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Middle East

Plastic cooling towers suitable for high temp, humid locales

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High-density polyethylene (HDPE) “plastic” cooling towers, used in U.S. industrial sectors for a number of years, are most recently finding a niche internationally, notably with installations at two projects in the Middle East.
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Alcoa-Ma'aden joint venture a boon for Saudi Arabia

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U.S. aluminum giant Alcoa and the Saudi Arabian Mining Company (Ma'aden) announced that they have completed the first stage of their joint venture project.
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US imposes sanctions on Iran's petrochemical sector

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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

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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

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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

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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

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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

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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

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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

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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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