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The Egyptian Chemical Industries Company (KIMA) has signed an agreement with Al-Sharq Al-Haqiqi for Investment, an Egyptian company with Saudi investments, to operate and utilize an electric arc furnace for producing silico-manganese alloys The deal is expected to generate annual revenue of $1.8 million for the state-owned company The agreement grants Al-Sharq Al-Haqiqi the rights to operate the furnace, owned by KIMA, which was rehabilitated at a cost of EGP 53 million The contract spans seven years, starting from the final handover of the furnace, and is renewable for similar terms under a new agreement between the parties, to be finalized six months before the current contract's expiration Read more on our website!

China's Sinosure has committed $1 billion in financing for the expansion project of Pakistan Refinery Limited (PRL), which will double its crude processing capacity from 50,000 to 100,000 barrels per day. This commitment was secured following Pakistan's Petroleum Minister Musadik Malik's recent visit to China, during which Sinosure confirmed the funding after conducting due diligence and appointing an EPCF contractor. The $1.7 billion Refinery Expansion & Upgrade Project (REUP) will incorporate advanced technology to produce EURO V fuels, significantly enhancing PRL’s efficiency and environmental compliance. This upgrade aligns with Pakistan’s broader energy infrastructure goals under the brownfield refinery policy, marking a pivotal step forward for the country’s refining capacity. . . . #PRLExpansion #EnergyInfrastructure #Sinosure #PakistanEnergy #EUROV #RefineryUpgrade #Tribunetrends

INTERVIEW: Oman's 230,000 b/d Duqm refinery jointly operated by Oman and Kuwait hit full capacity in February, to become the latest of the Mideast Gulf's greenfield refinery projects. Operator OQ8's chief executive David Bird talked to Argus about expansion plans and the markets. ✅ Duqm is looking to operate at 10pc above nameplate capacity and is considering diversifying its product portfolio ✅"We are looking at structuring, doing something with naphtha," CEO said. "We are evaluating either reformate or gasoline, which have already gone through feasibility and are now under stage-gate review to decide if we should pursue those investment decisions." ✅ Says there is a "huge thirst of our products right at our doorstep", Duqm cargoes are finding their way to destinations that were not previously envisaged. ✅ Around 45pc of Duqm's diesel goes to east Africa, but loadings for Europe have begun more recently. #oil #refinerynews #linkedinnews https://lnkd.in/dC6hWC66

Key Highlights: Arthur D. Little's Hector Casas underscores Saudi Arabia's petrochemical ability is slated to more than double in the next half decade—from 75 million tons to over 140 million tons annually. This amplification is part of the Kingdom's strategy to strengthen its footprint in the international petchem marketplace, leveraging cost advantages from competitive energy costs. Oliver Wyman's Nadim Haddad notes Saudi Arabia's movement towards procuring global petchem assets to reinforce its leadership in the sector. This aligns with the broader trend of international expansion, adding value to KSA's position as an industry pioneer. Amplification endeavors include not just basic petrochemicals but also high-specialty products, which add more worth to the oil molecule. The Kingdom is focusing on producing advanced materials to meet escalating demand in both emerging and established markets. The formation of SABIC in 1976 marked a turning point, leveraging natural gas resources to diversify into petrochemicals. SABIC's vertical integration strategy allows the manufacturing of a wide range of cost-competitive petchem products, contributing to KSA's leadership in the sector.

MOGAS Industries, Inc. is proud to share that we have received a multimillion-dollar contract to provide severe service #valves for the first ever TC2C™ (Thermal Crude to Chemicals) technology commercialization within the S-OIL Corporation's Shaheen Project in South Korea. Lummus Technology licenses the TC2C technology which converts whole crude oil and other refinery streams into highly valuable olefins and aromatic products, including one of the largest steam crackers in the world. aramco's investment into South Korea in collaboration with Chevron Lummus Global (CLG) will make an important impact on the global green economy, especially for #clean heavy crude #upgrading. To learn more, visit our website: https://lnkd.in/gCFzYQxT Read the full press release on Business Wire: https://lnkd.in/g8egSfsR #MOGAS #MOGASIndustries #valve #valves #greeneconomy #TC2C #thermalcrudetochemicals #hydrocracking #ebbed #slurrybed #refining #chemical #petrochemical #crudeoil #SouthKorea #severeservicevalves #severeservicetechnology

🌍 Oman’s Petroleum and Petrochemical Revolution: Driving Economic Growth and Innovation** 🚀 Oman is rapidly positioning itself as a leader in the petroleum and petrochemical sectors, leveraging its rich natural resources and strategic location to fuel economic growth and industrial development. 🔹 Petroleum Sector Transformation: With state-of-the-art exploration technologies and sustainable extraction methods, Oman’s petroleum industry continues to expand its global reach. Key players in the market are enhancing production efficiency while meeting international environmental standards. 🔹 Petrochemical Innovation: The petrochemical sector in Oman is thriving, with major investments in downstream industries. This revolution has allowed the country to diversify its economy, reduce dependence on crude exports, and create new opportunities for both local and international players. From refining to producing high-value products like plastics, Oman is becoming a critical hub for petrochemical production in the Gulf. 🔹 Why Oman? - Strategic Location: Positioned between Asia, Europe, and Africa, Oman offers easy access to key global markets. - Sustainable Practices: Oman is committed to adopting greener, more efficient technologies to ensure the future of its energy sector. - Government Support: Strong backing from the government ensures ongoing development and investment in this essential industry. The future of Oman’s petroleum and petrochemical sectors is bright, with innovative projects driving economic diversification and creating new global partnerships. 📊 As the world evolves, Oman continues to be at the forefront of petrochemical advancement and energy innovation. #OmanEnergy #PetroleumIndustry #Petrochemicals #EnergyInnovation #OmanEconomy #SustainableEnergy #DownstreamIndustry #MiddleEastEnergy #GlobalTrade #OmanPetrochemicals #OilAndGas #EconomicGrowth #StrategicInvestment #OmanBusiness

30,000 Tons of PVC and 9,000 Tons for Export: Egyptian Petrochemicals Company’s Plan for Growth and Sustainability Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, emphasized the strategic priority of the petrochemical industry due to its significant economic impact on Egypt, particularly through foreign currency revenues. He highlighted the petroleum sector’s robust infrastructure, which enables expansion in value-added industries and optimal utilization of Egypt’s natural resources. This statement was made during the general assembly of the Egyptian Petrochemicals Company to discuss the FY 2025/2026 budget, attended by Vice Prime Minister for Industrial Development and Minister of Transport and Industry, General Kamel El-Wazir, Minister of Electricity and Renewable Energy Dr. Mahmoud Esmat, Minister of Local Development Dr. Manal Awad, along with petroleum sector leaders and auditors from the Central Auditing Organization. Minister Badawi noted efforts to channel rich natural gas produced locally, particularly from the Western Desert and certain Mediterranean fields, into petrochemical production, aiming to maximize added value and avoid its inefficient local consumption. He also stressed the importance of running petrochemical plants at full capacity by ensuring sufficient feedstock supply. Engineer Ahmed Mawqe’, Chairman of the Egyptian Petrochemicals Company, highlighted key performance achievements. The company exceeded its production targets, producing over 30,000 tons of PVC and 55,000 tons of caustic soda during the first half of the fiscal year, meeting 100% of planned capacity. The company exported 9,000 tons of PVC and 20,000 tons of caustic soda, attracting global attention and fostering plans for nearby industrial investments. Future projects include the rehabilitation of seven PVC reactor units, upgrading the New Valley packaging plant in collaboration with Nile Petroleum and South Valley Holding, and implementing a 150% capacity expansion for caustic soda concentration units. Additionally, a 3D modeling system is planned to enhance operations. Minister Badawi praised the company’s innovative energy-saving measures, emission reductions, and adherence to global climate standards, ensuring the competitiveness of Egyptian petrochemical products in international markets. #EgyptPetrochemicals #PVCProduction #Sustainability #PetroleumToday #EnergyDevelopment

Saudi Arabia's petrochemical sector is gaining momentum through strategic investments aligned with Vision 2030—a topic I recently explored in an interview with Arab News. As the energy landscape transitions, the demand for oil as a fuel may begin to wane, yet the need for petrochemical-derived products such as plastics and synthetic fibers is on the rise. Saudi Arabia is keenly aware of this paradigm shift and recognizes that its abundant oil reserves could be underutilized if current demand trends persist. The petrochemical industry has become a linchpin in the Kingdom's industrial strategy, playing a crucial role in realizing Vision 2030. Leveraging its access to competitively priced energy and feedstock, Saudi Arabia is poised to expand its petrochemical operations, thereby cementing its status as a global powerhouse in the industry. This strategic move not only enhances its competitiveness but also ensures the valuable utilization of its vast oil reserves. https://lnkd.in/gx9aMtC7

Iran's global importance in petrochemical products is significant. The country has been rapidly expanding its petrochemical industry, with a projected growth of 13 million tons per year in propylene production by 2023. This growth is expected to make Iran a major player in the global petrochemical market, with the value of its petrochemical exports reaching $18 billion since March 2022, a $3 billion increase over the previous year. The industry is also expected to become a vital revenue stream for the country, with petrochemical exports making up nearly 33% of non-oil exports. Iran's petrochemical industry is strategically important due to its high added value in the country's oil industry value-chain. The industry is expected to continue growing, with a ten-year strategic outlook forecasting the initiation and completion of 35 new projects, increasing the total production capacity to 14 million tons annually. This growth is driven by the country's abundant feedstock, highly skilled human resources, and access to water resources and coasts. Iran's petrochemical industry is also expected to play a crucial role in the country's overall growth outlook, with the industry's development and policy considerations focusing on sustainable, economical, and safe energy, as well as domestic and international environmental protection legislation. The industry is seen as a key driver of industrialization and economic growth in the country, with a projected annual growth rate of up to 10% until 2030. Overall, Iran's petrochemical industry is poised to become a significant global player, with its growth and development expected to have a substantial impact on the country's economy and energy sector. Petrochemical Industries Design and Engineering Company (PIDEC) which is located in Shiraz, is a leading engineering company in the petrochemical industries. It was originally established in 1985 as a subsidiary of the National Petrochemical Company of Iran and later became a private company in 1994, under the holding of the Erection and Construction Company (ECC). PIDEC provides a wide range of services, including feasibility studies, project management, engineering, procurement, construction, and commissioning, for projects in oil, gas, and petrochemical industries. The company has a strong track record of executing over 70 projects and has developed expertise in various process technologies, including those for petrochemical products such as methanol, ammonia, urea, and others. PIDEC is also known for its research and development activities, which aim to improve process design and technology. #PIDEC #Petrochemical #Iran #Engineering