Sabic awards EPC contracts for elastomers project in Jubail

Sabic2_comSaudi 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

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Well tests begins to flow again for Max Petroleum

Max_Petroleum_KazakhstanMax 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

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GCC recorded 13.5 per cent rise in petroleum production capacity in 2011

OilThe Gulf Petrochemicals and Chemicals Association's (GPCA) recently released annual report has shown that the GCC’s petrochemical production capacity grew by 13.5 per cent in 2011

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Samsung wins US$2.47 billion carbon black project in Abu Dhabi

Samsung_Engineering_comSamsung 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

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Oil prices to bring US$295 billion cheer to Saudi Arabia

petrolThe 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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