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Petrochemicals News

ADNOC Signs MoU Agreements with OMV and Borealis
United Arab Emirates >> 3/23/2019 - The Abu Dhabi National Oil Company (ADNOC) signed two Memorandum of Understanding’s (MoUs) with OMV and one MoU with Borealis to explore new opportunities for collaboration in the downstream sector. T...
Petroteq Begins Heavy Oil Sales from Asphalt Ridge Facility
United States >> 3/18/2019 - Petroteq has reported that, on March 18, 2019, oil production sales have commenced at the Asphalt Ridge facility. Two loads of 250 barrels of oil having an API gravity of 17 were sold, with additional...
ZapSibNeftekhim's Polypropylene Unit Produces First Granules
Russia >> 3/13/2019 - The polypropylene unit at ZapSibNeftekhim, a deep hydrocarbon conversion plant under construction, is 99.8% complete. Construction and installation works on the process unit are over, and commissionin...
Propane & Butane Production in Phase 13
Iran >> 3/8/2019 - The products chain of phase 13's refinery was completed by operating liquid gas production units. The director of phase 13 announced. ...
Grounds Broken for Ethylene Oxide Project in Andimeshk
Iran >> 3/7/2019 - Construction of a 300,000-ton petrochemical project in the southwestern city of Andimeshk has started. A ceremony was held in the city in the presence of Iranian Minister of Petroleum Bijan Zangeneh a...
Sales of Gazprom Neft’s Innovative Bitumen Products Up 35% in 2018
Russia >> 2/26/2019 - Gazpromneft-Bitumen Materials, operator of the Gazprom Neft bitumens business, sold 202,000 tonnes of high-tech modified bitumen and bitumen-derivative products in 2018, a 35-percent increase on 2017....
High-Density Polyethylene Plant Constructed within SOCAR Polymer Project
Azerbaijan >> 2/18/2019 - • According to preliminary estimates, the SOCAR Polymer complex at maximum capacity has the capability to increase the export revenue of the country's non-oil sector by 18% and gross domestic product ...
Gazprom Neft to Increase Supplies of Innovative Bitumens & Lubricants to the Novosibirsk Oblast
Russia >> 2/14/2019 - Gazprom Neft has entered into an agreement with the Novosibirsk Oblast on supplying modern, high-technology bitumens for the region’s highways network, as well as supporting import substitution in lub...
QP Signs 5-Year Light Naphtha Sale Agreement with Marubeni Corporation
Qatar >> 2/13/2019 - Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to supply Japan’s Marubeni Corporation an annual total ...
Petchem Projects Launched in Khuzestan
Iran >> 2/6/2019 - The governor of Khuzestan Province, southwestern Iran, inaugurated two petrochemical projects in Mahshahr Petrochemical Especial Economic Zone (PETZONE). The projects, namely Ehda Polymer Pak and Exir...
South Pars Phase 22-24 Ethane Injected to Petchem Plants
Iran >> 1/29/2019 - The ethane produced by the onshore refineries of phases 22 to 24 of the South Pars gas field is now being fed to petrochemical plants as feedstock. According to Pars Oil and Gas Company (POGC), the se...
BP Enters Shandong with New-Look Retail Station
China >> 1/29/2019 - BP, through its new joint venture partnership with Dongming Petrochemical, opened its first branded station in Shandong, China. The new store is the first in China to reflect BP’s new look and feel, a...
BP to Expand Its Petrochemical Presence in Korea
South Korea >> 1/9/2019 - BP and Lotte have agreed a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea. ...
Iran Petchem Output beyond 100 mt/y by 2025
Iran >> 1/2/2019 - The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would cross 100 million tons per year once the sector completed its under-construction projects by 202...
Petrogress Announces Partnership with Deliman Oil
Ghana >> 12/12/2018 - Petrogress, Inc. announces that its Petrogress Int’l, LLC (“PIL”) subsidiary has entered into a Partnership Agreement with Deliman Oil Company Limited, a Ghanaian corporation (“Deliman”) to jointly fo...
Signing an Agreement to Fund Tahrir Petrochemical Complex
Signing an Agreement to Fund Tahrir Petrochemical Complex Egypt >> 12/10/2018 - Prime Minister Mostafa Madbouli attended the signing ceremony of a 1.25-billion-dollar agreement between Egypt's Carbon Holdings Co. and the Africa Finance Corporation to fund the Tahrir Petrochemical...
Oil & Gas Authority Awards its First Carbon Capture Storage Licence
United Kingdom >> 12/6/2018 - The Oil and Gas Authority has awarded its first carbon dioxide (CO2) appraisal and storage licence as an independent regulator. ...
KBR Awarded Ammonia Plant Revamp Contract in India
India >> 11/28/2018 - KBR, Inc. (KBR) has been awarded a contract to supply proprietary equipment to Southern Petrochemical Industries Corporation Ltd. India for its plant located in Thoothukudi in the State of Tamil Nadu....
Sonatrach & Citic Company Sign $6B Agreement for Building Phosphate Complex
Sonatrach & Citic Company Sign $6B Agreement for Building Phosphate Complex Algeria >> 11/26/2018 - A partnership agreement between the Sonatrach and Asmidal-Manal groups, and the Chinese groups led by the Citic Company to carry out an integrated project for the exploitation and transformation of ph...
MoU for the Long Term Supply and Purchase of Molten Sulphur Signed
China >> 11/22/2018 - Marubeni Corporation (Marubeni) signed a Memorandum of Understanding (MOU) regarding the long term supply and purchase of Molten Sulphur with Hubei Harvin (Group) Chemical Co., Ltd. (hereinafter, “Hub...

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