Impact of gas prices on Saudi petrochemical firms

NCB_CapitalA new NCB Capital report looks at the impact of changing gas prices which could rise from US$0.75/mmbtu to US$1.5/mmbtu at the start of 2012 on the local petrochemical companies in Saudi Arabia.

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Qurain to build a US$1 billion petrochemical plant in Saudi

Qurain_SaudiQurain Petrochemical Industries Co (QPIC) plans to develop a petrochemical plant, expected to cost more than $1 billion and located in Jubail, Saudi's petrochemicals hub.

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Overcapacity threatens GCC petrochemicals profitability

petrochemsAccording to a study released by AlixPartners - the Gulf Cooperation Council (GCC) chemicals sector is strong but it faces numerous challenges and regional companies must adapt to new feedstock options and changing markets.

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New petrochemical project in Egypt awarded

Tawfiq-Abu-Soud---ManDrake & Scull Water and Power (DSWP), a wholly owned subsidiary of Drake & Scull International, secured a US$38.5mn Construction Contract of a Mining Grade Ammonium Nitrate Plant in the province of Ain Sukhna in Egypt.

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Qatar Petroleum and Shell sign Heads of Agreement

QP_Shell_AgreementDr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar, and Peter Voser, Chief Executive Officer of Shell, signed the Heads of Agreement that sets the scope and commercial principles for the development of a world-scale petrochemicals complex in Ras Laffan Industrial City, Qatar.

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