US petrochemicals giant Dow Chemical is not pulling out of Kuwait but is shifting strategy, its chief executive said, after the company announced plans to reduce its equity positions in all of its Kuwaiti ventures.
Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which US petrochemicals giant Dow Chemical plans to sell off, state news agency Kuna quoted a senior Kuwaiti executive as saying.
Saudi Aramco and US-based Dow Chemical have announced that its Sadara petrochemical complex will be completed by the middle of 2015 and it will go into full operation the next year.
The construction work is on track and about 50 p
The Dow Chemical Company will showcase its portfolio of technologies and solutions for the coatings and construction industries at the 2014 Middle East Coatings Show (MECS) opening tomorrow (March 10) in Dubai.
The show will be he
Executives from engineering procurement and construction (EPC) majors Acciona, Senerand TSK and Dow Chemical Company met in Spain recently to celebrate their strong relationship and also their recent contract wins.
A consortium co
Dow Chemical said it would sell a bulk of its chlorine operations - its oldest business - as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion.
Other assets identified for sale by the world'
The Dow Chemical Company has announced its sponsorship support for the Kuwait Institute for Scientific Research’s (KISR) 36th annual summer training course.
Over 150 highly skilled and talented high school and university stu
Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical , has signed a fundraising package for the $19.3 billion petrochemical complex it is building in the east of the kingdom, three banking sources said.
The Dow Chemical Company is showcasing its innovative range of solutions for the concentrated solar power (CSP) industry at a major exhibition that opened in Dubai today (May 14).
The CSP Menasol 2013 fifth North Africa & Midd
Sadara Chemical Company, a joint venture between Saudi Aramco and Dow Chemical, raised SR7.5 billion ($2 billion) from the sale of an Islamic bond (sukuk), to help fund a large petrochemical complex in the east of the kingdom.