Saudi Aramco Gulf Operations Company signed a Memorandum of Understanding on Sunday with Kuwait Gulf Oil Company (KGOC) to develop the joint Al-Dorra (Arash) gas field, Reuters reported. The development aims at producing 1 billion cubic feet of gas and 84,000 barrels of liquefied gas per day, according to the Kuwaiti state news agency. Arash […]

The CEO of Bou Ali Sina Petrochemical Company said the company is planning to supply 2 million tons of products in the current year which began on March 21, 2022. The plant’s production capacity is 1.7 million tons per year and realization of 2mt/y would be translated into operating at 120% of its nameplate capacity. […]

In November, we witnessed the flourishing of another plan in the country’s gas industry; unit No. 1 of the Acid Gas Condensation Project of Shahid Hasheminejad Gas Refinery was launched and the executive operation of Unit No. 2 of this project started. Majid Chegeni, the CEO of the National Iranian Gas Company (NIGC), explained in […]

Underlining a recent meeting with the Iranian Minister of Petroleum Javad Owji,  Ahmad Mahdavi Abhari told Tasnim News that feedstock price formula may be revised for petrochemical companies, and said: “With the formation of the first consortium of petrochemical companies to operate in the upstream sector, work has begun on the three gas fields of […]

The head of Shahid Tondgouyan Petrochemical Compound announced the historical production record of 756,000 tons of polyethylene terephthalate since the beginning of the current calendar year, which began on March 21 According to Shahid Tandgouyan Petrochemical Company, Amin Malekzadeh said the plant’s output stood at 1.125 million tons last calendar year which was a new […]

 BASF said costs at its European sites must be cut to a “permanently” smaller size because of a triple burden of sluggish growth, high energy costs and over-regulation, with the German industrial giant’s boss throwing his weight behind a planned expansion in China. “These challenging framework conditions in Europe endanger the international competitiveness of European producers […]