Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical announced Front-End Engineering Design (FEED) contracts had been awarded for the proposed new elastomers project at their Al-Jubail Petrochemical Company (KEMYA).
Saudi Aramco plans to accelerate the development of its 900,000 barrels-per-day (bpd) Manifa oilfield and reach full capacity by early 2015, an Aramco executive said.
Occidental Petroleum (Oxy) has seen a rise in oil and gas production which has helped it see profits rise in Q1 2011.
Saudi Basic Industries Corp. (SABIC) and the Saudi Industrial Property Authority (Modon) signed a three-way deal recently with Boston Consulting Group (BCG) to conduct a study to develop six cities in the Kingdom.
