Petrochemicals

UAE’s Mubadala sells majority stake in Borealis for US$4.68bn

BOREALIS A18 1Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and OMV, an international integrated oil and gas company headquartered in Vienna, have signed an agreement that will give OMV a majority stake in Borealis, one of Europe’s leading petrochemical companies

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Saudi Aramco signs 66 MoUs worth US$21bn with local, international partner

Group PhotoSaudi Aramco has signed 66 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US$21bn with international partner companies and entities from 11 countries in several industrial and business sectors across the Saudi Arabian energy sector

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Saipem signs MoU with Gulf Petrochemical Industries Company

industrial 720706 640Saipem has signed a Memorandum of Understanding (MoU) with Gulf Petrochemical Industries Company (GPIC)

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Saudi Aramco Energy Ventures makes US$5mn investment into VAKT

Saudi Aramco RigVAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has welcomed Saudi Aramco Energy Ventures (SAEV) as its latest investor

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Petrochemicals company Borouge establishes marketing company in Egypt

433A1789 01 RevBorouge, a UAE petrochemicals company that provides plastics solutions, has announced the establishment of a new marketing company in Cairo

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