Petrochemicals

The petrochemicals industry contributed to 31% of the GCC’s total manufacturing GDP, according to the latest industry report by the GPCA.

Penn West Petroleum Ltd has sold its non-operated 9.5% working interest in they Weyburn Unit.

IFR has formed a strategic joint venture with Petrochemical Leader Grupo Idesa.

Axiall Corp. has sold its aromatics business to INEOS Americas LLC.

Denise Gray will assume the role of CEO as of 1 October.

Lynden Energy has released its financial and operating results for 1H15.

Alfa Laval will supply various pieces of equipment to a new petrochemical plant.

Manoir Industries will supply reformer tubes to Technip

Ningxia Baota intends to build a 1.2 million tpy unit at the Ningxia Ningdong Energy and Chemical Zone in Ningxia Hui Autonomous Region, China.

Rolta has announced that it has received an additional $13 million engineering systems contract for one of the largest petrochemical complexes.

Technip has been contracted by Unipetrol to carry out the engineering, procurement and construction (EPC) work for a new polyethylene plant in Czech Republic.

Clariant has been included in the DJSI for the third consecutive time.

PTT GC America has selected Bechtel, JGC America, Samsung Engineering America to design a new petrochemical complex.

The companies’ delegations were presented with plan and progress reviews of the project.

Rosneft and ChemChina have signed a Heads of Agreement on cooperation in equity investment in CCPC.