Qatar Petroleum (QP) and Royal Dutch Shell signed a preliminary agreement to construct a US$6 billion petrochemical plant in Ras Laffan Industrial City in Qatar.
Petrochemicals
Gulf Petrochemical production levels reaches record heights
Production levels at the Gulf Petrochemical Industries Company (GPIC) hit record highs in 2010.
Asian demand proves profitable
China and Indias growing demand for petrochemicals will continue to benefit the Middle East and North African (MENA) region, say analysts.
Iran's Mehr Petrochemical changing tack
Irans Mehr Petrochemical may start producing grades other than film-grade high density polyethylene at its plant due to a shortage of butane-1 feedstock, according to reports.
SABIC profits beat expectations
Saudi Basic Industries Corp (Sabic), the worlds largest chemical firm by market value, beat estimates with a 46 per cent rise in third-quarter profit, buoyed by higher plastic and petrochemical sales.
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