The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, has announced signing a financial structuring mandate with Suez company for methanol derivatives to finance the development of formaldehyde and derivatives project in Damietta, Egypt
Petrochemicals
Saudi Arabia signs international deals worth US$50bn
At an investment conference, Saudi Arabia also signed deals worth more than US$50bn in sectors including oil, gas and infrastructure
NOCs forecast to spend more than US$116bn in new petrochemicals projects, says GlobalData
National Oil Companies (NOCs) are diversifying beyond their upstream oil and gas core, with major NOCs forecast to spend more than US$116bn in new petrochemicals projects, according to GlobalData, a data and analytics company
Petrochemicals set to be the largest driver of global oil demand: IEA
Petrochemicals will surpass cars, trucks and aviation in future oil demand growth, according to a study by the International Energy Agency (IEA)
ADNOC LNG awards US$860mn EPC contract for Phase 2 of IGD-E project
ADNOC LNG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed an engineering, procurement and construction (EPC) contract for the second phase of the integrated gas development expansion (IGD-E) project with a consortium of Spains Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company
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