With the US$69 billion acquisition of SABIC in June and investments in oil-to-chemicals technology, Aramco has positioned itself for downstream growth.
SABIC has said the two companies are now considering the integration of Saudi Aramco’s existing refineries in Yanbu with a mixed feed steam cracker and downstream olefin derivative units.
Sumitomo Chemical and Saudi Aramco have made a loan of US$2 billion to Petro Rabigh in response to the challenging market conditions.
Siemens Energy is to supply 20 compression trains for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage project.
The King Salman Energy Park has reached 60% completion of its first phase and has announced foreign direct investments.
Highlighting strong profits despite a challenging macro environment, Saudi Aramco has released its 2019 financial results.
Aramco Trading Company has broadened its European presence with the establishment of a London office.