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Kuwait seeks $2.6bn loan for LNG terminal
MEED State-owned operator will use the money raised to develop the project in the Al-Zour master development. The Kuwait Integrated Petroleum Industries Company (KIPIC) is looking to borrow up to $2.6bn from banks and export credit agencies to build its planned liquefied natural gas (LNG) import terminal in Kuwait, according to a report. State-owned Kuwait Petroleum Corporation’s subsidiary KIPIC will use the money raised to develop the terminal at Kuwait... Read More
Qatar Petroleum to build world-scale petrochemicals complex
Tank Storage Magazine Qatar Petroleum has announced plans to build a world-scale petrochemical complex, with the largest ethane cracker in the Middle East. The company has invited a group of leading international companies to submit proposals for the development and operation of a new complex with Qatar Petroleum at Ras Laffan Industrial City. The complex will include an ethane cracker with a capacity of more than 1.6 million tonnes per annum of ethylene – ... Read More
Elite Petrochemical Launches First Private-Sector LPG Project In Myanmar
TankTerminals.com [Myanmar Times] - Elite Petrochemical Co launched its Liquefied Petroleum Gas (LPG) Terminal and Port Facility at the Thilawa Special Economic Zone on Saturday. The terminal is the first private sector-led LPG investment open for business in the country. The terminal was developed under a Build, Operate and Transfer (BOT) agreement across 49 acres of land in Thilawa after receiving approval from the Myanmar Investment Commission and on recommen... Read More