Saudi Arabia's National Petrochemical Company (Petrochem) has completed a 1.2 billion riyal ($319.9 million) debut sukuk issue, it said in a bourse filing on Monday.
The Islamic bond, which has a five year lifespan, was priced
More than 520 local and international exhibitors from 27 countries are showcasing a variety of products at the Saudi Plast and Petrochem 2014, and Saudi Print and Pack 2014 being held in Riyadh.
The largest plastics, petrochemical
As many as 512 exhibitors from 27 countries are set to attend the Saudi Plast and Petrochem 2014 and Saudi Print and Pack 2014 trade fairs this month in Riyadh.
The exhibitions are to be held concurrently at the Riyadh Internation
The investments in Saudi Arabia’s plastics sector has reached $50 billion, while its petrochemical industry is set to achieve a production capacity of over 100 million tonnes per annum by 2015, said a recent study.
Equate Petrochemical Company has announced its sponsorship, for the fourth consecutive year, of the Kuwait Institute for Scientific Research (KISR) summer training program for high school and university students.
Established in 1995, Equat
Honeywell International, a diversified technology and manufacturing leader, said its unit UOP has won a contract from Abu Dhabi Oil Refining Company (Takreer) to provide technology for expanded petrochemical production.
As per the deal, UO
Saudi Industrial Investment Group (SIIG) plans to merge with its unit National Petrochemical Co (Petrochem) and will build a $1.2 billion petrochem complex in 2012, its top executive said.
SIIG currently owns 50 percent of Petrochem and pr
More than 200 delegates from 20 countries are taking part in the first Middle East Chemical Week conference and exhibition which runs until Wednesday.
This is the first time that the annual Petchem Arabia Conference and the Middle East Fer
Korea's largest engineering company Samsung Engineering and its JV partner Maire Tecnimont of Italy won two contracts worth $1.7 billion from Abu Dhabi Polymers Company (Borouge) to build petrochemical plants in the emirate.
Huntsman Corporation and Saudi family-owned conglomerate Zamil Group on Saturday started production at joint-venture plant that will add 6.5 per cent to global ethylene amines supply, state media said.
The 50-50 pertners spent SR1.08 billi