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Ovia to invest $1.5 billion in Nigeria Quantum Petrochemical Complex

Quantum selected Ibeno for world-scale methanol plant The Nigerian Quantum Petrochemical Company Limited (Quantum) has decided to invest $1.5 billion capital expenditure in a world-scale petrochemical and methanol complex at Ibeno in the Akwa Ibom State of the southern Nigeria on the Gulf of Guinea. Quantum was recently founded by the Nigeria banker Jim Ovia, ranked …

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Saudi Arabia Maaden Phosphates City moving into EPC phase

Jacobs completed FEED on mining Phosphate City The Saudi Arabian Mining Company (Maaden) is moving into the engineering, procurement and construction (EPC) phase for its $6 billion capital expenditure Phosphate City project. To be located in the north of Saudi Arabia, the Phosphate City project is also called Al-Khabra project as Maaden is aiming at debottlenecking the Al-Khabra phosphates mines. Through the Phosphate City …

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Qatar creates – Muntajat – a new company to boost Petrochemicals

Qatar to double petrochemicals production until 2020 On December 23rd 2012, Qatar established a new company, the Qatar Chemical and Petrochemical Marketing and Distribution Company (MUNTAJAT) Q.J.S.C., to lead the strategic development of the country on the downstream sector. In creating this corporation, Qatar is targeting to more than double the chemical and petrochemical production from …

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Maaden awards Phosphates City project PMC contracts

Bechtel and Fluor to share Phosphates PMC contracts The Saudi Arabian Mining Company (Maaden) made the final decision regarding the project management consultancy (PMC) contracts to be awarded for the $6 billion capital expenditure for the Phosphate City project. Maaden is planning the Phosphate City project in the north of Saudi Arabia to debottleneck its Al …

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SABIC and Shell to expand Sadaf joint venture

SABIC and Shell to invest in and beyond Saudi Arabia In November 2012, Saudi Basic Industries Corporation (SABIC) and Shell have decided to work on expansion opportunities of their joint venture Saudi Petrochemical Company (Sadaf). These expansion ambitions are not limited to the sole Saudi Arabia but should also aim at increasing positions in overseas markets. …

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SABIC and Vopak form joint venture for new Al Jubail terminal

SABIC and Vopak to build $400 million storage facility Saudi Basic Industries Corporation (SABIC) and Royal Vopak (Vopak) signed Heads of Agreement (HoA) to form a joint venture to build new storage facilities in the Al Jubail Terminal on the east coast of Saudi Arabia. The joint venture between SABIC and Vopak should be established under …

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SABIC in brief

Chemistry that matters Based in Ryadh, Saudi Arabia, SABIC stands for the Saudi Basic Industries Corporation, one of the largest petrochemical companies in the world with 40,000 employees running operations in 40 countries. SABIC was established in 1976 by Royal Decree to develop the downstream industries in Saudi Arabia while Saudi Aramco was focusing on the …

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Technip in brief

Take it further Headquartered in Paris, France, Technip is one of the largest engineering companies with more than 32,000 people covering all sectors of the oil and gas and petrochemical industry offshore and onshore, upstream, midstream and downstream. Established in 1958, Technip is today listed in NYSE Euronext Paris and USA through an American Depositary …

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