According to a study released by AlixPartners - the Gulf Cooperation Council (GCC) chemicals sector is strong but it faces numerous challenges and regional companies must adapt to new feedstock options and changing markets.
Petrochemicals
New petrochemical project in Egypt awarded
Drake & Scull Water and Power (DSWP), a wholly owned subsidiary of Drake & Scull International, secured a US$38.5mn Construction Contract of a Mining Grade Ammonium Nitrate Plant in the province of Ain Sukhna in Egypt.
Qatar Petroleum and Shell sign Heads of Agreement
Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar, and Peter Voser, Chief Executive Officer of Shell, signed the Heads of Agreement that sets the scope and commercial principles for the development of a world-scale petrochemicals complex in Ras Laffan Industrial City, Qatar.
Dow and Aramco declare official formation of Sadara
The Dow Chemical Company (Dow) and Saudi Arabian Oil Company (Saudi Aramco) announced the official formation of Sadara Chemical Company (Sadara), a joint venture between the two companies.
Sustainability a key drive for Sabic : Mr Mosaed Al-Ohali
Mr Mosaed Al-Ohali, Executive Vice President, Manufacturing, Sabic spoke to Oil Review about Sabics sustainability drive and ambition to become innovation leaders.
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