The planned formation of a major petrochemical joint venture between Kuwait’s Petrochemical Industries Company (PIC) and South Korea’s SKC completed on 29 February 2020
Petrochemicals
UAE’s Mubadala sells majority stake in Borealis for US$4.68bn
Mubadala 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
Saudi Aramco signs 66 MoUs worth US$21bn with local, international partner
Saudi 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
Saipem signs MoU with Gulf Petrochemical Industries Company
Saipem has signed a Memorandum of Understanding (MoU) with Gulf Petrochemical Industries Company (GPIC)
Saudi Aramco Energy Ventures makes US$5mn investment into VAKT
VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has welcomed Saudi Aramco Energy Ventures (SAEV) as its latest investor