Iranian petrochemical exports are set to jump from $15bn in the Islamic Republic’s current calendar year…
Petrochemicals
Business news and investment opportunities in the global petrochemicals sector
STATS
The top ten global petrochemical companies based on the 2008 revenues
Source: ArabianOilandGas.com
Company | Country | 2008 revenues USD (billions) |
BASF | Germany | 62.30 |
Dow Chemical | United States | 57.51 |
ExxonMobil Chemical | United States | 55 |
LyondellBasell Industries | Netherlands | 51 |
INEOS | United Kingdom | 47 |
SABIC | Saudi Arabia | 37.66 |
DuPont | United States | 31.83 |
Formosa Plastics Corporation | Taiwan | 31.5 |
Sumitomo Chemical | Japan | 16.65 |
Chevron Phillips | United States | 13 |
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…
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…