Petrochemicals

ADNOC signs long-term agreement with China for base oil sales

25293144074 049edb8f4a zThe Abu Dhabi National Oil Company (ADNOC) announced that it has concluded a long-term sales agreement with Xiamen Sinolook Oil Co., of China, for its high-quality base oil, ADbase

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SABIC deal supports Aramco’s global expansion plans: Wood Mackenzie

2556524979 3e5648d202 zThe US$69.1bn contract between Saudi Aramco and Saudi Basic Industries Corporation (SABIC) is expected to help the Saudi oil giant to expand aggressively in the downstream sector and boost its profits

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Saudi Aramco buys US$69.1bn stake in SABIC

Aramco PIF photo 2Petrochemical firm SABIC announced that Saudi Aramco has signed a share purchase agreement to acquire a 70 per cent majority stake in SABIC from the Public Investment Fund of Saudi Arabia in a private transaction

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BP commits US$100mn to fund new emissions reductions projects

factory 1593842 640BP has established a US$100mn fund for projects that aim to deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations

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Iraq third largest in global refinery CDU capacity additions

China nigeria 15m 1Iraq is set to emerge as the third largest country in terms of global refinery crude distillation unit (CDU) industry capacity growth from new-build and expansion projects between 2019 and 2023, according to GlobalData, a leading data and analytics company

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