Consulting 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
Petrochemicals
TechnipFMC gets Pakistan refinery contract
Pak-Arab Refinery Ltd (PARCO) has awarded oilfield services company TechnipFMC an engineering contract for a refinery at Hub near Karachi, Pakistan
ADNOC, OCP to create fertiliser JV
The Abu Dhabi National Oil Company (ADNOC) and OCP Group of Morocco (OCP) agreed to create a fertilisers joint venture, as part of ADNOCs attempt to diversify its portfolio from oil and gas assets
ADNOC to invest US$45bn over five years in downstream bet
Abu Dhabi National Oil Company (ADNOC) said it would invest US$45bn over the next five years to boost the companys downstream portfolio, giving it a chance to cash in on the growing demand for petrochemical products
KBR gets engineering contract for Aramco, SABIC’s oil-to-chemicals project
State-owned Saudi Aramco and Saudi Basic Industries Corp (SABIC) awarded KBR an engineering contract for their joint crude oil to chemicals project worth over US$20bn