upstream sector

One Day – One Country: Kazakhstan – Turkmenistan

Kazakhstan – Turkmenistan  Key Projects and Business Highlights 2014  Kazakhstan is the second largest after Russia producer of crude oil from the former Soviet Union, it also holds the second largest reserves. More than 40% of the oil and gas production is coming from the famous Tengiz and Karagchaganak.  With the support of the international …

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BP mulls over world-scale petrochemical complex in Oman

BP considers to invest $1 billion in Duqm Acetic Acid  The UK-based international oil company BP is considering to build a greenfield acetic acid plant at Duqm in the south of Oman using newly developed SaaBre technology. For years BP is well known to have concentrated its capital expenditure and technical expertise on the upstream sector …

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Gazprom to lead Neftekhim Salavat Ethylene $4.9 billon expansion

Gazprom creates All-Russia Gas Chemistry Center In 2011, Salavatnefteorgsintez changed name to become JSC Gazprom Neftekhim Salavat (GNS) in order to support the creation of the All-Russia Gas Chemistry Center for the expansion project on the existing Volga petrochemical complex in the Republic of Bashkortostan, Russia. This Gazprom–led project is part of the Russian Government …

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Orpic to invest in greenfield world-scale petrochemical complex

Oman selects Sohar for a $3.6 billion Plastics Project The Oman Refineries and Petroleum Industries Company (ORPIC) took the opportunity of the Polyolefins Plastics Arabia Conference organized in Muscat in May 2013 to unveil the details of a greenfield world-scale petrochemical complex to be located in Sohar. As most of the Gulf countries, the Sultanate …

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