Saudi Aramco is advancing its global chemicals growth strategy with the inauguration of S-Oil’s new residue upgrading complex and olefin downstream complex
Petrochemicals
McDermott wins offshore EPCI contract with Saudi Aramco
US engineering firm McDermott International has won a contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia
‘Kuwait’s sovereign wealth assets increase since oil price shock’
Moody’s Investors Service estimated that the combined value of Kuwait’s sovereign wealth fund (SWF) assets has continued to rise since the oil price shock
BP to sell Gulf of Suez oil assets to Dubai’s Dragon Oil
BP has agreed to sell its interests in the Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company
INEOS to invest US$2bn in Saudi Arabia plants
UK energy firm INEOS has signed a memorandum of understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in Saudi Arabia
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