Saudi Basic Industries Corp. has reported that it is currently in talks with the Industrial Development Authority of Egypt for the construction of a petrochemicals plant. SABIC are currently in discussions about the land and location for the petrochemicals project.
The country is seeking to build a gas refinery by 2019 near the Karachaganak oil project. The partnership will be lead by BG Group Plc and Eni SpA. Work on the project is expected to start in 2014 as soon as an agreement is met with KazMunaiGaz National Co.
As part of the Qatar National Vision 2030 and the 2011 – 2016 National Development Strategy, the country are going to develop the countries domestic petrochemical and chemical industry over the next 10 years. The country has earmarked US$ 25 billion for the expansion and development plans. The investment is expected to increase the country’s petrochemical capacity to 23 million tpy by 2020 from the country’s current capacity of 9.2 million t.
The upgrade work currently being carried out at the Nafta Industrija Srbije AD refinery is likely to be completed by the end of August this year. Approximately two months after that it is hoped that the facility will be able to produce Euro 5 grade fuels. Capacity at the plant is expected to reach 4 million tpy by 2013.
Petkim has announced plans to invest in a container port in the Aegaean city Izmir. The company are looking to invest US$ 350 – 400 million by the end of 2014. The first phase of construction is expected to be finished by 2013.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/13022012/global-downstream-construction-update45/