Saudi Arabia downstream news

GlobalData has reported that Aramco and ADNOC have expanded the value of contracts in 3Q19 despite a slight decrease in volume.

Saudi Aramco has signed MoUs with a number of companies exploring collaboration across the whole hydrocarbon value chain.

Air Products has announced that it is in final negotiations to form a joint venture to acquire a number of assets at Jazan Economic City.

A partnership with India would help Saudi Arabia, the world’s top oil exporter, find a stable outlet for its crude.

Sinopec has debuted its new 4000-t crawler crane with a washing tower lift at the SABIC petrochemical project site in Saudi Arabia.

Lukoil and the Nigerian National Petroleum Corp. have signed an MoU to explore possible collaboration across the hydrocarbon value chain.

Saudi Aramco has announced the successful relocation and placement of a 544 t naphtha splitter.

Saudi Aramco and Total have awarded McDermott a contract for what will be one of the largest mixed feed crackers in the world.

Analysts from Saitama Rakuten International have reported that Saudi Aramco could raise the highest amount of capital from an IPO ever.

Saudi Aramco has completed the acquisition of Shell’s 50% interest in the SASREF joint venture.