OQ and Kuwait Petroleum International (KPI), the international branch of Kuwait Petroleum Corp. (KPC), have signed a Project Development Agreement for a jointly owned petrochemical complex in the Special Economic Zone at Duqm (SEZAD), Oman.The agreement, signed on the sidelines of the Kuwait Oil & Gas Show (KOGS 2026) by Ashraf Hamed Al Mamari, Group […]
Saudi Basic Industries Corp. (SABIC) and S-Oil Corp., Korea’s third-largest oil refiner by sales, said on Monday that they had inked a 5.5 trillion won ($3.7 billion) deal to work together on exporting polyethylene (PE) goods. SABIC will manage the worldwide marketing of PE products made by S-Oil under the terms of the five-year agreement, […]
As part of a restructuring during a recession in the industry, Saudi Arabia’s SABIC has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 MM. In early trading in Riyadh on Thursday, shares of the chemicals company plummeted as much […]
Bharat Petroleum Corporation Limited (BPCL) has awarded Larsen & Toubro’s (L&T) Hydrocarbon Onshore division a significant engineering, procurement, construction, and commissioning (EPCC) contract for a massive petrochemical project in Bina, Madhya Pradesh. A Linear Low-Density Polyethylene and High-Density Polyethylene (LLDPE/HDPE) swing unit with two production trains, each with a capacity of 575 KTPA, is part […]
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