Oman is seeking loans from banks and export credit agencies to finance its US$3.6bn Liwa Plastics Project in the Sohar Industrial Zone, according to Oman Oil Refineries and Petrochemical Industries (Orpic)
Petrochemicals
Firms to invest US$6.8bn in petrochemical projects in Egypt
Egyptian and Kuwaiti companies have signed preliminary deals to set up petrochemical and phosphate fertiliser projects worth US$6.8bn in the North African country
Shell to build petrochemical complex in Iraq
Anglo-Dutch oil major Shell has signed a US$11bn deal with Iraq to build a petrochemicals plant in Basra, according to Iraqi industry minister
Shell completes global network after opening new gas-to-liquid base in Dubai
Shell has opened a gas-to-liquid (GTL) base in Dubai, which completes the oil major’s full global reach and is intended to serve customers in the Middle East, Egypt, India, Pakistan and South Africa
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