Saudi Arabia downstream news
INEOS to invest US$2 billion building Saudi Arabian plants
INEOS has signed a memorandum of understanding with Saudi Aramco and Total, to build three new plants in the Jubail 2 complex in Saudi Arabia.
KBR awarded maintenance services contract by Sadara
Sadara, a joint venture between Aramco and Dow Chemical, has awarded a long-term maintenance services contract to KBR.
Three year extension of KBR’s GMS Contract for SATORP
KBR will continue to provide General Maintenance Services at the SATORP refining and petrochemicals project in Saudi Arabia.
Wood awarded SABIC contract for new technology centre in Saudi Arabia
Wood has secured a new contract with SABIC to deliver the engineering design for a petrochemical research centre in Saudi Arabia.
Aramco to buy Shell’s share of the SASREF refining joint venture
Shell’s share of the SASREF refining venture will be acquired by Aramco, giving it complete ownership of the project.
Aramco purchases stake in Hyundai Oilbank, South Korea
Saudi Aramco will acquire a 17% stake in South Korea’s Hyundai Oilbank for approximately US$1.25 billion.
KBR awarded Aramco contract for SDA technology
KBR will supply supercritical solvent deasphalting technology to Saudi Aramco’s Riyadh Refinery.
Big oil to boost petrochemicals footprint
A new report from ICIS suggests that ‘big oil’ in the Middle East will boost the global petrochemicals footprint.
Saudi Aramco acquires 70% majority stake in SABIC
Advancing its integrated refining and petrochemicals business, Aramco gains access to SABIC’s 62 million tpy petrochemicals capacity.
SABIC signs construction contracts with nine companies
As part of Saudi Vision 2030, the company aims to improve health and safety while growing its downstream capacity.