’s propylene output is set to reach 3 million tonnes per annum after the completion of the country’s new projects, which will be finished by 2025.
Petrochemicals | Egypt Oil & Gas - Part 6
KBR, LTHE Sign MoU for Petrochemical Projects
KBR and LTHE have signed a memorandum of understanding (MoU) to collaborate on future petrochemical projects in India, South East Asia, the Middle East and Africa.
Aramco Completes Acquisition of 70% Stake in SABIC
Saudi Aramco, the world’s largest oil company, has announced the acquisition of a 70% stake in the petrochemical company Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF).
China to Shut Down Smaller Refineries, Build Giant Complex
China’s Shandong will go ahead with plans to shut down smaller, independent oil refineries with a combined capacity of 500,000 barrels per day (bbl/d) to make way for a giant complex that should aid economic recov ...
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.
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.
