Saudi Arabia downstream news

Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5% stake in Petro Rabigh from Sumitomo for US$702 million (SAR 7 per share).

Aramco, Honeywell, and KAUST have signed a joint development agreement to develop technology to advance the capabilities of crude-to-chemicals, Saudi Arabia.

Veolia has announced the signing of an agreement between a consortium and SATROP to launch an industrial water initiative for the treatment and recycling of all industrial complex petrochemical effluents of Jubail Industrial City, Saudi Arabia.

Ebara Elliott Energy has signed a high-speed balancing bunker agreement to expand its regional footprint in Saudi Arabia.

DECHEMA has launched ACHEMA Middle East in Saudi Arabia together with Messe Frankfurt.

Axens has completed its expansion of its ACAL site to produce hydrogenation tail gas treatment catalysts in Saudi Arabia.

Oil prices are likely to be lower in 2025 than the previous year according to a report from Wood Mackenzie.

Saudi Arabia’s Ministry of Energy has awarded a feedstock allocation for joint project between Sipchem and LyondellBasell.

Egypt has signed a framework agreement with the UK's Shard Capital for US$7 billion petrochemical complex in New Alamein.

Bahri and Petredec have built a strategic alliance to meet Saudi Arabia’s Growing LPG and ammonia shipping needs.