Petrochemicals

Saudi Aramco said on Tuesday its planned acquisition of a 70% equity stake in petrochemical maker SABIC from the Public Investment Fund (PIF), the kingdom’s wealth fund, is on track to close in the second quarter. The statement by the state oil giant was made in response to a Reuters …

The 338,371 cbm tanker was welcomed at the new 300,000-tonne crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company’s “front terminal, rear plant” production model. Housed 1,100 metres from Sinopec’s refinery plant, the petrochemical port features eight terminals including a 300,000-tonne crude oil berth, 100,000-tonne …

This complex was able to achieve a new record in production and sales last [calendar] year by supplying more than 2.5 million tons of various items.

Pardis Petrochemical Company has received the two 2-star silver statues of the 5th National Energy Management Award.

The CEO of Arvand Petrochemical Plant said his company’s output had increased by 11 percent year-on-year in the first month of the current calendar year (March 20-April 20).

Japan-based JXTG Nippon Oil & Energy Corporation will conduct the feasibility study of a new ethylidene norbornene (ENB) plant, to be built in Jubail, as part of the Amiral petrochemical complex, announced by Saudi Aramco and Total on Oct. 8, 2018. The new ENB plant project would make the Kingdom …

The petrochemical industry, as a sustainable and attractive industry, plays an important role in the country's economy and creates value by using the resources available in its development.

Iran’s Tondgouyan Petrochemical Plant has registered new production records in the previous Iranian calendar year which ended on March 19.

A member of the Iranian parliament’s presiding board underlined the necessity of supporting petrochemical industries in order to curb sale of crude oil and gas.

The unprecedented collapse in global oil markets brought another driller to its knees, forcing a champion of what was once the premier U.S. shale field to seek protection from creditors.