Petrochemicals

An employee uses binoculars to look out towards the Arabian Sea in the Port Control Center at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdoms economic diversification. Photographer: Bloomberg/Bloomberg

Aramco, Sabic to reassess $20bn crude-to-chemicals project

19/10/2020

by Bloomberg

Saudi Aramco and Saudi Basic Industries Corp. will re-evaluate the scope of a planned crude-to-chemicals project in the kingdom as they seek to reduce spending amid a slump in prices for their products.

Gas plans in the MENA region are bucking the global trend, Apicorp has projected, with a particular boost coming from Qatar and its major LNG project.

Petrochemicals

MENA bucks global trend with gas push

12/10/2020

by Ed Reed

Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).