Private petrochemical firm launched in Saudi Arabia


A new private Saudi Arabian petrochemical firm called Saudi International Petrochemical Co. has let contract to Fluor Daniel, Aliso Viejo, Calif., for overall project management of its first petrochemical complex, to be built at Al Jubail. The SIPC complex will produce methanol, butanediol, acetic acid, and vinyl acetate monomer, which can be used to produce a variety of industrial, commercial, and consumer products.

Fluor will also provide basic engineering and front-end engineering design for the complex. Work is expected to begin in July, with completion slated for late 2003.

The plant will include a common utilities unit.

Total installed cost of the plant is estimated at $800 million, says Fluor Daniel.

SIPC is a Saudi joint stock company incorporated in Riyadh with paid-in capital of $133 million. This was contributed by a diverse group of investors from Saudi Arabia, who provided 65% of the total capital, and investors from other Gulf Cooperation Council member countries, which supplied the remaining 35%.

Related Articles

Tesoro’s Goff named AFPM chairman

03/26/2015 The American Fuel & Petrochemical Manufacturers reported that Gregory J. Goff, chairman, president, and chief executive officer of Tesoro Corp....

Azerbaijan lets contract for refining, petchem megacomplex

03/18/2015 State-owned State Oil Co. of Azerbaijan Republic (SOCAR) has let a contract to Fluor Corp. to provide project management contractor services for it...

Shell wraps steam cracker revamp at German integrated complex

03/17/2015 Shell Chemicals Ltd., a subsidiary of Royal Dutch Shell PLC, has completed upgrades to improve efficiency and boost production volumes at its Shell...

EIA: US petroleum product exports rise for 13th consecutive year

03/16/2015 US exports of petroleum products averaged a record 3.8 million b/d in 2014-an increase of 347,000 b/d from 2013-based on data from the US Energy In...

USW, Shell reach tentative deal to end strike at US refineries

03/13/2015 Royal Dutch Shell PLC and the United Steelworkers union (USW) have reached a tentative bargaining agreement over pay, benefits, and health and safe...

RIL’s Jamnagar refining complex due for maintenance

03/12/2015 Reliance Industries Ltd. (RIL), Mumbai, will undertake a month-long, planned maintenance turnaround beginning in mid-March at its 1.24 million-b/d ...

SIBUR advances grassroots petrochemicals complex

03/09/2015 ZapSibNeftekhim LLC, a subsidiary of Russian petrochemical manufacturer OAO SIBUR Holding, Moscow, has started construction on its long-planned int...

USW, Shell to resume talks amid ongoing labor strike at US refineries

03/05/2015 The United Steelworkers union (USW) and Royal Dutch Shell PLC, which serves as lead company for National Oil Bargaining negotiations, have agreed t...

Shell moves to business-as-usual plan for strike-impacted refineries

03/03/2015 As the United Steelworkers union (USW) strike enters its fifth week, Royal Dutch Shell PLC, which serves as lead company for National Oil Bargainin...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts

On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected