Petrochem inspections are taking place across India and the country is bracing for a wave of job losses.Petrochem, India’s biggest petrochemical company, is facing an inspection season in which it could lose more than 20,000 jobs if the government does not increase the minimum wage to Rs 20 per day.According to an estimate by a think tank, about 20,500 people […]
Siam Gas Holdings, a subsidiary of Saudi Arabia’s Al Gomag gas company, has been acquired by Saudi oil giant Aramco for $10.4 billion, the company said.The deal is the largest oil deal in the world by volume and is the first since 2014 when Saudi Aramco took a stake in a Chinese oil company.Aramco has been working to build an […]
The Saudis, the world’s top oil exporter, are being accused of being the world leader in petrofueling, as it is estimated that about half of their exports come from the United Arab Emirates.The Saudis have spent billions of dollars on this effort, but now that they are no longer a global oil superpower, it will be interesting to see if […]
Petrochemical plants are being ordered to use a liquid containing cyanide to produce petro chemicals, as a precaution after an incident last week at a Petrolia plant in Brazil.A report from the Brazilian National Institute of Environment and the Environment (INEA) said cyanide, a highly toxic chemical, was used for production at the Petrolias plant, which is located in the […]
Petrochemical firm Jilang Petrochemics has announced plans to cut up to 10,800 jobs.Jilinepetro is a major exporter of the chemical product in the Middle East and China.JL Petro, the company’s parent company, says it has received approval from the Chinese government to slash its workforce by 5,000 workers by the end of the year.“In the past, we’ve also faced difficulties […]