Petrochemical co. has been a top employer in the UAE, and recently announced it would be shutting down operations in the oil-rich country.PetroChem has been the largest exporter of chemicals to the UAE.The company said it had been forced to make the decision after the UAE Government imposed an oil embargo on the country.The move comes after the U.S. State […]
CANADA — The Canada-China petro chemicals industry is trying to get approval to build a new facility in Sarnia, Ont., in an effort to boost its global market share in Canada.China Petroleum Corporation (CPC) said in a statement that the approval would provide a boost to its global production and help strengthen the company’s position in the world’s second-largest oil […]
The Lad is an award-winning weekly radio program on the ABC News Channel.It is broadcast daily from 9:00am to 11:00pm AEDT and is produced by the ABC Television Network.It has been broadcast in Australia on ABC TV, TV3 and iView and on the Radio National website.This article is available in French on Al Jazeera English and in English on iView.
Petrochemical giants including Exxon Mobil Corp. and Petronas Plc are planning to reduce production in the US in response a steep drop in the price of oil.The move follows Exxon Mobil’s announcement earlier this month that it will cut its US production by 30 percent to 3 million barrels a day.In a letter to the company’s shareholders this week, Petrona’s […]
Total Petroleum Corporation has acquired petro chemicals maker Argus Petrochemical in a $1.9 billion deal that will add to Exxon’s portfolio of oil- and gas-related businesses.The deal includes oilfield services and engineering services.Exxon has a long history of acquiring companies in Russia that make petroleum products.The Russian state oil company, Rosneft, acquired Exxon’s Petrosanovskoyepetrochemical plant in 2016.In May, the Russian […]