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Jacobs Engineering receives contract to provide engineering services for Indian Oil?s Assam project
Jacobs Engineering Group Inc. has received a contract from IOT Infrastructure and Energy Services Limited (IOT) to provide engineering services for Indian Oil Corporation Ltd.'s (IOCL) Delayed Coker Unit (DCU) project. The DCU will be built at IOCL's G......
Chemtura resolve liabilities at contaminated sites in USA for US$26 mln
The US Environmental Protection Agency (EPA), the U.S. Justice Department, and the United States Attorney for the Southern District of New York have announced that Chemtura Corporation has agreed to resolve its liabilities at contaminated sites acros......
Oil prices on the rise for second day
Crude oil for October delivery mounted to US$72.9 on the Nymex from yesterday?s 72.5. Oil prices are on the rise for the second day in line with a recovery in equities amid investors? theory that crude prices declined in excess of the outlook for the......
September PP, PE offers from Middle East surface
The much awaited PP and PE offers from Middle Eastern suppliers, that are taken as a reference for future direction of the market trend, are slowly surfacing for September in China and Turkey at higher levels despite the shadow of falling crude oil p......
September shipment PE offers from Asia, Middle East unlikely to get climb as crude weakens
Persistently weakening crude oil prices over the past week could hamper Asian and Middle Eastern producers? efforts to raise polyethylene (PE) prices for September shipments, as per ICIS. Weakening oil prices could fuel strong buyer resistance to the......
PTT, Siam Cement hopeful of mobilizing most halted petrochemical projects in Map Ta Phut
Thailand?s PTT and Siam Cement are optimistic of mobilizing all but one of its petrochemical projects in Map Ta Phut that have been halted as a result of the courts suspension orders on environmental concerns. Suspension is expected to be revoked on ......
Honam Petrochemical to pay US$1.25 bln in cash to acquire Titan Chemicals
South Korea?s Honam Petrochemical will pay about US$1.25 bln in cash to acquire Titan Chemicals Corporation, as per Plasteurope. Following an initial takeover of 72.6% of the shares held by Titan head and the state-run Permoladan Nasional, Honam plan......
Reduced September polyethylene production in Qatar to impact Asian markets
Qatar's production of polyethylene for September shipments is expected to be down, as per Platts. This reduction in low density polyethylene allocation from Qatar Petrochemical Company (Qapco) in September, is expected to increase tightness in Asia. ......
Shell Chemicals successfully completes first turnaround at Nanhai, its JV with CNOOC
Shell Chemicals announced the successful first turnaround at the CSPCL - "Nanhai" petrochemicals joint venture complex in Guangdong, China. Nanhai is a joint venture with China National Offshore Oil Company (CNOOC). The turnaround was completed while......
Mixed financial results from petrochemical companies in South Korea
South Korean companies have revealed their financial results for Q2-2010 over the week. Some petrochemical companies saw considerably better figures for the April-June period, as per Chemorbis. A statement from the Central Bank that South Korea?s eco......
Oil sink to US$72 on economic concerns
Asia?s regional markets have had a fall amid recent concerns about the pace of the global economic recovery. These concerns have tanked oil prices to US$72 a barrel that have fallen more than US$9 since the beginning of August. Crude for October deli......
Petro Rabigh to achieve on-spec production at fluid catalytic cracker
Saudi Arabia's Petro Rabigh expects to achieve on-spec production at its fluid catalytic cracker at Rabigh by mid week, as per Platts. Though in the process of restarting, the 900,000 tpa propylene capacity FCC, has yet to attain on-spec production. ......
LyondellBasell continues with FM on PP supplies from Carrington
LyondellBasell continues with force majeure on supplies of polypropylene (PP) from its 210,000 tpa plant at Carrington, UK, as per ICIS. No information is available on the status of the plant. Shut since the weekend of 7-8 August, the plant was not r......