Gulf Oil and Gas accountACCOUNT

Qurain Petrochemicals to Set up Saudi Jubail Plant

Source: KUNA 6/9/2011, Location: Middle East

Kuwait's Qurain Petrochemical Industries Company is about to get approval for establishing a USD 1-billion plant at the Saudi Industrial City of Jubail, Essa Al-Essa, Qurain's Vice Chairman said.

Al-Essa added, in a statement to the press on the sidelines of the company's extraordinary general assembly meeting, that work is expected to start in the project by the mid of 2012, noting that the plant aims at producing BTA and BAT substances, and will absorb labor force ranging between 400 to 500 personnel, along with exporting its products.

He also said that transferring the project from Kuwait to Jubail arose out of the company's inability to provide the required land for the plant in Kuwait.

On the latest developments on Qurain's aromatics project, he made clear that the company is responsible for the projects of Paraxylene and Styrene, noting that they made good results over the past year in view of high oil prices, and soaring prices of oil derivatvies in the global market.

He also revealed that a committee was formed of the members of the Kuwait Petroleum Corporations (KPC) in order to reconsider all the company's contracts till the completion of the Paraxylene project, asserting that conditions of the petrochemicals sector is good under the current soaring prices in what will be reflected on the company's profits during the second quarter of this year.

Regarding the Methanol project in Algeria, he disclosed that in view of the political conditions and the changes made within the board of Algerian Sontrac which are not in the interest of the project, Qurain held the implementation of the project in one of the Gulf Cooperation Council (GCC) Arab states.

Petrochemicals News in Saudi Arabia >>

Singapore >>  8/20/2019 - Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has recently concluded a 5-year sale agreement with ExxonMobil Trading Asia Pacifi...
Russia >>  8/15/2019 - SIBURís Blagoveshchensk site has held a ceremony to celebrate the completed reconstruction of the terephthalic acid production facility, the only one ...

Russia >>  8/13/2019 - Gazpromneft-Bitumen Materials, operator of the Gazprom Neft bitumens business, achieved sales of more than 100,000 tonnes of high-tech modified bitume...
Iran >>  8/7/2019 - The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company was currently building projects with a total value of 10...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

Oil & Gas Projects in Saudi Arabia >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.