Petrochemicals

Middle East polythene capacity set to grow at 6.3 per cent: GlobalData

28770414521 5abc896342 zMiddle East polyethylene capacity is expected to increase from 20.80 mtpa in 2018 to 28.52 mtpa in 2023 at an average annual growth rate (AAGR) of 6.3 per cent, according to data and analytics company GlobalData

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Saudi Armaco selects UK’s Element as approved supplier

Photoshoot AmsterdamNL Amsterdam Shot7 1124 2213UK-based Element Materials Technology (Element), a provider in testing, inspection and certification services, has been selected as an approved supplier for Saudi Aramco, petroleum and natural gas company

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Saudi Aramco to acquire stake in South Korean Hyundai Oilbank

Aramco HHIH Signing Ceremony Photo 3Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), is set to purchase a 17 per cent stake in South Korea’s Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings

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Iran, Iraq agree for development of joint oilfields

127424524242542424Bijan Zangeneh, Iranian minister of petroleum, has announced that Iran and Iraq have reached an agreement for joint development of the Naft Shahr and Khorramshahr joint oil fields

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Aramco Trading signs supply deal with Poland’s refiner

Aramco PKN Orlen Signing Ceremony April 11 2019Aramco Trading, Saudi Aramco’s trading subsidiary, has signed an agreement to supply Arabian crude oil to Poland’s leading refiner, PKN Orlen, in exchange for a similar volume of high sulfur fuel oil from the Polish refiner

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