Industry news

Saudi Aramco names five new board members The National 29 APR 2018 Saudi Aramco made five new appointments, including two ministers and two former US chemical executives, to its board of directors as the world’s biggest oil exporter prepares for an initial public offering. The appointees include Saudi Minister of Finance Mohammed Al Jadaan, Minister…

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Mega $44bn Aramco refinery MoU penned with Indian consortium Arabian Oil and Gas 11 APR 2018 Oil giant Saudi Aramco and a group of Indian state refiners have signed a memorandum of understanding to construct a major refinery and petrochemicals complex on India’s west coast at a cost of $44bn, oil officials at the signing…

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GPIC achieves record Q1 production Gulf Projects 10 APR 2018 The Gulf Petrochemical Industries Company (GPIC) has reported a record production of 391,343 metric tonnes of Ammonia, Urea and Methanol in the first quarter of the year without a lost time accident. Company President Dr Abdulrahman Jawahery said GPIC is now accustomed to such achievements…

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Saudi Aramco and Total sign MoU to build a giant petrochemical complex Arabian Oil and Gas 11 APR 2018 The new complex will be located in Jubail close to the SATORP refinery which has been in operation since 2014. The new complex will be located in Jubail close to the SATORP refinery which has been…

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EQUATE participates in Kuwait University’s career fair Arabian Industry 8 APR 2018 In its endeavour to attract the best human capital for the continued growth of the industry and economy, EQUATE Petrochemical Company continues supporting the professional development of students by participating in the 18th Annual Career Fair at Kuwait University’s (KU) College of Engineering…

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ADNOC Distribution holds first AGM, approves $200mn in dividend Arabian Industry 8 APR 2018 Shareholders of ADNOC Distribution, the UAE’s largest fuel and convenience retailer, approved a $200mn dividend payment, at the company’s landmark first Annual General Meeting (AGM). The dividend was approved following a report of the company’s performance, which highlighted the significant achievements…

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Aramco takes step to integrating petrochems into United States’ biggest refinery Reuters 8 APR 2018 HOUSTON (Reuters) – Saudi Aramco took the first steps to integrating a petrochemicals business into the United States’ biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco’s Chief Executive Amin Nasser signed memoranda of understanding (MoUs) worth…

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SABIC opens first polyacetal plant in the Middle East, supports Saudi Vision 2030 Arabian Oil and Gas 12 APR 2018 SABIC inaugurated the first ever polyacetal plant in the Middle East and Africa region at its joint venture manufacturing affiliate, The National Methanol Company (Ibn Sina), in Jubail, marking another milestone in its growth strategy…

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Kuwait to raise non-associated gas output to 500 million cubic feet: minister Emirates News Agancy 16 APR 2018 KUWAIT, 16th April, 2018 (WAM) — The State of Kuwait plans to raise production of non-associated gas to nearly 500 million standard cubic feet per day by end of 2018, Oil Minister Bakhit Al-Rashidi announced on Monday.…