The Abu Dhabi National Oil Company (ADNOC) and OCP Group of Morocco (OCP) agreed to create a fertilisers joint venture, as part of ADNOCs attempt to diversify its portfolio from oil and gas assets
Petrochemicals
ADNOC to invest US$45bn over five years in downstream bet
Abu Dhabi National Oil Company (ADNOC) said it would invest US$45bn over the next five years to boost the companys downstream portfolio, giving it a chance to cash in on the growing demand for petrochemical products
KBR gets engineering contract for Aramco, SABIC’s oil-to-chemicals project
State-owned Saudi Aramco and Saudi Basic Industries Corp (SABIC) awarded KBR an engineering contract for their joint crude oil to chemicals project worth over US$20bn
Proposed US$44bn Ratnagiri refinery a win-win for India and Aramco, says Wood Mackenzie
Energy consultancy Wood Mackenzie said Saudi Aramcos MoU to build the Ratnagiri refinery and petrochemicals complex would be a win-win for the state oil-giant and India
ADNOC to sell 1.5mn tonnes naphtha per year to Asian companies
The Abu Dhabi National Oil Company (ADNOC) said it would sell up to 1.5mn tonnes naphtha per year to Japans Idemitsu Kosan Co and Thailands SCG Chemicals in an effort to grow its Asian markets