Business model
Sojitz, SDK and Toray multiply strategic initiatives While the biggest oil and gas producing countries in Middle-East, Russia and North America are expanding their petrochemical industry downstream towards high added value hydrocarbon products, Japan seems to investigate another route through chemical local companies building up Market Leadership on bio-plastics. The global market for bio-plastics was […]
BPCL to invest $2.6 billion in Kochi Integrated Refinery Petrochemical project Bharat Petroleum Corporation Ltd (BPCL) is the second-largest public sector refinery in India. The Kochi refinery is located at Ambalmugal near the city of Kochi in Kerala. The Kochi refinery capacity is actually of 9.5 million t/y or 190,000 b/d. The actual portfolio of […]
Nizhnekamskneftekhim awards basic to CB&I Lummus OAO Nizhnekamskneftekhim (NKNK) selected CB&I Lummus (CB&I) to perform front end engineering and design (FEED) of a new olefins complex in Russia. This new petrochemical complex will be located in the Republic of Tatarstan in Russia. Earlier, on April, 2012, NKNK and CB&I had signed a License Agreement and Basic […]
Saudi Aramco and Total to go for Aromatics in phase 2 While the joint venture Saudi Aramco Total Refining and Petrochemical Company (Satorp) is completing the construction of the refinery as the first phase of the project to come on stream in 2013, Total and Saudi Aramco are already working on the second phase about petrochemicals in […]
Dow and Saudi Aramco $20 billion Sadara takes shape Sadara Chemical Company (Sadara) is a joint venture between The Dow Chemical Company (Dow) and Saudi Arabian Oil Company (Saudi Aramco). Once complete, Sadara petrochemical complex will be one of the world’s largest integrated chemical complex and the largest ever built in a single phase. The facility […]
Sabic expands Kayan complex into strategic chemicals Saudi Kayan (Kayan) is an affiliate of Saudi Basic Industries Corporation (SABIC) to run and operate one of the largest petrochemical complex in the world located in the Jubail Industrial City. Sabic designed it to reduce Saudi economy reliance on crude oil in bringing up to the market high added […]
Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained their conditions, Shell at $0.220 per share and PTTEP at $0.240 while Coves‘ […]
Wentworth leads consortium with Cove Energy and Maurel & Prom The Dubai-based Wentworth Resources (Wentworth) is an independent oil and gas company with natural gas production and a committed exploration program in the Rovuma Basin of southern Tanzania and northern Mozambique. Wentworth and its concession partners Cove Energy (Cove) and Maurel & Prom own a gas […]
