Sharp Increase in Petrochem Output
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By Nancy Oteifa, Kuwait Times  Dec. 13--KUWAIT -- The Minister of Finance Bader Al-Humaidhi noted that "the production of petrochemicals in the GCC countries increased from 18 million tonnes in 1997 to 38 million tonnes in 2004.
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OIL companies have good news for NGV users - they are willing to provide more NGV stations.  Petronas, which is the main supplier of natural gas for vehicles, has also been increasing its gas pumps at most of its stations.
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OPEC has agreed to increase its oil output by 500,000 barrels per day from Nov 1, Qatari Oil Minister Abdullah al-Attiyah said on Tuesday, in a gesture to consumer nations' worried by rapidly diminishing fuel stocks and the economic impact of $77 oil.
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Scientists in Rockingham County have detected higher concentrations of the gasoline additive MtBE hundreds of feet below the surface than in shallow wells.
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LONDON  - BP PLC reported an 11 per cent increase in production for the third quarter Monday, which may help its profit results over the same period.
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According to Al-Yaum newspaper (December 12, 2006), a recent study by the Dubai Chamber of Commerce and Industry estimated at 55 the total number of the operating petrochemicals manufacturing companies in the Arabian Gulf States.  (c) 2006 Info-Prod Research (Middle East).
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For a science that's about manipulating substances at the molecular level, nanotechnology is starting to bring big profits to many consumer product makers.
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ExxonMobil Chemical announced today that it will add 130,000 tons per  year of capacity to its ExxsolTM hydrocarbon  fluids plant in Jurong Island, Singapore. This will bring Singapore  fluids production to over 500,000 tons per year.
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Opec has raised its output quotas in an attempt to bring oil prices below $40 a barrel. The cartel of leading oil producers says it will pump another million barrels of crude a day, bringing total output to 27 million barrels a day.
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Oil prices surged more than 2 percent  on Wednesday amid worries a possible OPEC output cut this  spring could quickly sap swelling U.S. crude and gasoline  stockpiles.
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A meeting of the Organization of Petroleum Exporting Countries (OPEC) has resulted in an increase of the cartelâs official oil production ceiling by one million barrels per day (bpd).
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U.S. production of distillates, which  include heating oil and diesel, hit a record average of 4.3  million barrels per day last week, the federal Energy  Information Administration said on Wednesday.
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According to Al-Yaum newspaper (December 12, 2006), a recent study by the Dubai Chamber of Commerce and Industry estimated at 40 million tons the total annual petrochemicals production in the Arabian Gulf States. This figure is equivalent to 7% of the global petrochemicals output.
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OPEC said it will increase production by 500,000 barrels a day, but oil futures nonetheless surged to a record close.
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According to "Tehran Times", a senior Oil Ministry official said that the country's total petrochemical production would increase to 21 from 13 million tons once the current projects come on stream.
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Business & money: Â·  Petrol heads to Â£1 a litre for the holiday season Â·  Crude hits near-record level amid hurricane fears
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Manufacturing output has climbed by 0.2 percent in July compared with the previous month.