Foster Wheeler's  subsidiary of its Global Engineering and Construction Group has won a contract to develop a propylene oxide unit at Jubail in Saudi Arabia.

Qatar Petroleum (QP) and Qatar Petrochemical Co (Qapco) have signed a Heads of Agreement (HoA) for the development of a new US$5 billion petrochemical complex in Ras Laffan Industrial City.

Qatar plans to spend US$25 billion on expanding its domestic petrochemical industry over the next decade, an official said.

Saudi Basic Industries Corp (Sabic) signed a cooperation deal with China Petrochemical and Chemical Corp (Sinopec Group) to explore opportunities in new petrochemical projects.

UAE and Oman are discussing the possibility of jointly building a 230,000 bpd refinery in Oman, according to the UAE's economy ministry.