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Chemicals Commodity Chemicals

  • *Dana Gas up on possible buying bystrategic investor. DUBAI, June 15- Stock markets in the Gulf were mixed on Thursday with Qatar and Dubai rising despite a fall in crude oil prices, while Saudi Arabia's decline was cushioned by hopes it will be put on review for possible emerging market status next week. Jassim al-Jubran, senior equity analyst at Riyadh- based...

  • *UAE bans ships that have called on Qatar. SINGAPORE, June 12- The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at Qatar from docking at UAE ports, multiple sources from the oil and shipping sectors said on Monday. After Saudi Arabia, the UAE, Egypt and others last week severed...

  • BEIJING/ SINGAPORE, June 2- Privately-run Chinese company Hengyi Group expects to start operating a $3.4 billion refinery in resource-rich Brunei in 2019 after completing building work in October next year, two industry executives briefed on the matter told Reuters. East China-based Hengyi, a leading manufacturer of synthetic fiber, declined to comment...

  • JOHANNESBURG, May 31- South African petrochemicals group Sasol will apply to postpone a 2020 deadline for meeting stricter air pollution laws, the company said on Wednesday. South Africa, the continent's worst polluter and most advanced economy, emits millions of tonnes of carbon dioxide into the atmosphere each year, much of it from coal-fired power plants...

  • May 20- U.S. and Saudi Arabian companies signed tens of billions of dollars of business deals on Saturday as Riyadh sought help to develop its economy beyond oil during a visit by President Donald Trump. --GE said it signed $15 billion of business deals with Saudi Arabia, involving almost $7 billion of goods and services from GE itself. --Exxon Mobil and Saudi Basic...

  • BEIJING, May 16- Chinese defense conglomerate China North Industries Group Corp has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in northeast China, industry and government officials said on Tuesday. The framework pact, which follows a memorandum of understanding in March, marks one of the...

  • DUBAI, April 30- Higher petrochemical share prices helped lift the Saudi Arabian bourse index on Sunday after strong first-quarter earnings in the sector, but other regional market indexes sagged in thin trade. Analysts at NCB Capital had forecast a profit of 121 million riyals, while Aljazira Capital had expected 69.5 million riyals. We believe the variance...

  • *To use deal proceeds to pay off $850 mln of debt. April 17- Williams Partners LP said on Monday it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash, as part of the pipeline operator's efforts to focus on natural gas. Williams Partners, which put the Geismar, Louisiana plant on the block in...

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash. Calgary-based Nova Chemical is owned by International Petroleum Investment Company, formed by the Abu Dhabi government to invest in the energy and related sectors.

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion cash.

  • BEIJING, April 13- Sinopec Corp said on Thursday that a fire in a warehouse at a petrochemical and refining complex in southern China operated by one of its subsidiaries was put out at 2:20 pm local time and had not affected production. Sinopec said in a statement the fire started at 9:55 on Thursday in a warehouse for synthetic rubber in the facility operated by...

  • BEIJING, April 13- Sinopec Corp said on Thursday that a fire in a warehouse at a petrochemical and refining complex in southern China operated by one of its subsidiaries was under control and had not affected production. Sinopec said in a statement the fire started at 9:55 local time on Thursday in a warehouse for synthetic rubber in the facility operated by...

  • PARIS, April 12- French oil and gas company Total said on Wednesday that its South Korean joint venture with Hanwha will invest $450 million in the group's refining and petrochemicals platform to expand capacity in order to meet growing demand from China. The company said the investment will increase the Daesan complex's ethylene capacity by 30 percent to 1.4...

  • *Cheaper LPG curbing demand for naphtha. SINGAPORE, April 10- Asian petrochemical makers are ramping up purchases of liquefied petroleum gas to use as an alternative feedstock to naphtha, looking to snap up cheap cargoes as heating demand for LPG fades in the wake of winter. Four traders said that Taiwan's Formosa Petrochemical Corp, Asia's top naphtha importer,...

  • *Cheaper LPG curbing demand for naphtha. SINGAPORE, April 10- Asian petrochemical makers are ramping up purchases of liquefied petroleum gas to use as an alternative feedstock to naphtha, looking to snap up cheap cargoes as heating demand for LPG fades in the wake of winter. Four traders said that Taiwan's Formosa Petrochemical Corp, Asia's top naphtha importer,...

  • HOUSTON, April 3- NAmerico Partners LP is proposing a multibillion-dollar pipeline to ferry natural gas from fast-growing fields in West Texas to the Gulf Coast, the company said on Monday, angling to match plans by rivals such as Kinder Morgan Inc.. The company is backed by private equity fund Cresta Energy LP, whose management includes former executives from...

  • RIO DE JANEIRO/ SAO PAULO, March 31- Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day in 2017, second only in the size of additional supply to the United States among non- OPEC...

  • PARIS, March 27- French oil and gas major Total said it aims to become a major player in the U.S. polyethylene market as it announced a $1.7 billion joint venture on Monday with Austria's Borealis and Canada's Nova Chemical. The new venture plans to build a 1 million tonne per year ethane steam cracker in Port Arthur, Texas, and is also considering building a 625,000...

  • Andrey Guryev, chief executive officer of PhosAgro.

    Trump's protectionist agenda is unlikely to hamper the growth prospects of Russian agrichemicals giant PhosAgro, the group's CEO said on Monday.

  • *Deal with Malaysia's Petronas helps diversify Saudi Aramco. SINGAPORE, March 20- Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission- to cement the kingdom's place as leading oil supplier to the world's biggest consumer region. The string of deals inked on his...