Saudi Aramco has signed a MoU with the US multinational Dow Chemical Company that aims to set forth a process for Dow to acquire an additional 15 per cent ownership interest from Saudi Aramco in Sadara Chemical Company, a joint venture of the two companies
Oman’s Salalah Methanol Company (SMC), a wholly-owned subsidiary of the Oman Oil Company (OOC), has secured US$728mn for funding Salalah ammonia plant from a mix of 12 international, regional and local banks
Italian engineering company Saipem has received a contract worth US$850mn from Kuwait Oil Company (KOC) to build 450km pipeline system for the new Al Zour refinery located in the south of Kuwait
Shell has completed the sale of its 50 per cent share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for US$820 million
Commissioning of its last plant, the region’s first isocyanates facility, marks milestone achievement for the massive chemicals complex
