Yogesh Mehta, the force behind Petrochem Middle East’s $2 billion success, is ready to pass the baton to his son Rohan and his senior directors, as he turns 65. In his most candid interview to date, Mehta opens up about the tough road ahead for the company, his concerns for the future, and his true thoughts on Rohan’s readiness to lead
petrochemical products
Latest in petrochemical products
chemical industry
SABIC opens new industrial chemicals unit in Jeddah
The new factory will strengthen Saudi Arabia’s position as a source of safe plasticisers, which are widely used in manufacturing processes and plastic applications
Aramco
Saudi Aramco to invest $7 billion in new South Korea plant
The project, titled Shaheen, is expected to start in 2023 and be completed by 2026
Ain Sokhna
Anchorage Investments issues EPC tender on $2 billion petchem project in the Suez Canal Economic Zone
The petchem project aims to enhance the economic value of its feedstock of natural gas derivatives, contribute to the growth of Egypt’s GDP, boost the country’s petrochemical exports, stimulate further foreign direct investment inflows, and benefit from the favourable investment climate in Egypt
carbon footprint
Video: Why demand for oil is not just about cars and planes
Cutting oil consumption is essential to reducing our carbon footprint. But switching to electric transport and cutting air travel won’t end our dependency. Here’s a look at how oil is also used to make plastic packaging, clothes, cosmetics and even medicines.
petrochemical products
Saudi’s Sabic profit slumps 38% on low product prices
Sabic said lower sales were ‘driven by global slowing demand growth coupled with a slow start of the year and relatively high level of inventories’
chemical distributor
You only live twice: Petrochem’s Yogesh Mehta
He lost a whopping $17m in the 2008 financial crisis. Now, Petrochem Middle East CEO Yogesh Mehta is making billions, expanding to Saudi, and partying – a lot
Amin Nasser
Saudi Aramco constructing international gas business to reduce carbon footprint
Aramco CEO Amin Nasser said that the company is creating an “energy bridge” to China to meet its demand for oil and gas
ADNOC
Bringing the shale revolution to the Middle East
Ahmed Kenawi, senior vice president of the MENA region for oil services giant Halliburton, shares the company’s plans to bring the shale revolution to the Middle East and the technology that will make that happen
Hazim Aldosary
Surging Saudi exporter seeking to restore deal with Aramco
Saudi Industrial Export posted nine-month profit of $3.3m after a loss of $6.8m in the year-earlier period
petrochemical products
Saudi Basic Industries profit rises 5.4% on higher prices
Sabic will build a headquarters in Houston for its western hemisphere operations to capitalise on the US shale boom
liquid propane
Middle East emerges as possible energy winner in US-China trade spat
Middle East, with plenty of petrochemical supplies, looks well-suited to meet Asian substitution requirements
Aramco
Saudis eye chemical and oil refinery opportunities on US Gulf Coast
Saudi Aramco’s Motiva Enterprises has agreed to assess the potential for producing ethylene, a component in plastics.