Qatar Petroleum (QP) and Qatar Petrochemical Co (Qapco) have signed a Heads of Agreement (HoA) for the development of a new US$5 billion petrochemical complex in Ras Laffan Industrial City.
Petrochemicals
Qatar to boost petrochemicals investment
Qatar plans to spend US$25 billion on expanding its domestic petrochemical industry over the next decade, an official said.
Sabic and Sinopec sign Protocol of Cooperation
Saudi Basic Industries Corp (Sabic) signed a cooperation deal with China Petrochemical and Chemical Corp (Sinopec Group) to explore opportunities in new petrochemical projects.
Oman and UAE considering joint refinery project
UAE and Oman are discussing the possibility of jointly building a 230,000 bpd refinery in Oman, according to the UAEs economy ministry.
Regional petrochem companies see profits rise
Profits from petrochemical companies in the GCC increased 62.4 per cent YoY to US$3.57 billion in the third quarter of 2011, according to a report by Global Investment House (Global).