Qatar’s Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed a deal worth US$5bn to acquire 49 per cent of China’s Shandong Dongming Petrochemical Group
Petrochemicals
Oman to seek loan for US$3.6bn petrochemical project
Oman is seeking loans from banks and export credit agencies to finance its US$3.6bn Liwa Plastics Project in the Sohar Industrial Zone, according to Oman Oil Refineries and Petrochemical Industries (Orpic)
Firms to invest US$6.8bn in petrochemical projects in Egypt
Egyptian and Kuwaiti companies have signed preliminary deals to set up petrochemical and phosphate fertiliser projects worth US$6.8bn in the North African country
Shell to build petrochemical complex in Iraq
Anglo-Dutch oil major Shell has signed a US$11bn deal with Iraq to build a petrochemicals plant in Basra, according to Iraqi industry minister
Shell completes global network after opening new gas-to-liquid base in Dubai
Shell has opened a gas-to-liquid (GTL) base in Dubai, which completes the oil major’s full global reach and is intended to serve customers in the Middle East, Egypt, India, Pakistan and South Africa
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