Kuwait National Petroleum Company (KNPC) has awarded US$11.5bn worth of contracts to build the al-Zour oil refinery, which would be one of the largest in the Middle East
Petrochemicals
SABIC and SK Global Chemical sign 50-50 joint venture
Saudi Arabia’s SABIC and South Korea’s SK Global Chemical have concluded negotiations for a 50-50 joint venture (JV) to purchase a special solution technology and a manufacturing plant for US$640mn
Air Liquide starts its largest hydrogen project in Saudi Arabia
French firm subsidiary Air Liquide Arabia has began producing hydrogen from Yanbu Industrial City, located on the west coast of Saudi Arabia
Saudi Kayan reschedules maintenance work
Saudi Kayan has pushed back maintenance work at some of its plants by six months to March 2016
Global petrochemical prices continued to climb in May
Petrochemical prices in the US$3 trillion-plus global petrochemicals market climbed another four per cent month over month in May
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