Saudi Aramco news

The companies have signed a joint collaboration and license agreement to co-develop and license Saudi Aramco's Heavy Oil Processing Initiative (HOPI+) technology.

Technip Energies has been awarded an EPC contract by Borouge for the construction of a new ethane cracker unit, to be integrated in the Borouge 4 petrochemical complex in the UAE.

The company has continued its multi-year achievements of zero lost time incidents and a zero total recordable incident rate.

Samsung Engineering has been awarded heavy lifting and transport scope to Mammoet in Saudi Arabia.

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.

Saudi Aramco has announced the reorganisation of its downstream business.