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…

Togliattiazot owners put ammonia producer up for sale

The Samara-based Togliattiazot  (ToAZ) company, one of the world’s largest producers of ammonia in the world…

ChemChina gets OK for Syngenta deal

ChemChina has  won EU  antitrust approval for its $43bn takeover of Swiss pesticide maker Syngenta, paving…

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…

SOCAR Polymer project secures $3.5bn international funding package

Azerbaijan has secured international financing to the tune of $3.5bn  for the development of the massive SOCAR…

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…

Vkontakte founder makes it onto Forbes top 200 Russian rich list

Pavel Durov — the founder of Russia’s most popular social network Vkontakte and mobile messaging app…

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…

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…

Goldman Sachs buys stake in SOCAR Turkey prior to IPO

The Goldman Sachs investment bank has bought a 13% stake in SOCAR Turkey for $1.3bn, the Azeri…

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.…

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…

Hyundai consortium close to $3.89bn Turkmen gas processing plant deal

Hyundai consortium: Having won a $940m contract to upgrade an oil refining facility 500 km north of the…

BBS Singapore firm to invest $2.7bn into infrastructure projects in Russia’s Far East

BBS Singapore: In a deal agreed at the  Krasnoyarsk Economic Forum on Sunday, Baoli Bitumina Singapore (BBS), a subsidiary of…

Inter RAO to invest $2.4bn in Vietnamese power plant

Inter RAO, the Russian diversified energy holding company, has signed an MoU with the authorities in…

NavoiAzot petrochemical plant signed off by Uzbek President Karimov

NavoiAzot petrochemical plant : Uzbekistan’s President Islam Karimov has given the go-ahead for the construction of a…