Saudi petrochemical projects worth US$63 billion - NCB


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.

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Saipem chosen for Iraqi oilfield project


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.

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PetroRabigh extends bidding for project expansion


Saudi Arabia's PetroRabigh has extended bidding for building parts of an estimated US$6-8 billion expansion project at its giant petrochemical plant.

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SATORP launches its first Sukuk


Saudi Aramco Total Refining and Petrochemical Company (SATORP) launched its first public offering of a Sukuk which will help finance part of its refinery project.

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Growing Iraqi optimism for oil refining expansion


Iraq's oil output could reach up to four million barrels per day (bpd) by the end of next year and it is adding a fifth project to its planned refinery capacity expansion as it seeks to meet domestic demand, its deputy oil minister said.

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