Dow/Oman JV is delayed, not cancelled - CEO
26 July 2007 17:18 [Source: ICIS news]
HOUSTON (ICIS news)--Dow Chemical is in discussions to overcome problems at its joint venture petrochemical project in Oman, CEO Andrew Liveris said on Thursday.
Dow announced in 2004 that it formed the Oman Petrochemicals Industry Co venture with Oman Oil Company and the Sultanate of Oman.
The project is delayed, not cancelled, said Liveris, adding that the hold-up was due to gas supplies and capital costs, he said.
"We will find a viable project in the medium term," Liveris said.
By: Al Greenwood
+1 713 525 2653
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|
|
Related Articles
- 02 Feb 09 17:24 INSIGHT: Companies struggle with M&A in difficult times
- 07 Aug 07 10:40 Arya Sasol starts up Assaluyeh cracker
- 01 Aug 07 09:18 Arak’s cracker complex in 45-day turnaround
- 27 Jul 07 17:48 INSIGHT: Trapped in an extended cycle peak
- 06 Jul 07 16:10 UPDATE: Oman JV set to be cancelled - Deutsche
- 15 May 07 15:03 INTERVIEW: Dow committed to Oman PE project
- 19 Apr 07 17:52 Dow’s Libya JV has long-term value - analysts
- 09 Apr 07 06:22 Mid-East, US group in $50bn bid for Dow – report
- 07 Feb 07 13:31 Dow still committed to delayed Oman petchems JV
Latest News
- 20 Nov 09 23:59 Europe Q4 acetic acid settles up at €470-550/tonne
- 20 Nov 09 23:17 EVENING SNAPSHOT - Americas Markets Summary
- 20 Nov 09 22:08 Jan-Oct Argentina chem production rises 11.6% year over year
- 20 Nov 09 21:33 Lyondell can cancel some executive benefits - US court
- 20 Nov 09 21:28 Russia petchems to grow on proximity to China
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential