Qatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project and to stop further work on the project, according to a statement issued by Shell
Petrochemicals
Saudi Arabia to invest US$91bn in petrochemical sector in next 10 years
Saudi Arabia has earmarked US$91bn over the next decade to build new petrochemical plants and expand existing ones, alongwith integrating refineries with new or existing units in the Kingdom
Kuwait’s US$40bn investment on downstream projects
Kuwait National Petroleum Company (KNPC) plans to spend US$40bn until 2022 on downstream projects including a new refinery and a clean fuels project
SEZAD signs usufruct deal with Duqm Refinery
Duqm Special Economic Zone Authority (SEZAD) has signed a preliminary usufruct agreement with Duqm Refinery and Petrochemicals Industries Company (DRPIC) in Oman
Gulf Petrochem eyes Indian lubricant company
The UAE-based Gulf Petrochem has announced that it will make an open offer to acquire an additional 26 per cent of India-based Sah Petroleums after buying 72.23 per cent stake in the company
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