Gulf Oil and Gas accountACCOUNT

SABIC, Shell Shelve Petchem Plant Expansion in Jubail

Source: Reuters 10/23/2014, Location: Middle East

Saudi Basic Industries Corp and Royal Dutch Shell have shelved plans to expand an existing petrochemical joint venture in Saudi Arabia as the results of feasibility studies were not encouraging.

The two partners in the joint project, known as SADAF joint venture in Jubail, on the Gulf coast of Saudi Arabia, first announced plans to explore an expansion of their petrochemical plant in 2012.

"Shell and SABIC have agreed not to pursue this investment further but have agreed to continue to have constructive discussions to explore other opportunities for expansion," a Shell spokesman said in a statement.

SABIC, one of the world's largest petrochemical groups, said the decision would not have any impact on its earnings, according to a statement on the Saudi bourse website.

"The results of the (feasibility) studies were not encouraging to carry out the project," SABIC said in the statement. A SABIC spokesman declined to give further details.

The expansion was due to add polyols, propylene oxide (PO) and styrene monomer. SABIC did not say by how much the plant was due to be expanded nor gave an estimated cost.

For more information about related Opportunities and Key Players visit Saudi Arabia Oil and Gas Projects

Petrochemicals News in Saudi Arabia >>

Saudi Arabia >>  5/29/2020 - Advanced Petrochemical Company (ADVANCED) announces the signing of Shareholders Agreement between Advanced Global Investment Company (“AGIC”, a subsid...
United Arab Emirates >>  5/20/2020 - Lamprell, through its site services business, has been selected by Sharjah National Oil Corporation (SNOC) to undertake a medium-sized* engineering, ...

United Arab Emirates >>  5/18/2020 - McDermott International, Inc. has been awarded a sizeable* contract from a Middle East customer to carry out front-end engineering and design (FEED) w...
Saudi Arabia >>  5/14/2020 - Fluor Corporation was named project management consultant for Advanced Global Investment Company’s (AGIC) new propane dehydrogenation, polypropylene a...

United Arab Emirates >>  5/11/2020 - Penspen has been awarded a contract by Target Engineering Construction Co LLC for slug catcher replacement support on a project on Zirku Island in UAE...

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 | 19 |

Oil & Gas Projects in Saudi Arabia >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.