The Red Sea refinery, a joint venture between Saudi Arabia and China, is expected to be operational in Q3 2014 in Yanbu Industrial City, according to Ministry of Petroleum and Mineral Resources
Petrochemicals
GCC’s petrochemicals exports ‘to hit record high in 2014’
The GCC’s petrochemical exports will hit a record high this year with the World Trade Organization’s (WTO) Bali Package set to come into effect, according to the Gulf Petrochemicals and Chemicals Association (GPCA)
Foster Wheeler wins PMC contract in Turkey
Engineering and construction company Foster Wheeler, has won a contract with Star Rafineri, a subsidiary of Socar Turkey, for project management consultancy service
Gulf Keystone begins crude oil export from Shaikan
Gulf Keystone has confirmed the start of crude oil exports from its Shaikan field located in the Kurdistan Region of Iraq
Qatar’s Mesaieed Petrochemical plans IPO
Mesaieed Petrochemical Holding, a unit of state-owned Qatar Petroleum, has planned to raise US$880mn through an initial public offering (IPO) of 26 per cent of its shares, end of this year
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