Eni and ADNOC, said they closed their strategic partnership, announced in January, through which Eni acquired a 20 percent equity interest in ADNOC refining. The partners – which include Austria’s OMV – also set up a new trading joint venture.
Saudi Aramco, Baker Hughes sign MOU for Non-metallic Materials Facility in Saudi Arabia
Saudi Aramco and Baker Hughes, a GE company (BHGE) signed a memorandum of understanding on July 2nd to create a new joint venture facility in Saudi Arabia to manufacture non-metallic materials which will be used in a variety of areas
Advanced, SK Gas sign MOU for ethylene project in Saudi Arabia
Advanced Petrochemical Company announced the signing of a Memorandum of Understanding (MOU) between Advanced Global Investment Company (AGIC), a subsidiary of Advanced, and SK Gas Co. Ltd, an affiliate of SK Group, South Korea, for the development of a Propane
INEOS to Invest $2 Billion in New Manufacturing Plants in Saudi Arabia
INEOS has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in The Kingdom of Saudi Arabia. A new state-of-the-art 425,000 tonne acrylonitrile plant, will use
Saudi Aramco to Acquire Shell out of Sasref Refinery for $631 Million
Saudi Aramco announced on Sunday it will buy Royal Dutch Shell’s 50% interest in the SASREF refinery in Jubail Industrial City, Saudi Arabia, for $631 million. The sale is expected to complete later this year, subject to regulatory approval. According
EGA Starts Alumina Production at Al-Taweelah Refinery
EGA (Emirates Global Aluminium), the largest industrial company in the United Arab Emirates outside oil and gas, announced the start-up of Al Taweelah alumina refinery, a strategic growth project that expands the industrial giant’s business upstream in the aluminium value
Saudi Aramco to Acquire Majority Stake in SABIC
Saudi Aramco, Saudi Arabia’s state-controlled Oil & Gas giant has reached a $69.1 billion deal to purchase a majority stake in petrochemicals firm Sabic from the kingdom’s sovereign wealth fund. The deal will see Aramco buy the 70 percent stake
Borealis and ADNOC Sign MOUs to develop Polyolefin Industry
Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers and the Abu Dhabi National Oil Company (ADNOC) signed a Memorandum of Understanding (MoU) agreement to explore potential growth opportunities within the polyolefin industry
SABIC Plans to Merge Two of its Fully-owned Subsidiaries
Saudi Basic Industries Corporation (SABIC) intends to combine its two wholly owned subsidiaries, the Saudi Petrochemical Company (SADAF) and the Arabian Petrochemical Company (PETROKEMYA). The petrochemical giant said in a market report on Wednesday that SADAF will be fully merged
ADNOC seals $4 billion pipeline deal with KKR, BlackRock
ADNOC (Abu Dhabi National Oil Company) has signed a $4 billion midstream pipeline infrastructure deal with U.S. institutional investors KKR and BlackRock, the government-owned Abu Dhabi company announced on Sunday. The newly formed entity called ADNOC Oil Pipelines will lease
Eni and SABIC will Jointly Develop Natural Gas Conversion Tech to Produce Fuels and Chemicals
Eni and SABIC have signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as methanol. The partnership will involve,
Aramco-Air Products to Jointly-Build Saudi’s First Hydrogen Fuel Cell Vehicle Fueling Station
Saudi Aramco and Air Products signed an agreement to jointly-build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia. The collaboration between the two companies will combine Air Products’ technological know-how and experience in the field of hydrogen