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Middle East

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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Gulf petrochemicals producers to outline future strategies

DUBAI — Petrochemical producers from the Gulf countries need to find ways to develop their business to its full capacity, says Dr Abdulwahab Al-Sadoun, secretary general of the Gulf Petrochemicals and Chemicals Association (GPCA).
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Iraqi oil poised to become game-changer

PARIS — Iraq’s energy sector holds the key to the country’s future prosperity and can make a major contribution to the stability and security of global energy markets, the


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Fire at Iran’s biggest petrochemical plant kills one, injures 15

TEHRAN, Iran — A gas leak in a feeding line sparked a fire Friday at Iran’s biggest petrochemical plant, AFP reported. The blaze at the Bandar Imam petrochemical complex
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A. Schulman announces joint venture to produce polypropylene compounds in Saudi Arabia

AKRON, Ohio — A. Schulman, an international supplier of high-performance plastic compounds and resins, has entered into a joint venture agreement with National Petrochemical Industrial Company of Jeddah, Saudi
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