Gulf’s total petrochemicals and chemicals export exceeded 65mn tonnes in 2014, compared to 36mn tonnes in 2006, according to EQUATE Petrochemical Company
Petrochemicals
Orpic to invest in petroleum coke storage facility at Omani refinery
Oman Oil Refineries and Petroleum Industries Company (Orpic) has announced to invest in facilities for handling and storing petroleum coke at Sohar Refinery
Qatari firms invest US$5bn in Chinese petrochemical firm
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
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
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