Saudi Kayan Petrochemical Company, a unit of Saudi Basic Industries Corporation (Sabic), announced that it started commercial operations at most of its plants in Jubail Industrial City.

Saudi Basic Industries Corp.(SABIC) discussed pursuing new ventures for investments, during a recent visit by a senior British delegation.

Egypt awarded South Korea's SK Engineering & Construction a US$3.5 billion deal to build a petrochemicals complex in Egypt in a joint venture it operates with US firm Shaw Group.

According to a new report by National Commercial Bank (NCB), Saudi Arabia has 62 petrochemicals projects valued at around US$63 billion and is set to produce 32 per cent more petrochemicals by 2015.

Iraq's cabinet has approved a US$468.5mn preliminary contract with Saipem, Europe's largest oilfield-services provider, to develop export facilities in the country's south, State Minister Ali Al Dabbagh said.