Saudi Aramco news
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.
Aramco signs supply arrangement with PKN Orlen
The agreement stipulates that Aramco will supply Arabian crude oil to the Polish oil refiner, PKN Orlen, in exchange for high sulfur fuel oil.
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.
Saudi Aramco announce broad expansion in petrochemical capacity
In a speech given at the Gulf Petrochemicals and Chemicals Association’s Research and Innovation summit, Aramco outlined their vision of increased research and production in the industry.
New FEED contract signed for the fourth phase expansion of the Ruwais Petrochemicals Complex
The overall value of the FEED contract is approximately US$45 million on a reimbursable basis.
Saudi Aramco and Total to develop fuel and retail network in Saudi Arabia
The 50:50 joint venture plans to invest around US$1 billion over the next six years in the Saudi fuel retail market.
SABIC, Saudi Aramco declare intent to develop Yanbu industrial park
The signing took place on the sideline of the inauguration ceremony of the National Industrial Development & Logistics Program (NIDLP).
Saudi Aramco, TechnipFMC and Axens advance crude-to-chemicals technology
The technology has the potential to convert more than 60% of a barrel of crude oil into chemicals.