Petrochemicals
Red Sea National Petrochemicals Company and Aramco Trading sign oil supply and product offtake agreement
Aramco Trading Company has signed an agreement with Egypt’s Red Sea National Petrochemicals Company for a long-term crude oil supply for its planned refinery complex with a provision for offtake of refined and petrochemical products
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GDA International Downstream Conference & Exhibition postponed
The Gulf Downstream Association’s International Downstream Conference & Exhibition, due to have been held from 31 May-2 June in Bahrain, has been postponed to the first quarter of 2023
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China to account global petrochemical capacity additions by 2030, forecasts GlobalData
Iran is expected to add 83.3 mtpa of the global petrochemical capacity additions by 2030, being the third highest country in terms of capacity additions, according to GlobalData
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Saudi Aramco extends Worley’s contracts for offshore assets
Saudi Arabian Oil Company (Saudi Aramco) has awarded in-Kingdom and out-of-Kingdom contracts to extend Worley’s services for Saudi Aramco’s offshore Maintain Potential Program
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SABIC awarded for circular economy initiatives
Consulting and research firm Frost & Sullivan has named SABIC a Global Company of the Year as part of its 2021 Best Practices Recognition Program
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