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)
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
