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Middle East

US imposes sanctions on Iran's petrochemical sector

The United States is imposing sanctions on Iran's petrochemical industry in a bid to cut off funds that the Islamic republic might use for developing its nuclear program.
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ExxonMobil, Qatar Petroleum sign deal for natural gas liquefaction project in Texas

The agreement establishes a commercial framework to sell up to the full 15.6 million metric ton annual (MTA) output of the Golden Pass Products liquefaction project.
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Dow Chemical receives $2.2 billion in legal settlement

The $2.2 billion payment from Kuwaiti-owned Petrochemical Industries Co. (PIC) settles a lengthy legal dispute over the failed K-Dow joint venture.
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Qatar Petroleum enters North American natural gas market

The dramatic increase in shale gas output in the United States in recent years has transformed the domestic energy sector but it has also had far-reaching implications in global markets.
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Dow Chemical awarded $2.48 billion in court battle with Kuwaiti company

Legal proceedings that have been going on for years between Dow Chemical Co. and Kuwaiti state-owned Petrochemical Industries Co. are finally over, after an international court awarded an extra $318 million to the American chemical corporation.
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Qatar aims to increase petrochemical output

Qatar is planning to strengthen its position in the petrochemical market by increasing its petrochemical output to 23 million tons a year by 2020, the country's minister of energy and industry Muhammad Saleh Al-Sada said.
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Kazakhstan to spend $3.7 billion on natural gas plant

Kazakhstan plans to spend $3.7 billion on a natural gas processing plant at the BG Group Plc- led Karachaganak field next year.
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Iran reports considerable new oil, gas reserves

Iran's oil minister Rostam Qasemi has announced that huge oil and gas reserves have been discovered on the country's northeastern and western borders with Turkmenistan and Iraq.
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Saudi Arabia considers natural gas price hike

Next year the country may hike the price of its natural gas, which is currently the lowest in the world, in a bid to tackle energy waste and cut high-cost subsidies.
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UAE's biggest petrochemical company launches employment drive

ABU DHABI — Abu Dhabi’s leading petrochemical company, Borouge, has announced plans to expand its operations and focus on creating jobs in the United Arab Emirates (UAE), according to
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