Home / Petrochemicals Middle East

February 1st, 2016

Issues:

3rd GPCA Innovation Summit kicks off in Dubai

Two-day event will focus on the role of innovation in region's petrochemical industry
 

Aramco raises propane, butane prices for March

Monthly contract rates were set at $290 per tonne for propane and $320 for butane
 

UAE cuts gasoline, raises diesel prices

One litre of Octane 95 gasoline will fall to AED1.36, while diesel will rise to AED1.40
 

Industries Qatar plans ethane expansion project

Company looking to utilise available ethane as feedstock for petrochemical production
 

$1bn petrochemicals firm lists on Iran's bourse

Firm is the biggest listing in the country in recent years and one of the first since sanctions were lifted last month
 

Kuwait said to mull raising petrol prices by 83%

Suggestion was made during a government meeting discussing electricity and fuel subsidies reforms
 

Aramco invites bids for $2bn clean fuels project

Project will provide Aramco with cleaner gasoline and diesel for domestic consumption and export
 

Sadara highlights environmental efforts

Company CEO spoke at PetroEnvironment which took place on 22-24 February in Dammam, Saudi Arabia
 

BCG Middle East makes new appointment

Mirko Rubeis has been named partner and managing director of Boston Consultancy Group (BCG) Middle East's energy practice
 

Scottish firm OilMac Secures $20mn deal

Deal has been signed with undisclosed international drilling contractor
 

Petrochemical oil demand to grow by 3% until 2021

Oil consumption for the production of petrochemicals is expected to increase by 2mn barrels per day in the next five years
 

R&D investment in GCC petrochemicals jumps 40%

Figure represents highest increase in R&D for petrochemicals funding worldwide
 

Orpic starts two-month turnaround at Sohar plant

Sohar refinery and polypropylene plant will be shut between 23rd of February and 23rd of April
 

Qatargas leads inititive for LNG as marine fuel

Company will collaborate with Maersk and Shell to develop liquefied natural gas as propulsion fuel for merchant vessels
 

GPIC sponsors Bahrain's BIGS 2016

Event will take place at the Bahrain International Convention and Exhibition Centre on 24-28th February
 

Equate signs MoU with Sabah Al-Ahmad Center

Areas of collaboration include technology transfer, innovation, research and development
 

Sadara chemical complex 98% complete

All units to be fully operational by 2017
 

First CO2 production plant opens in Kuwait

Plant will produce 280,000 tonnes of liquid carbon dioxide for commercial applications
 

Saudi raises diesel exports to Singapore

January shipments stood at 431,819 tonnes, more than double compared to December levels
 

UAE delegation visits Borouge's Singapore office

News signal Abu Dhabi's heightened interest in doing business in Asia
 

KNPC seeks $10bn loan for refineries upgrade

Local banks are set to agree on $3bn financing; remaining amount to come from international lenders in South Korea
 

Orpic awards $302mn pipeline work to Punj Lloyd

Pipeline will connect new Fahud NGL plant to the steam cracker unit in Sohar
 

Equate awards three-year contract to local firm

Jassim Transport & Stevedoring Co (JTS) will provide transportation services for company's Shuaiba Port operations
 

GE Oil & Gas eyeing business opportunities in Iran

Winning contracts in Iran could help company reduce impact of low oil prices
 

Oman Oil to restructure into four units

Changes come as part of firm's plans for expansion and improving efficiency
 

Equate's profit drops by a third on low oil prices

2015 revenue stood at $739mn compared to $1.04bn the year before
 

KPI: Oil prices could reach $50-60 by mid-2017

It could take up to three years for prices to go back up to $80, KPI's CEO said
 

Total CEO urges refiners to slash capacity

Despite a good year for margins, growing overcapacity is threatening profits
 

Orpic plant achieves highest utilisaiton rate ever

Mina Al Fahal currently operates at 94% of its capacity processing 110,000 barrels of oil per day
 

Aramco-Lanxess joint venture to open in April

Equally owned JV will be called Arlanxeo combining the names and logos of both companies
 

Iran appoints first female deputy oil minister

Marzieh Shahdaei was also named managing director of the National Petrochemical Company
 

Linde wins contract for Borouge's petchem plant

German contractor to provide EPC services for a new Boil Off Gas (BOG) compressor project
 

Iran plans to build refineries in six countries

Tehran is eyeing Malaysia, Indonesia, South Africa, Sierra Leone, Brazil and India for new investments
 

Sipchem pays $100bn to raise stakes in two units

Company raised its shares from 76% to 87% in each plant
 

The Missing Piece of the Puzzle

How DuPont helped Luberef change its safety culture for the better
 

Big data going strong?

Now that oil and gas companies have finally come on board with industrial automation, it's time to start thinking about big data and data analytics
 

Interview: Adapting to change

Mohammed Al-Mutairi, CEO of KNPC, explains how the integration of the al-Zour refinery with a new petrochemical complex will help the downstream sector in Kuwait meet long-term challenges of market volatility and rising global competition
 

News Analysis: Deal or no deal

Last year was almost record-breaking for mergers and acquisitions in the O&G industry. But what will 2016 bring?
 

3rd Global Commodity Conference concludes in Dubai

Event attracted over 400 industry delegates to discuss price fluctuations, demand and market volatility
 

SOCAR awards $180mn contract for new PE plant

Plant will have a capacity of 120,000 tonnes per year
 

Morocco starts construction of $850mn complex

Complex to produce 3 million tonnes of fertilizers and other derivatives per year
 

Dolphin Energy achieves major production milestone

Output reached 6 trillion standard cubic feet, the highest since the start of operations in 2007
 

Borouge wins ISO certification for Ruwais plants

Company was recognised for improving plants' energy performance
 

Dana Gas restores production at Kurdish plant

Plant was taken offline on Friday after gas pipeline ruptured
 

KPI completes sale of Rotterdam refinery to Gunvor

Refinery has processing capacity of 300,000 barrels per day
 

Sadara plans to start mixed-feed cracker in March

Jubail plant will be the first chemical complex to crack naphtha in the Gulf
 

Chemical M&A activity to remain buoyant in 2016

Trend expected to build on strong momentum last year when Dow and DuPont announced plans to merge in $130bn deal
 



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