Iran will also expand its gas infrastructure in the south east of the country
The contract is for work at the Greenfield Sulfolane and Speciality Chemical Plant in Saudi Arabia
Container volume to achieve 6.4 million TEUs in 2015
62 downstream projects are waiting on investment in order to be completed
Project will include associated multiproduct fuel pipeline
The cash will be used for the expansion of its petrochemicals complex on the Red Sea coast
Project will more than double Oman's refining capacity by 2019
Maintenance will include the temporary shutdown of both the high and low density polyethylene plants, as well as reduced production at the ethylene glycol and polypropylene plants.
The $4bn includes $1bn allocated to the purchase of shares in the plant
According to a GPCA survey, the number of companies that have formulated an explicit innovation strategy has doubled from 21 percent in 2010 to 41 percent in 2015
Consolidated earnings have also taken a hit
Polymer prices have been falling in recent weeks.
Iran's petrochemical production levels will hit 43mn tonnes by the end of the current Iranian calendar year
Omanoil has successfully launched products in 15 countries in Africa and the Middle East
The initiative will commence on the 26th February 2015