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 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
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
Gulf Oil Middle East launched a specially formulated engine oil for SUVs, Gulf Formula ULE 5W-40, which was unveiled on 5 February by Manchester United legends Dwight Yorke and Peter Schmeichel
Versalis (Eni) and Sonatrach signed a Memorandum of Understanding in Algiers to carry out joint feasibility studies for an integrated petrochemical complex to be built in Algeria
Versalis (Eni) and Sonatrach signed a Memorandum of Understanding in Algiers today. The agreement is to carry out joint feasibility studies for an integrated petrochemical complex to be built in Algeria. The agreement follows the cooperation agreement signed by Eni and Sonatrach last November and provides for the terms of a study aiming at enhancing hydrocarbons with value-added petrochemical products through the development, in Algeria, of one or a few world-scale industrial petrochemical facilities.
This agreement represents an opportunity for Versalis to collaborate with an integrated oil corporation, to which the Italian chemical producer will offer its industrial experience in managing large petrochemical plants, and the access to its proprietary technologies, within the framework of strategic joint projects.
