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KBR awarded FEED contract by Saudi Aramco, SABIC for chemicals project

Saudi Aramco and SABIC have awarded KBR a project management and FEED contract for Saudi Aramco and SABIC’s fully-integrated crude oil-to-chemicals (COTC) complex in Saudi Arabia.

ADNOC agrees Naphtha deal with Lotte Chemical Titan

The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Lotte Chemical Titan (LCT), one of the largest polyolefin producers in South East Asia, for the sale of up to one million tonnes per year of naphtha to the Malaysian petrochemicals’…

ExxonMobil promotes Neil Chapman to SVP and creates a new head of Chemical division

ExxonMobil has promoted Neil Chapman to the position of senior vice president and member of the corporation’s management committee. As successor to Chapman, the U.S. oil giant appointed John Verity as president of ExxonMobil Chemical Company.

Challenges ahead for global chemicals M&A – A.T. Kearney

The peak in chemicals M&A may be coming to an end, according to A.T. Kearney’s new Chemicals Executive M&A Report. Despite more than 60 per cent of global chemicals sector executives anticipating stronger M&A activity in 2018 than in 2017, a growing…

ADNOC signs Ruwais MoU with chemicals company Ravago

Abu Dhabi National Oil Company (ADNOC) said it signed a preliminary agreement with chemicals company Ravago to explore opportunities for cooperation at the Ruwais Industrial Complex in the UAE.

Sadara Chemicals signs supply deal with Harcros-ARA

Sadara Chemical Company (Sadara) said it signed a supply agreement with Harcros-ARA, a new chemicals distribution joint venture that will feed into a new chemical facility in Jubail.

Lukoil to build $2.1 bln Russian chemicals complex

Lukoil is planning to invest a 120 billion roubles (US$2.1 billion) to build a chemicals complex on the Northern coast of the Caspian Sea that will use natural gas as a feedstock.

Saudi Aramco agrees with SABIC to develop $20 bln crude to chemicals complex

Saudi Aramco has signed a preliminary agreement with SABIC to start work on developing a fully integrated crude oil to chemicals (COTC) complex in Saudi Arabia.

Sadara Chemicals inks pipeline deal

Sadara Chemical Company said it has entered into a pipeline engineering contract with Amec Foster Wheeler and Partners Engineering Co. – Al Khobar.

Saudi Aramco to buy $900 mln stake in Petronas Chemicals’ unit

Malaysia’s Petronas Chemicals Group (PCG) said it has agreed to sell a 50 per cent stake in its polymers business to a unit of Saudi Aramco for US$900 million, to share risk on the project which is still underway.