Qatar Petroleum and Shell drop Al Karaana project
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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