Petrochemicals

INEOS acquires BP’s global aromatics and acetyls business

storage tank cooper river.jpg.img.750.mediumPetrochemical company INEOS has announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of US$5bn

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Saudi Aramco completes acquisition of 70 per cent stake in SABIC

34489493966 d67a5a8621 cOil company Saudi Aramco has completed the acquisition of a 70 per cent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund

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MENA countries score high in G20 low carbon project investment

AdobeStock 6206709According to a research report by Ashurst, G20 investors have shown a growing interest in the Middle East and North African (MENA) countries, especially for renewable energy, energy transition and decarbonisation technologies, contrary to their regional counterparts

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McDermott wins technology contract for petrochemical company in Saudi Arabia

mark sun 5OIaZyOiN7E unsplashEngineering company McDermott International has won a technology contract by Advanced Global Investment Company, a wholly owned subsidiary of Advanced Petrochemical Co. (APC)

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Saudi Aramco, Sabic remain committed to Yanbu chemicals project

22511902291 ffa160774f cSaudi Aramco and Saudi Basic Industries Corporation (Sabic) are moving ahead with their plans to build a mega-petrochemical complex in Yanbu, said Indrajit Sen, GlobalData’s energy and technology editor

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