Middle East

Yemeni rebels target Saudi Aramco in Jazan

Yemen’s Houthi rebels launched a missile attack on Saudi Aramco, but an oil official in the kingdom said the projectiles were intercepted before they could hit their target in the southern Jazan region.

Oil & Gas

Houston fire a ‘blemish’ for petrochemical industry’s image

The Deer Park petrochemical blaze prompted school closures, shelter-in-place orders, spikes in benzene levels and ship channel closures. It also cast a shadow over a petrochemical sector that has struggled to counter negative stereotypes that present the industry as dirty and dangerous.

Other News

Saudi firm mulls petrochemicals venture with Exxon affiliate

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, said on Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of US firm Exxon Mobil (NYSE: XOM). The project will be on the US's Gulf Coast, possibly in Texas or Louisiana, and will include a production facility which will supply ethylene to other units to produce ethylene derivatives, Sabic said in the statement. The two parties will conduct studies and work with state and local officials to help identify a potential site with adequate infrastructure access before making a final investment decision, said Sabic.

Oil & Gas

South Korea’s GS E&C wins $270 mln contract to expand KPIC’s naphtha unit

South Korea's GS Engineering and Construction Corp has signed a contract to expand a Korea Petrochemical Industry Co (KPIC) naphtha cracking plant for 311 billion Korean won ($270 million), the two companies said on Wednesday. The project will help KPIC expand its ethylene production capacity to 800,000 tonnes per year (tpy) from 490,000 tpy, along with its raising benzene, toluene and xylene production capacity to 300,000 tpy from 220,000 tpy, according to the builder GS E&C in a statement.