Petrochemicals

Qatari firms invest US$5bn in Chinese petrochemical firm

qatar-petchemQatar’s Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed a deal worth US$5bn to acquire 49 per cent of China’s Shandong Dongming Petrochemical Group

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Oman to seek loan for US$3.6bn petrochemical project

oil-SoharOman is seeking loans from banks and export credit agencies to finance its US$3.6bn Liwa Plastics Project in the Sohar Industrial Zone, according to Oman Oil Refineries and Petrochemical Industries (Orpic)

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Firms to invest US$6.8bn in petrochemical projects in Egypt

petchem plant-egyptEgyptian and Kuwaiti companies have signed preliminary deals to set up petrochemical and phosphate fertiliser projects worth US$6.8bn in the North African country

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Shell to build petrochemical complex in Iraq

petrochemical-basraAnglo-Dutch oil major Shell has signed a US$11bn deal with Iraq to build a petrochemicals plant in Basra, according to Iraqi industry minister

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Shell completes global network after opening new gas-to-liquid base in Dubai

Shell has opened a gas-to-liquid (GTL) base in Dubai, which completes the oil major’s full global reach and is intended to serve customers in the Middle East, Egypt, India, Pakistan and South Africa

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