Tag: petrochemical
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Algeria reveals the reasons for the withdrawal of “Total” from the huge petrochemical project
The CEO of Sonatrach in Algeria, Toufic Hakkar, announced the reasons that prompted the French energy company, Total Energy, to withdraw from the giant petrochemical project, which is located in the Arzew industrial zone, which was contracted today, Sunday, June 11 (2023), between the two companies. Algeria’s Step Polymers, and British Petrofac. Hakkar said, on…
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Egypt announces the developments of its huge petrochemical production project
Petrochemical production in Egypt is witnessing increasing interest from the government, in light of the great importance this sector represents in supporting the national economy. Within this framework, Egypt announced today, Thursday, May 11, 2023, the developments of its large project, represented in an integrated industrial complex with international specifications for the production of petrochemicals.…
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The Iranian petrochemical industry is courting investors in Europe and America
The Iranian petrochemical industry has achieved remarkable successes recently, as part of the country’s aspirations to develop the leading sector, increase global competition, and open new markets. In this context, the CEO of the National Iranian Petrochemical Industries Company, Morteza Shahmirzai, said that his country has a market for long-term investments. Shahmirzai added that the…
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Saudi Aramco lays the foundation stone for the largest petrochemical project in South Korea (photos)
Saudi Aramco laid the foundation stone for the largest petrochemical project in South Korea, with investments amounting to $7 billion. Korean President Won Seok Yul participated in the laying ceremony of the foundation stone for the Shaheen project, which is being implemented by S-Oil, a subsidiary of the Saudi oil giant. Saudi Aramco announced the…
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South Korea plans to win the Al-Zour petrochemical complex project in Kuwait
South Korean companies are competing to implement the Al-Zour Petrochemical Complex project in Kuwait, whose investments are estimated at about $10 billion. In this context, the South Korean government sent a team to support its companies winning contracts to build the huge petrochemical complex in Kuwait, according to data seen by the specialized energy platform.…
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Exporting natural gas or petrochemical products… Which is a priority for Iran? (article)
Read in this article • Iran consumes most of the natural gas inside the country in the sectors of fuel, raw materials and injection • Iran exports 70% of the final products of the petrochemical industry and consumes 30% locally • The competition between methanol and LPG will depend on the price of oil in…
