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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

Saudi Aramco to retender Ras Tanura in late 2014 or early 2015 Subscription

1 July 2014 | By

Front-end engineering and design being reconfigured to fit new scope of work for the Ras Tanura refinery clean fuels and aromatics project

Oman invites financial adviser bids on Sohar petrochemicals complex Subscription

1 April 2014 | 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 | 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 | By

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

QP downstream scheme to drive enterprise Subscription

18 March 2014 | 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 | By

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

Total studies plans for Iraq petrochemicals complex Subscription

2 March 2014 | By

Preliminary agreement signed with Industry & Minerals Ministry in November 2013

Project bids

Oman seeks interest in Liwa Plastics construction tender Subscription

1 July 2014 | By

Companies ask to express interest in $3.6bn petrochemicals project in Sohar

Sabic joint venture yet to sign petrochemicals plant deal Subscription

30 June 2014 | By

Nothing has been finalised on project to build two petrochemicals facilities in Saudi Arabia, say sources

Frontrunners emerge for $500m Sabic project Subscription

4 June 2014 | By

Decision expected to be made between Spanish and Taiwanese contractors

Bids in for $500m Sabic petrochemical plant Subscription

2 March 2014 | By

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

Project awards

Oman awards five technology licences on Liwa Plastics Subscription

16 July 2014 | By

Petrochemicals deals worth $80m handed to Randall, Axens, CB&I, LyondellBasell and Univation

Linde wins design deal on Salalah ammonia plant Subscription

23 June 2014 | By

Construction deal of Omani chemicals project expected to be tendered at the end of 2014

Drake & Scull wins $599m contract on Egypt chemicals complex Subscription

15 May 2014 | By

Dubai group joins consortium building utilities and offsite utilities at cracker project

System Construct awarded Abu Dhabi polymer additives plant Subscription

23 April 2014 | 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 | 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 | 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 | 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 | By

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

Financing

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30 June 2014 | By

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25 June 2014 | By

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Egypt’s Tahrir Petrochemical project seeks ECA finance Subscription

14 May 2014 | By

UAE’s Drake & Scull latest firm to win contract on project

Chinese to fund completion of Iran chemicals complex Subscription

14 April 2014 | 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 | 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 | 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 | By

Industrial city plans massive outlay aimed at attracting downstream petrochemicals converters

Sabic delays acrylonitrile plant tender Subscription

20 March 2014 | By

Discussions ongoing with joint venture partners regarding budget

Updates

Start-up of Saudi urea plant pushed back Subscription

25 June 2014 | By

Safco-5 fertiliser plant to start up in the first quarter of 2015 amid construction delays

Iraqi firm pushes ahead with fertiliser revamp Subscription

23 April 2014 | By

Baiji fertiliser plant to be rehabilitated and expanded

Chinese to fund completion of Iran chemicals complex Subscription

14 April 2014 | 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 | 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 | By

Discussions ongoing with joint venture partners regarding budget

Qatar Petroleum has feedstock for further chemicals expansion Subscription

18 March 2014 | 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 | By

PlusTech expected to create 2,000 jobs in downstream industries

Petrochemical trends

March contract awards

Middle East contracts awarded: March 2014 Subscription

17 April 2014

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

Filter all petrochemicals analysis by country

MEED comment

Refinery

Chemicals plan hits fuel hurdle Subscription

3 April 2014 | 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 Subscription

27 March 2014 | 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

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

See all MEED commentary

Special reports

Petrochemicals

Petrochemicals: Evolution of the region’s plastics industry Subscription

19 February 2014

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

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

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

See all petrochemicals special reports

Presentations

Lusail Iconic stadium

Webinar: Qatar Projects Subscription

8 April 2013

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

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 Damietta Fertiliser Plant Expansion Egypt 1,800
2 Tahrir Petrochemicals Complex: Offsites & Utilities Egypt 1,700
3 Expansion of Rabigh Aromatics Complex (RP2) Saudi Arabia 1,500
4 Borouge 3 Expansion Project: Ruwais Polyolefins Unit UAE 1,250
5 Jubail New Petrochemical Complex: Mixed Feed Cracker Saudi Arabia 1,000
6 Borouge 3 Expansion Project: Ruwais Offsites & Utilities UAE 973
7 Waad al-Shamal Mining City: Phosphoric Acid Plant Saudi Arabia 933
8 Jubail New Petrochemical Complex: Polyethylene Package Saudi Arabia 900
9 Waad Al Shamal Phosphate City: Package 1 (Ammonia Plant) Saudi Arabia 825
10 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 Q4 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014

Project trends

Gulf projects index

UAE decline leads fall in Gulf index Subscription

27 February 2014

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

See all Gulf Projects Index articles

People

Wael Sawan

16 June 2014

Wael Sawan is managing director and chairman, Qatar Shell Companies

Thani Thamer Mohammad al-Thani

16 June 2014

Thani Thamer Mohammad al-Thani is deputy general manager, Qatar Shell

Ziad al-Labban Subscription

9 March 2014

Ziad al-Labban is CEO, Sadara Chemical Company

Alan Yeap

20 February 2014

Alan Yeap is CEO, New Quantum Holdings

Daniel Starta

20 February 2014

Daniel Starta is managing director and partner, AT Kearney Limited

Graham Hoar

20 February 2014

Graham Hoar is vice president, Middle East, Nexant

See all petrochemicals biographies

Meet the analysts


Kevin Baxter
Energy and Industries Editor
Countries covered: Saudi Arabia, Bahrain, Qatar, Algeria

Phone: +971 (0)4 818 0246
Email: kevin.baxter@meed.com

Mark Watts
Energy and Industries Reporter
Countries covered: UAE, Oman, Iran

Phone: +971 (0)4 818 0248
Email: mark.watts@meed.com

Tenders

Kuwait: Testing, auditing and compliance works Subscription

8 July 2014 | By

Carrying out testing, auditing and compliance works for chemical consignments

See all petrochemical tenders

Research Reports

qatar

Qatar Projects Market Report 2014

3 April 2014

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

See all research reports

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MEED events

Kuwait Projects 2014

Kuwait Projects 2014

Exploring project opportunities in the Kuwait Market

See the MEED events calendar

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