Gulf Capital and Carbon Holdings have entered a debt financing agreement to support three of the latter’s mega-industrial projects in Ain Al Sokhna on the Suez Canal in Egypt, in a bid to strengthen their presence in the region
Petrochemicals
Fine Tubes approved as KNPC supplier
UK precision tubes manufacturer, Fine Tubes, has been approved as a vendor by the Kuwait National Petroleum Company (KNPC) for the supply of ferrous and non-ferrous tubing for its refineries
Gulf’s petrochemical and chemical exports hit 65mn tonnes last year
Gulf’s total petrochemicals and chemicals export exceeded 65mn tonnes in 2014, compared to 36mn tonnes in 2006, according to EQUATE Petrochemical Company
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
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