Qatar to boost petrochemicals investment

Qatar_petrochemicalsQatar plans to spend US$25 billion on expanding its domestic petrochemical industry over the next decade, an official said.

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Sabic and Sinopec sign Protocol of Cooperation

Sabic_SinopecSaudi Basic Industries Corp (Sabic) signed a cooperation deal with China Petrochemical and Chemical Corp (Sinopec Group) to explore opportunities in new petrochemical projects.

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Oman and UAE considering joint refinery project

Oman_UAEUAE and Oman are discussing the possibility of jointly building a 230,000 bpd refinery in Oman, according to the UAE's economy ministry.

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Regional petrochem companies see profits rise

GCC_companiesProfits 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).

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US$1.4 billion funding for petrochemical projects in KSA

tanseeThe National Industrialization Co. (Tasnee) and Sahara Petrochemical Co. agreed a US$1.4 billion financing deal with Saudi banks to support three joint ventures: Saudi Acrylic Acid Co., Saudi Acrylic Monomers Co. and Saudi Polyolefins Co.

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