Petrochemicals

Saudi Aramco buys US$69.1bn stake in SABIC

Aramco PIF photo 2Petrochemical firm SABIC announced that Saudi Aramco has signed a share purchase agreement to acquire a 70 per cent majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction

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BP commits US$100mn to fund new emissions reductions projects

factory 1593842 640BP has established a US$100mn fund for projects that aim to deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations

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Iraq third largest in global refinery CDU capacity additions

China nigeria 15m 1Iraq is set to emerge as the third largest country in terms of global refinery crude distillation unit (CDU) industry capacity growth from new-build and expansion projects between 2019 and 2023, according to GlobalData, a leading data and analytics company

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SABIC and hte extend partnership in innovation

thumbnail 1039318 580x300The petrochemical manufacturing company SABIC and hte, a subsidiary of BASF, have extended collaboration plans for another five years

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Amarinth to supply API 610 VS4 pumps to Umm Shaif Super Complex

Amarinth VS4 Pump AssemblyAmarinth, global manufacturer of bespoke pumps and pump spares for the oil and gas, petrochemical, chemical, industrial and power markets, has received a US$600,000 order through its agent NAMA for ADNOC’s offshore Umm Shaif Super Complex in the UAE

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