Iraq’s Oil Ministry has asked foreign companies and investors to bid for a project to build and operate a 300,000 bpd export-oriented refinery in Fao near Basra
Iraq calls for bids for new oil refinery
Petrochemicals
Gulf petrochemical industry outpaces global growth
The petrochemical industry in the Gulf region grew by 3.7 per cent in 2016, largely due to new capacity added in Saudi Arabia, according to an annual study by the Gulf Petrochemicals and Chemicals Association (GPCA)
MEED: MENA to spend US$294bn on oil and gas projects
A new report from MEED Insight shows that the Middle East and North Africa (MENA) region is set to spend US$294bn on oil, gas and petrochemicals projects, despite the fall in the oil price since 2014
Jadwa Investment: petrochemicals have grown to be one of the main pillars of the Saudi economy
Jadwa Investment have released its report Petrochemicals and the Vision 2030, stating that the Saudi petrochemical industry has become an important pillar of the Kingdoms economy, but will face local and international challenges to maintain this level of growth
IHS Markit: sanctions relief strengthens NPC Iran's petrochemical outlook
The IHS Markit report entitled, IHS Chemical NPC Iran Competitive Company Analysis, stated that NPC Iran is the second-largest producer and exporter of petrochemicals in the Middle East, only behind SABIC of Saudi Arabia
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