SOCAR Polymer to create clusters to kick-start Azeri SMEs

SOCAR, Azerbaijan’s state-owned oil company, is to use its new $750m petrochemical complex to kick-start the…

Now Total considers investing $10bn in Iranian petrochemicals development

Just months after signing a $5bn deal  to participate in the development of Iran’s giant offshore …

Rosneft and ChemChina sign up to giant FEPCO petrochemical JV

FEPCO: China’s chemical giant ChemChina yesterday agreed to enter into a joint venture  with Rosneft to…

SOCAR scales back plans for Azeri gas chemical complex as Japanese pull out

Azeri gas chemical complex: The annual processing capacity of Azerbaijan’s planned new gas chemical complex is to be…

SPIEF#1: Lukoil puts “non-strategic” European oil refineries up for sale

Russia’s largest privately owned oil company  Lukoil is gearing up  to sell off its oil refineries in Italy, Romania, Bulgaria…

China and Azerbaijan sign MoU for $17bn OGPPC downstream project

OGPPC: China’s largest oil and gas producer and supplier CNPC has signed an MoU with the…

Tehran looking to attract $77bn for Iranian petrochemical industry

The Iranian petrochemical industry needs to attract $77bn in investment by the end of the decade if it…

China’s CNTIC to invest €1.7bn in Iranian Mehran petrochemical plant

 Mehran petrochemical plant: CNTIC  –  the China National Technical Import & Export Corporation – this week agreed…

Iran considers Austrian petrochemical hub to target Eastern Europe

Austrian petrochemical hub: Iran’s Petrochemical Commercial Company (PCC) is thinking of building  a petrochemical hub in Austria…

Iran eyes up Indian oil refineries in bid to secure exports

Iran would be  interested in developing  Indian oil refineries as a means of ensuring the sale of its crude oil…

Astana looks for new partner for $4.1bn Atyrau petrochemical complex

Kazakhstan is looking for a new partner to help build phase two  of the Atyrau petrochemical complex after last month’s…

SOCAR shelves plans for $8.5bn Sangachal petrochemical complex

The global collapse in oil prices has forced the State Oil Company of Azerbaijan (SOCAR) to shelve…

Italy’s Maire Tecnimont signs €1bn petrochemical deal with Iran

The Italian engineering company Maire Tecnimont has signed a €1bn agreement with Persian Gulf Petrochemical Industries (PGPIC) to…

German and Japanese firms pledge $4bn to Iranian petrochemicals

Iranian petrochemicals: The German Linde Group has joined forces with Japan’s Mitsui to put together a $4bn investment…

Germans propose $12bn investment in Iranian petrochemicals sector

 A group of German companies are proposing to invest €12bn in the Iranian petrochemicals sector, Iran’s Deputy Oil Minister…

Turkish investors eye up $6bn investment in Maku petrochemical plant

A group of Turkish investors is considering investing $6bn in a petrochemical plant in Iran’s north-western city…

Iran and China join in construction of Kazakhstan’s Mangistau oil refinery

Mangistau oil refinery: Iran, China and Kazakhstan are to join forces to build a new oil…

KazMunayGas considers Kazakh oil refinery privatisation

Kazakh oil refinery privatisation: Kazakhstan’s  Atyrau, Pavlodar and Shymkent  oil refineries could be put up for…

Petrovietnam to build Dagestan oil refinery

Vietnam’s state-owned PetroVietnam  has agreed in principle to invest up to $300m in the construction of…

Indian Oil plans $3bn petrochemicals plant in Iran

Indian Oil  is planning to build a $3bn petrochemicals plant in Iran, according to unnamed sources quoted in Bloomberg yesterday. The…

European refineries keen to resume purchase of Iranian oil

Refineries in southern Europe are ready to resume purchases of Iranian oil, hoping to reduce the…

SOCAR commits $1.2bn to modernisation of Azeri oil refineries

Azeri oil refineries: Azerbaijan’s state-owned oil company  has committed $1.2bn to the modernisation of the country’s  oil  refineries.…

Russia considers reducing Belarus oil supply as Minsk redirects petroleum exports

Belarus oil supply: In yet another indication that all is not necessarily plain sailing within the newly formed…

South Korea signs up to $4.5bn Uzbek petrochemicals project

Uzbek petrochemicals: South Korean President Park Geun-hye and her Uzbek counterpart Islam Karimov have signed an…