Saudi Basic Industries Corp (Sabic) has said its joint-venture affiliate, Al-Jubail Petrochemical Company (Kemya), has awarded EPC contracts to Daelim Industries, Technip, and Tecnicas Reunidas for its elastomers project in Jubail Industrial City, Saudi Arabia
Petrochemicals
Well tests begins to flow again for Max Petroleum
Max Petroleum has announced that its ASK-J2 well in Asanketken field has begun testing and is flowing at a stable rate of 503 barrels of oil per day with no water
GCC recorded 13.5 per cent rise in petroleum production capacity in 2011
The Gulf Petrochemicals and Chemicals Associations (GPCA) recently released annual report has shown that the GCC’s petrochemical production capacity grew by 13.5 per cent in 2011
Samsung wins US$2.47 billion carbon black project in Abu Dhabi
Samsung Engineering has won a US$2.47 billion project from the Abu Dhabi Oil Refining Company (TAKREER) to construct a carbon black and delayed coker (CBDC) plant
Oil prices to bring US$295 billion cheer to Saudi Arabia
The years from 2012 to 2016 are set to be particularly rewarding for Saudi Arabia as the kingdom looks set to benefit from around US$295 billion a year in revenue from high oil prices
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