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August 08, 2016 - Contax Partners’ Energy Feed

SABIC & ExxonMobil Evaluating Petrochemical Complex | Japan plans investments worth USD 10bn in Iran | McDermott & Nakilat tie-up for Qatar EPCI projects

 

SABIC & ExxonMobil Evaluating Petrochemical Complex

Sabic's Petchem ComplexSABIC and an affiliate of Exxon Mobil are mulling the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be situated near natural gas feedstock and include a world-scale steam cracker and derivative units, SABIC said in the statement. Before making final investment decisions, the companies will carry out necessary studies and work with state & local officials to identify a potential site with adequate infrastructure access.

 

Japan plans investments worth USD 10bn in Iran

japan-iran-investmentJapan is planning to invest USD 10bn in Iran, split across various sectors, due to its interest in having an active presence in the country. The sectors of interest fall under the oil & energy industry, namely the petrochemicals, refineries and LNG sectors. While Japan was one of the major customers of Iranian oil prior to sanctions being imposed, overall Asian imports have risen sharply after the removal of sanctions from Iran. Japan's investment can be seen as a strategic move to improve its relationship with Iran, and to gain access to Iran's light crude and gas condensates.

 

McDermott & Nakilat tie-up for Qatar EPCI projects

McDermott-Qatar-EPCI-ContractMcDermott International and Nakilat-Keppel Offshore Marine (N-KOM) have signed a Memorandum of Understanding for an exclusive cooperation agreement to pursue offshore engineering, procurement, construction and installation (EPCI) projects in Qatar. Under the five-year agreement, McDermott will lead engineering, procurement and installation while N-KOM will serve as subcontractor and perform fabrication activities.

 

 

 

 

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