Sabic has entered into a MOU with Saudi Aramco and PKN Orlen for exploring the potential of petrochemical expansion projects in Poland, Central and Eastern Europe. Under the terms of the agreement, the investment opportunities will include a new chemical production facility in Poland, the expansion of various existing assets and development of a new world scale cracker.
The EIG-led consortium has concluded the infrastructure deal with Aramco. Under the terms of the contract, the consortium which includes well-known investors will now acquire a 49 % equity stake in Aramco Oil Pipelines Company.
In a recent television interview, the Crown Prince Mohammed Bin Salman of Saudi Arabia stated that the country is in talks to sell 1 % stake in the state-owned oil major Saudi Aramco to a leading energy company.
Chemical companies are filling up plant order books: Between 2005 and 2015, global investment in the sector increased by nearly a factor of three and currently stands at more than $ 200 billion. Most of these plants are based on conventional design and construction, but the engineering departments at chemical companies and EPC contractors are about to make major changes to the engineering process.
Saudi Aramco, CB&I, und Chevron Lummus Global haben eine gemeinsame Entwicklungsvereinbarung zum Ausbau und für die Vermarktung des von Saudi Aramco entwickelten TC2C-Verfahrens (Thermal Crude to Chemicals) unterzeichnet.
The two leading companies in Saudi Arabia have entered into an agreement to create a Crude Oil to Chemicals Complex. The project is expected to commence operations in 2025 and produce approximately 9 million tonnes of chemicals and base oils annually.
Sadara signed a Memorandum of Understanding (MOU) with Gulf Interchem, a Bahrain-based technology company, for a by-products upgrade project based in Plas Chem Park, a collaborative industrial park between Sadara and the Royal Commission for Jubail and Yanbu (RCJY) in Jubail Industrial City II.
Saudi Aramco has recently signed agreements with several oil and gas service contractors for its mega oil and gas projects that will be designed to enhance the company’s energy sustainability, expand gas production, localize domestic content and also diversify the economy. The agreements are valued at nearly 4.5 billion dollars in total.
Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) for its petrochemicals projects within the Petronas Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor.