Middle East polyethylene capacity is expected to increase from 20.80 mtpa in 2018 to 28.52 mtpa in 2023 at an average annual growth rate (AAGR) of 6.3 per cent, according to data and analytics company GlobalData

UK-based Element Materials Technology (Element), a provider in testing, inspection and certification services, has been selected as an approved supplier for Saudi Aramco, petroleum and natural gas company

Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), is set to purchase a 17 per cent stake in South Korea’s Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings

Bijan Zangeneh, Iranian minister of petroleum, has announced that Iran and Iraq have reached an agreement for joint development of the Naft Shahr and Khorramshahr joint oil fields