Despite the decrease in global crude oil prices in Q2 of 2023, Aramco has recorded a strong financial performance in the same period, driven by efficient low-cost production and supply reliability
Petrochemicals
Technip Energies to develop master plan for Ras Al Khair industrial city
Technip Energies has been selected by Aramco for the project management consultancy (PMC) contract to develop the master plan for Ras Al Khair, a new industrial city in the eastern province of Saudi Arabia
Egypt unveils new petrochemical projects worth US$9bn
The Egyptian Ministry of Petroleum and Mineral Resources has recently unveiled new refining and petrochemical ventures totalling US$9bn, according to Arabian Business
Aramco and TotalEnergies award billions of dollars in EPC contracts for "Amiral" petrochemicals complex
Aramco and TotalEnergies have awarded billions of dollars in Engineering, Procurement and Construction (EPC) contracts for the US$11bn "Amiral" complex, a future world scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia
Infinite Mining & Energy to establish oil refinery in Hamriyah free zone
India’s Infinite Mining & Energy has announced plans to double its investment in the Hamriyah free zone and establish a multifunctional oil refinery