Samsung intends to complete the NGL project in Dhahran

(Arabian Oil and Gas) -- South Korea's Samsung Engineering revealed the USD 2.76 bln cost of its engineering, procurement and construction (EPC) packages for Saudi Aramco's Shaybah NGL (Natural Gas Liquid) project in eastern Saudi Arabia after sigining the deal at a ceremony on Monday at the Saudi NOC's headquarters in Dhahran.

This NGL facility will be located 800 km south east of Dhahran in Shaybah, and is expected to secure feedstock supplies for the kingdom's hydrocarbon business. The complex will produce 750.000 barrels of oil per day, process gas of 2.400 MMSCFD and recover 200.000 barrels of NGL per day.

MRC

(Reuters) -- Japan's JX Nippon Oil & Energy Corp, an oil refining unit of JX Holdings, said on Tuesday it expects to restart its quake-hit Kawasaki naphtha cracker, with ethylene production capacity of 404 KTa, by the end of March.

The cracker has been shut since a magnitude 9.0 quake hit northeastern Japan. A company spokesman said product shipments were continuing.

MRC

(Klockner Pentaplast) -- The Klockner Pentaplast Group announced today that it
has acquired the polypropylene (PP) and polystyrene (PS) mono- and multi-layer rigid films
commercial activities from AMB s.r.l. (San Daniele del Fruili, Italy) for an undisclosed sum. PP and
PS mono- and multi-layer rigid films are used primarily in food and thermoforming applications.
AMB will continue to operate the San Daniele del Fruili, Italy, facility for the production of its other
product lines.

The Klockner Pentaplast Group is the world's leading producer of films for pharmaceutical,
medical device, food, electronics, and general-purpose thermoform packaging, as well as printing
and specialty applications. Founded in 1965 in Montabaur, Germany, Klockner Pentaplast has
grown from its initial facility to 19 current production operations in 11 countries.


MRC

Russian companies haven't worked before systematically with Indian producer of PET - JBF Industries. Last year overall imports of polymer from this producer made only 2.3 KT while this February PET supplies from this company plant in UAE has exceeded 4 KT.

MRC

(ICIS) -- Asian styrene butadiene rubber (SBR) prices have rebounded sharply on surging natural rubber (NR) prices and are likely to remain firm on news that major automakers in Japan are restarting their operations, industry sources said on Wednesday. Spot offers for non-oil grade 1502 SBR have been raised by USD 100-200/tonne to USD 4.000-4.100/tonne CFR (cost & freight) Southeast (SE) Asia and India, according to several Asian SBR producers.

The surge in demand for SBR is driven by soaring NR prices as well as improved sentiment, following news that major Japanese automakers, including Nissan and Mazda are resuming production this week after a massive earthquake struck Japan on 11 March.

The 9.0-magnitude earthquake, which triggered off a tsunami, caused extensive damage to Japan's infrastructure and disrupted power supply, crippling production down the supply chain.

Major Japanese automakers including Toyota, Honda, Nissan and Mazda as well as tyre producers such as Bridgestone, Toyo Tire & Rubber and Yokohama Rubber and SBR producers, including Zeon and JSR Corp, had to reduce or halt production in the wake of the natural disaster.

MRC