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Sabic & ExxonMobil Evaluating 1.8mn Tons/Year Record Cracker
...tput estimated at 64mn tons in 2014, it is currently facing competition from two large joint ventures involving state-owned petroleum giant Saudi Aramco. The 3.2mn t/y Sadara joint venture between Aramco and US chemicals firm Dow has completed two 375,000 t/y linear low density polyethylene units an...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Petro Rabigh Cracker Outage
...bigh threatened to terminate Rawec’s supply agreement. However, the dispute was resolved after Rawec paid Petro Rabigh SR750mn ($200mn) in compensation, along with a SR188mn ($50mn) reduction in tariffs and a SR188mn investment in improving the reliability of its supply systems (MEES, 6 June 2014). ...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
UAE Links Fuel Prices To Global Markets From 1 August
.../B ($0.49/liter) for 95 ron unleaded gasoline, and $70/B ($0.44/liter) for diesel. However, pump prices were also at similar levels a year ago, when, of course, international market prices were far higher. To give an indication of potential savings MEES has crunched the numbers for 2014, when UAE co...
Volume: 58Issue: 30Published at Fri, 24 Jul 2015 -
Saudi Petchem Firms Mainly Report Improved Profits, SABIC Eyes Price Rise
...SAUDI ARABIA Saudi petrochemicals companies mostly reported improved profits for the second quarter and the first half of 2014, with better market conditions reflected in higher market capitalization for all players. State-owned petchems giant SABIC saw profits rise 7% in the second qu...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
MENA Leads OPEC Refining Hike As First Mega-Refinery Comes Onstream
...wly released Annual Statistical Bulletin 2014. The data includes the first of the Gulf mega-refineries to be completed: the 400,000 b/d Satorp joint venture of Saudi Aramco and France’s Total. The similar-sized Aramco/Sinopec Yasref refinery and Aramco Jazan refinery are due onstream in 2014 and 20...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Sipchem-Hanwha EVA/Molds JV
...ternational Diol Company (IDC) affiliate’s 75,000 t/y butanediol plant in Jubail. Work is expected to improve the plant’s efficiency and reliability and is scheduled for completion in the fourth quarter of 2014. On 17 July Sipchem announced its 2Q13 financial results, with increased profits being at...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013