Petrochemicals

Oxy sees Q1 2011 production jump

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Occidental Petroleum (Oxy) has seen a rise in oil and gas production which has helped it see profits rise in Q1 2011.

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SABIC to develop six cities in Saudi

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Saudi Basic Industries Corp. (SABIC) and the Saudi Industrial Property Authority (Modon) signed a three-way deal recently with Boston Consulting Group (BCG) to conduct a study to develop six cities in the Kingdom.

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'Final' major contract awarded by Borouge

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Borouge, a leading provider of innovative plastics solutions, has awarded a contract worth US$169 million to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais, Abu Dhabi.

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Octal secures funds for expansion plan

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Global PET packaging leader OCTAL is on track to complete the second phase of its operational expansion this year following a new round of funding from six Middle Eastern banks.

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Iranian products prove popular

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The Petrochemical Commercial Company (PCC), a subsidiary of the National Petrochemical Company (NPC), reported exporting petrochemical products worth US$7.6 billion during the first ten months of the current Iranian year (started March 21 2010).

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