Qatar Petroleum and Shell drop Al Karaana project

ras laffanQatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project and to stop further work on the project, according to a statement issued by Shell

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Saudi Arabia to invest US$91bn in petrochemical sector in next 10 years

refinery-saudiSaudi Arabia has earmarked US$91bn over the next decade to build new petrochemical plants and expand existing ones, alongwith integrating refineries with new or existing units in the Kingdom

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Kuwait’s US$40bn investment on downstream projects

KNPC-refinery-minaKuwait National Petroleum Company (KNPC) plans to spend US$40bn until 2022 on downstream projects including a new refinery and a clean fuels project

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SEZAD signs usufruct deal with Duqm Refinery

refinery-duqm-sezad-omanDuqm Special Economic Zone Authority (SEZAD) has signed a preliminary usufruct agreement with Duqm Refinery and Petrochemicals Industries Company (DRPIC) in Oman

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Gulf Petrochem eyes Indian lubricant company

gulf petrochemThe UAE-based Gulf Petrochem has announced that it will make an open offer to acquire an additional 26 per cent of India-based Sah Petroleums after buying 72.23 per cent stake in the company

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