Petrochemicals | Egypt Oil & Gas - Part 6
BP Sells Petrochemical Business for $5 B
BP has announced the sale of its global petrochemicals business to INEOS for $5 billion as part of BP’s strategic reinvention, according to a press release. The agreed sale represents the next strategic step in reinve...
South Pars Exports 4.4 MM Tonnes of Oil
Pars Special Economic Energy Zone (PSEEZ) exported a total of 4.4 million tonnes of oil products from March to June, according to FarsNews Agency. The export of oil products generated $1.09 billion over the three mon...
OQ Establishes New Alternative Energy Business Stream
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, according to The Oman Observer. The i...
Iran to Produce Three New Butane Items in Mahshahr
The first petrochemical project for the butane chain in Mahshahr, in Southwestern Iran, is nearing its conclusion to produce three new items, according to Shana. Once operational, the petrochemical plant in Mahshahr w...
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, according to NIPNA. There is a national deficit regarding Propylen...
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, according to a press release. Under the terms of the ...
Aramco Completes Acquisition of 70% Stake in SABIC
Saudi Aramco, the world’s largest oil company, has announced its completion of the 70% stake acquisition in the petrochemical company Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), a...
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 recovery ... 
