Qatar Petroleum (QP) and Qatar Petrochemical Co (Qapco) have signed a Heads of Agreement (HoA) for the development of a new US$5 billion petrochemical complex in Ras Laffan Industrial City.
Petrochemicals
Qatar to boost petrochemicals investment
Qatar plans to spend US$25 billion on expanding its domestic petrochemical industry over the next decade, an official said.
Sabic and Sinopec sign Protocol of Cooperation
Saudi Basic Industries Corp (Sabic) signed a cooperation deal with China Petrochemical and Chemical Corp (Sinopec Group) to explore opportunities in new petrochemical projects.
UAE and Oman are discussing the possibility of jointly building a 230,000 bpd refinery in Oman, according to the UAEs economy ministry.
Profits from petrochemical companies in the GCC increased 62.4 per cent YoY to US$3.57 billion in the third quarter of 2011, according to a report by Global Investment House (Global).
More Articles …
