Oman Oil and Orpic Group and HSBC Bank Oman SAOG (HSBC Oman) have successfully executed the first blockchain trade finance transaction in Oman.

The Abu Dhabi Polymers Company (Borouge) has started constructing the fifth polypropylene unit (PP5) at the Borouge 3 plant in Ruwais.

Egypt's Sidi Kerir Petrochemicals Company (Sidpec) has obtained a license from W.R. Grace & Co. to use its UNIPOL PP Process Technology.

Sidi Kerir Petrochemicals Company (Sidpec) and UOP International signed a contract for establishing the new propylene factory at Sidpec.

The new propylene and polypropylene factories owned by Sidi Kerir Petrochemicals Company (Sidpec) will start production by 2022.

Kuwait’s Petrochemicals Industries Company (PIC) is planning to invest $8b into petrochemical projects in Bahrain and other countries over the next five years.