Petrochemicals

EBRD provides US$200mn loan to boost energy efficiency in Egypt

SOPCThe European Bank for Reconstruction and Development (EBRD) has announced to provide US$200mn loan to help in energy efficiency and modernisation of the oil refinery owned by Suez Oil Processing Company (SOPC) in Egypt

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Sadara and Harcros-ARA to establish facility in Saudi Arabia’s PlasChem Park

Sadara ARASadara Chemical Company has signed a supply agreement with Harcros-ARA, a new venture being established by international manufacturer and distributor of industrial and specialty chemicals Harcros Chemicals Inc and Riyadh-based ARA Specialty Industrial Company

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A.T. Kearney expects state firms to drive chemicals M&A in the Middle East

Chemicals FactoryConsulting firm A.T. Kearney expects merger activity among chemical companies in the Middle East and Africa to pickup in 2018 as national oil companies in the Gulf beef up and diversify their downstream portfolio

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TechnipFMC gets Pakistan refinery contract

PARCO RefineryPak-Arab Refinery Ltd (PARCO) has awarded oilfield services company TechnipFMC an engineering contract for a refinery at Hub near Karachi, Pakistan

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ADNOC, OCP to create fertiliser JV

ADNOC OCP PhotoThe Abu Dhabi National Oil Company (ADNOC) and OCP Group of Morocco (OCP) agreed to create a fertilisers joint venture, as part of ADNOC's attempt to diversify its portfolio from oil and gas assets

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