Saudi Arabia downstream news

Shell has completed the sale of its 50% share in petrochemical joint venture SADAF to SABIC for US$820 million.

Técnicas Reunidas has awarded CB&I a contract for new product storage tanks that will be part of a clean fuels expansion project at a Saudi Aramco refinery.

KBR and Saudi Aramco have signed an agreement, which aims to contribute to Saudi Arabia’s goal of expanding locally produced energy-related goods and services.

The Joint OPEC-Non-OPEC Technical Committee has held special consultations with several producing countries to discuss conformity with voluntary production adjustments.

Climeworks has announced the launch of the world’s first commercial plant to capture CO2 from air.

Saudi Aramco has signed a number of agreements with US companies to promote bilateral trade.

ExxonMobil and SABIC have announced the signing of an agreement for the next phase of their proposed US petrochemical project.

The price of crude has increased this morning as Saudi Arabia and Russia have spoken out in support of extending the supply cuts agreement until March 2018.

Vivakor, Inc. has announced it has entered into a major Memorandum of Understanding in Saudi Arabia.