INEOS acquires BP’s global aromatics and acetyls business
Petrochemical company INEOS has announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of US$5bn
Petrochemicals
Saudi Aramco completes acquisition of 70 per cent stake in SABIC
Oil 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 Arabias sovereign wealth fund
MENA countries score high in G20 low carbon project investment
According 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
McDermott wins technology contract for petrochemical company in Saudi Arabia
Engineering company McDermott International has won a technology contract by Advanced Global Investment Company, a wholly owned subsidiary of Advanced Petrochemical Co. (APC)
Saudi Aramco, Sabic remain committed to Yanbu chemicals project
Saudi 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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