Industry news

ADNOC to create world’s largest integrated refining and chemical site in Ruwais Arabian Oil & Gas 8 Mar 2018 Dr Sultan Ahmed Al Jaber (left), UAE minister of state and ADNOC Group CEO, discusses ADNOC’s strategic move downstream with IHS Markit Vice Chairman Daniel Yergin at CERAWeek in Houston, Texas. ADNOC announced its intention to…

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Exclusive: Borouge eyes expansion on the back of Adnoc’s downstream strategy The National 14 Mar 2018 Borouge, the UAE’s biggest petrochemical producer, will look to collaborate with part-owner Abu Dhabi National Oil Company on its new downstream strategy with an eye on expansion in its core markets, its chief executive said on Wednesday. “The market…

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Saudi Arabia scales back plan for Aramco’s massive IPO Market Watch 19 Mar 2018 Saudi Arabia is scaling back its ambitions for a public offering for oil giant Aramco, moving ahead with a listing next year solely on the Saudi stock exchange while taking more time to decide if an international venue is worth it,…

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Aramco, SABIC award crude-oil-to-chemicals PMC, FEED contract to Wood Arabian Oil & Gas 11 Mar 2018 In a significant new step towards the successful implementation of Saudi Aramco and SABIC’s fully integrated, strategic crude-oil-to-chemicals (COTC) complex in the Kingdom, the partners awarded Wood a contract for project management and front-end engineering design (FEED). The award…

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Saudi’s Sipchem, Sahara Petrochemical to resume merger talks Reuters 13 Mar 2018 DUBAI (Reuters) – Saudi International Petrochemical Co 2310.SE (Sipchem) said on Tuesday it was planning to resume proposed merger talks with Sahara Petrochemical 2260.SE in a deal that could create a 14.7 billion riyals ($3.9 bln) chemicals company. The two companies called off…