Petrochemicals

Saudi Aramco announces downstream business reorganisation

14002838060 23cdc3cd5b cThe Saudi Arabian Oil Company, Saudi Aramco, has announced the reorganisation of its downstream business to support and enhance integration across the hydrocarbon value chain and better position the company to drive financial performance, value creation and global growth

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INEOS acquires BP’s global aromatics and acetyls business

storage tank cooper river.jpg.img.750.mediumPetrochemical company INEOS has announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of US$5bn

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Saudi Aramco completes acquisition of 70 per cent stake in SABIC

34489493966 d67a5a8621 cOil company Saudi Aramco has completed the acquisition of a 70 per cent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund

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MENA countries score high in G20 low carbon project investment

AdobeStock 6206709According to a research report by Ashurst, G20 investors have shown a growing interest in the Middle East and North African (MENA) countries, especially for renewable energy, energy transition and decarbonisation technologies, contrary to their regional counterparts

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McDermott wins technology contract for petrochemical company in Saudi Arabia

mark sun 5OIaZyOiN7E unsplashEngineering company McDermott International has won a technology contract by Advanced Global Investment Company, a wholly owned subsidiary of Advanced Petrochemical Co. (APC)

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