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Petrochemicals

Middle East petrochemicals news, analysis, tenders, contracts awarded, commentary and data. Keep up to date by signing up to MEED's petrochemicals newsletter. If you are not a subscriber but need access then subscribe to the region's leading business intelligence service now
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New projects

Oman invites financial adviser bids on Sohar petrochemicals complex Subscription

1 April 2014, 11:48 GMT | By

Interested companies given 6 May deadline to submit proposals on $3.6bn Sohar petrochemicals project

Lukoil studies Iraq petrochemicals plant Subscription

1 April 2014, 10:43 GMT | By

Lukoil feasibility study under way in Iraq for methane and methanol production from associated gas

Sabic and Shell award polyurethane plant design to KBR Subscription

19 March 2014, 8:45 GMT | By

New complex planned for Jubail could have budget of up to $3bn

QP downstream scheme to drive enterprise Subscription

18 March 2014, 7:50 GMT | By

Two new petrochemical projects to offer product slates to conversion industries at Ras Laffan

Petrixo Oil & Gas plans Fujairah bio-fuel refinery Subscription

5 March 2014, 11:18 GMT | By

1 million tonne a year biofuel facility to cost $800m

Total studies plans for Iraq petrochemicals complex Subscription

2 March 2014, 7:01 GMT | By

Preliminary agreement signed with Industry & Minerals Ministry in November 2013

Kuwait to award $30bn of major downstream oil projects in 2014 Subscription

26 November 2013, 5:12 GMT | By

State owned companies plan to spend $50bn over next decade to integrate and move ahead with several major schemes

Oman Chlorine backs $70m chlor-alkali chemicals plant in UAE Subscription

17 November 2013, 7:54 GMT | By

New operation to be built at ICAD Industrial Zone, Abu Dhabi, by 2015

Foster Wheeler wins Kuwait petrochemicals study Subscription

10 October 2013, 7:35 GMT | By

Feasibility and market studies commissioned for new aromatics plant

Abu Dhabi set to approach advisers for Chemaweyaat Subscription

6 October 2013, 7:45 GMT | By

Giant petrochemicals scheme will soon start seeking a financial adviser

Project bids

Bids in for $500m Sabic petrochemical plant Subscription

2 March 2014, 7:51 GMT | By

Four bidders remaining for joint venture project planned for Jubail in the Eastern Province

Partners tender $6.4bn Al-Karaana petrochemicals complex Subscription

20 February 2014, 9:14 GMT | By

Joint venture of Qatar petroleum and UK/Dutch Shell Group invites contractors to bid for two contracts

Award on Fujairah petrochemicals terminal expected by end of month Subscription

14 January 2014, 7:40 GMT | By

Local company to establish new storage hub on east coast of the UAE

Project awards

System Construct awarded Abu Dhabi polymer additives plant Subscription

23 April 2014, 12:47 GMT | By

Polysys Additive Technologies’ plant expected to be complete by the end of 2014

Tecnimont-Archirodon consortium selected for Egypt cracker complex Subscription

7 April 2014, 13:29 GMT | By

Carbon Holdings awards contract valued at $1.7bn-1.95bn to build utilities and offsite facilities

WorleyParsons wins Oman petrochemicals contract Subscription

30 March 2014, 11:17 GMT | By

Australian group to oversee development of polyester chemicals complex in Sohar

Oman awards two contracts on $3.6bn petrochemicals complex Subscription

24 March 2014, 5:46 GMT | By

CB&I and Engineers India pick up deals on Liwa Plastics’ design and project management

Sabic and Shell award polyurethane plant design to KBR Subscription

19 March 2014, 8:45 GMT | By

New complex planned for Jubail could have budget of up to $3bn

Abu Dhabi signs $1bn-plus chemicals joint venture Subscription

7 January 2014, 8:49 GMT | By

Abu Dhabi’s Chemaweyaat and Singapore’s Indorama to push ahead with Tacaamol aromatics complex in emirate’s Western Region

Maire Tecnimont wins Al-Sejeel feed contract Subscription

16 December 2013, 11:27 GMT | By

Italian engineering company selected for technical packages at $7.4bn Qatari petrochemicals complex

Italy’s FATA awarded $70m Abu Dhabi chlorine plant Subscription

3 December 2013, 11:20 GMT | By

UAE-Oman-owned facility expected to start up in third quarter of 2015  

Financing

Chinese to fund completion of Iran chemicals complex Subscription

14 April 2014, 9:20 GMT | By

Lordegan fertiliser chemicals project in Iran to be completed with $591m of investment from Chinese firms, claims report

Oman invites financial adviser bids on Sohar petrochemicals complex Subscription

1 April 2014, 11:48 GMT | By

Interested companies given 6 May deadline to submit proposals on $3.6bn Sohar petrochemicals project

Carbon Holdings aims to complete Egypt cracker financing by year-end Subscription

25 March 2014, 9:59 GMT | By

Private company aims to raise about $1bn from market after completing deals with banks and strategic partners

Yanbu Industrial City plans $61bn of investment Subscription

24 March 2014, 6:32 GMT | By

Industrial city plans massive outlay aimed at attracting downstream petrochemicals converters

Sabic delays acrylonitrile plant tender Subscription

20 March 2014, 5:56 GMT | By

Discussions ongoing with joint venture partners regarding budget

Downstream provides more jobs than megaprojects in Saudi Arabia Subscription

4 March 2014, 11:45 GMT | By

Conversion industries creates 1,750 jobs for every SR1bn invested

Banks vie for Oman refinery project Subscription

9 February 2014, 6:52 GMT | By

Bids submitted to finance expansion of Sohar refinery in Oman

Banks due to submit bids for Oman refinery project Subscription

30 January 2014, 9:57 GMT | By

Project covers expansion of Sohar plant

Updates

Iraqi firm pushes ahead with fertiliser revamp Subscription

23 April 2014, 10:01 GMT | By

Baiji fertiliser plant to be rehabilitated and expanded

Chinese to fund completion of Iran chemicals complex Subscription

14 April 2014, 9:20 GMT | By

Lordegan fertiliser chemicals project in Iran to be completed with $591m of investment from Chinese firms, claims report

Egypt ammonium nitrate plant due for completion in 2014 Subscription

24 March 2014, 10:40 GMT | By

Facility will be the first to produce the chemical in the Middle East and North Africa region

Sabic delays acrylonitrile plant tender Subscription

20 March 2014, 5:56 GMT | By

Discussions ongoing with joint venture partners regarding budget

Qatar Petroleum has feedstock for further chemicals expansion Subscription

18 March 2014, 8:29 GMT | By

State-owned oil company Qatar Petroleum eyeing investment opportunities that could use more feedstock

PetroRabigh conversion park reaches 90 per cent capacity Subscription

5 March 2014, 8:02 GMT | By

PlusTech expected to create 2,000 jobs in downstream industries

Sadara Chemical complex 40 per cent complete Subscription

4 February 2014, 9:52 GMT | By

Sadara Chemical complex will be the world’s largest single-phase integrated chemicals facility

Al-Sejeel expected to extend cracker submission dates Subscription

28 January 2014, 9:45 GMT | By

Technology providers and construction partners will be given more time to formulate bids

Petrochemical trends

March contract awards

Middle East contracts awarded: March 2014 Subscription

17 April 2014, 12:23 GMT

Over $12bn of contracts awarded in March in the Middle East

Kuwait

Kuwait’s year of progress Subscription

20 February 2014, 14:45 GMT | By

A new parliament has meant several high-profile contracts have now been awarded in the country

Global linear alkyl benzene production

Farabi Petrochemicals Company Subscription

10 December 2013, 12:35 GMT | By

The Saudi firm is looking to become a leading producer of linear alkyl benzene by 2014

Middle East contract awards

Middle East contracts awarded: November 2013 Subscription

5 December 2013, 8:15 GMT

Over $11bn awarded in November in the Middle East

Iran petrochemicals production

Impact of Iran’s nuclear deal on petrochemicals limited Subscription

27 November 2013, 8:06 GMT | By

Analysts forecast lifting of international sanctions will have little effect on Iranian exports

Filter all petrochemicals analysis by country

MEED comment

Refinery

Chemicals plan hits fuel hurdle

3 April 2014, 15:21 GMT | By

A planned oil-to-chemicals project in Yanbu has huge potential, but could be derailed by the amount of subsidised fuel it needs for power

Gasification

Jizan success to attract investors

27 March 2014, 14:33 GMT | By

While the gasification scheme is expensive, it could end up paying for itself very quickly

Petrochemicals

Firms line up for Al-Karaana complex Subscription

20 February 2014, 16:15 GMT

Petrochemicals scheme will be followed by a near-identical project. Focus will switch to the football World Cup after projects are finished

Petrochemicals

Saudi petrochemicals dominance set to continue Subscription

24 October 2013, 15:18 GMT

Job creation and economic diversification are driving investment in petrochemicals

Shale gas

Shale gas plans move forward

3 October 2013, 15:36 GMT | By

Although there have been no official announcements, large-scale production of shale gas is looking likely in Saudi Arabia

Demand: The Asian market is set to grow the fastest

US fertiliser capacity is rising sharply

3 October 2013, 15:33 GMT | By

GCC producers could face a downturn in the price of fertilisers later in the decade due to the US’ rapid increase in production

Petrochemicals

Abu Dhabi revives chemicals plans

5 September 2013, 15:49 GMT | By

Awards on Tacaamol project and Taweelah alumina refinery show emirate is looking to achieve economic masterplan objectives

Petrochemicals

Riyadh braces for oil oversupply

5 September 2013, 15:45 GMT | By

$70bn refining petrochemicals integration plan could insulate Saudi Arabia against oil price shocks and help maximise its revenue base

See all MEED commentary

Special reports

Petrochemicals

Petrochemicals: Evolution of the region’s plastics industry

19 February 2014, 15:02 GMT

Despite increasing product diversity, the Middle East petrochemicals sector must seek new markets in light of increased competition

Petrochemicals

Petrochemicals: Riyadh leads project spending Subscription

24 October 2013, 14:20 GMT

The GCC’s petrochemicals industry has undergone massive expansion over the past half-decade

EPC

Engineering, Procurement & Construction 2013: Tapping the region's community

9 October 2013, 13:59 GMT

Welcome to Engineering, Procurement & Construction in the Middle East, sponsored by Arabtec and Samsung Engineering

Plastic bottles

Petrochemicals: Asian demand to drive Gulf industry Subscription

15 May 2013, 13:23 GMT

The Gulf’s petrochemicals industry is no longer on an unstoppable ascent

See all petrochemicals special reports

Presentations

Lusail Iconic stadium

Webinar: Qatar Projects Subscription

8 April 2013, 8:50 GMT

There are more than $220bn-worth of projects planned or under way in Qatar, as it pushes forwards with major infrastructure developments

Abu Dhabi petrochemicals plant

Future developments in Middle East petrochemicals Subscription

26 March 2012, 8:21 GMT

MEED’s exclusive subscriber-only online seminar on the petrochemicals sector in MENA outside of the GCC

See all presentations

Top 10 projects

Rank Project Name Country Contract value ($m)
1 Tahrir Petrochemicals Complex Egypt 3,750
2 Jubail New Petrochemical Complex: Utilities & Offsites Saudi Arabia 1,650
3 Petro-Rabigh:Phase 2: Expansion of Rabigh Aromatics Comples (RP2) Saudi Arabia 1,500
4 Borouge 3 Expansion Project: Ruwais Polyolefins Unit UAE 1,250
5 Borouge 3 Expansion Project: Ruwais Ethane Cracker UAE 1,075
6 Jubail New Petrochemical Complex: Mixed Feed Cracker Saudi Arabia 1,000
7 Borouge 3 Expansion Project: Ruwais Offsites & Utilities UAE 973
8 Jubail New Petrochemical Complex: Polyethylene Package Saudi Arabia 900
9 Waad Al Shamal Mining City: Package 1 Ammonia Plant Saudi Arabia 825
10 Kemya - Elastomer Plant: Offsites & Utilities Saudi Arabia 800
Click through to the full data table on the biggest petrochemical projects in execution
Click through to MEED's Q3 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: October 2013

Project trends

Gulf projects index

UAE decline leads fall in Gulf index Subscription

27 February 2014, 6:53 GMT

Saudi Arabia, Bahrain and Kuwait only countries to record growth in projects market value

Gulf projects index

Bahrain growth nudges up Gulf index Subscription

7 November 2013, 9:05 GMT

Projects markets in Iraq, Saudi Arabia and Oman also rise as index gains slightly

See all Gulf Projects Index articles

People

Ziad al-Labban Subscription

9 March 2014, 10:53 GMT

Ziad al-Labban is CEO, Sadara Chemical Company

Alan Yeap

20 February 2014, 7:40 GMT

Alan Yeap is CEO, New Quantum Holdings

Daniel Starta

20 February 2014, 7:37 GMT

Daniel Starta is managing director and partner, AT Kearney Limited

Graham Hoar

20 February 2014, 7:32 GMT

Graham Hoar is vice president, Middle East, Nexant

Halim Hamed Redhwi

20 February 2014, 7:23 GMT

Halim Hamed Redhwi is CEO, Dhahran Techno Valley; professor at King Fahd University of Petroleum and Minerals

Simon Holmes

20 February 2014, 7:12 GMT

Simon Holmes is senior adviser, Saudi Arabia Elastomers Downstream Industry Development, ExxonMobil

See all petrochemicals biographies

Meet the analysts


Kevin Baxter
Energy & Industries Editor
Countries covered: Saudi Arabia, Bahrain, Qatar, Algeria
Follow Kevin on Twitter
Phone: +971 (0)4 818 0246
Email: kevin.baxter@meed.com

Adal Mirza
Energy & Industries Reporter
Countries covered: Iraq, Kuwait, Libya, Yemen
Follow Adal on Twitter
Phone: +971 (0)4 818 0234
Email: adal.mirza@meed.com

Mark Watts
Energy & Industries Reporter
Countries covered: UAE, Oman, Iran
Follow Mark on Twitter
Phone: +971 (0)4 818 0248
Email: mark.watts@meed.com

Tenders

Egypt: Laboratory chemicals Subscription

19 April 2014, 11:40 GMT | By

Supply of laboratory chemicals

See all petrochemical tenders

Research Reports

qatar

Exclusive pre-launch offer: Qatar Projects Market Report 2014

3 April 2014, 5:18 GMT

A comprehensive overview of the region’s fastest growing projects market

See all research reports

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