The proposed petrochemical complex will consist of a steam cracker and derivative units and a natural gas liquid extraction facility
downstream
Latest in downstream
Amiral
Saudi Aramco announces $11bn megaproject in Jubail
Commercial operation is set to begin in 2027 with construction scheduled to begin in the first quarter of 2023
downstream
Seven metal companies of Tata Group to amalgamate with Tata Steel
The new structure will enhance management efficiency, drive sharper strategic focus and improve agility across businesses, says the company
Abu Dhabi National Oil Company
Early work starts in Borouge 4 as it targets 6.4 million tonnes polyolefin production
The new plan is built over an area equivalent to 500 football pitches and will play an important role in the future of UAE’s industry sector
Aramco Trading
Saudi Aramco expands downstream presence in Asia in collaboration with Thailand’s PTT
The MoU aims to boost cooperation across a wide range of activities, including sourcing crude oil; marketing refining and petrochemical products and LNG; and exploring blue and green hydrogen
China
Aramco JV looks to develop a major liquids-to-chemicals complex in China
The project presents an opportunity for Aramco to supply up to 210,000 barrels per day of crude oil feedstock to the complex
chemical producer
Chemical boom wanes for Aramco’s Sabic as supply woes bite
Chemical prices have soared this year as major economies recover from the coronavirus pandemic, and Sabic made its highest earnings in almost a decade in the second quarter
acquisition
Aramco’s giant chemicals deal starts to show signs of paying off
Last year’s $69 billion acquisition of a stake in Saudi Basic Industries Corp., as the chemicals maker is formally known, has helped drive a turnaround in Aramco’s business of converting oil into plastics and other products
Abu Dhabi Crown prince
In pictures: Sheikh Mohamed bin Zayed visits Adnoc’s facilities in Ruwais
During the tour, Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan commended Emirati talent in attendance for their commitment to business continuity during these unprecedented times as well as their exceptional efforts in supporting critical operations that contribute to the economic growth and prosperity of our nation.
acquisition
Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture
The refinery in Jubail Industrial City has a capacity of 305,000 barrels per day
Abu Dhabi
ADNOC signs MoUs with OMV, Borealis for downstream collaboration
Agreements in line with ADNOC’s ambition to expand downstream portfolio as part of its 2030 growth strategy
ADNOC
Augmented reality helping train oil workers for disasters, says Schneider Electric CEO
Schneider Electric CEO Jean-Pascal Tricoire said that augmented reality technology can help virtually prepare operators for leaks and fires at refineries and offshore platforms
Abu Dhabi
Abu Dhabi’s Mubadala to push ahead with IPO for Spanish oil firm Cepsa
In what may be decade’s largest such deal, Mubadala will offer a stake of at least 25% in Cepsa in Q4
Abu Dhabi
Abu Dhabi set to cash in Cepsa investment with $11.6bn IPO
Sources say Mubadala Investment has decided to proceed with an IPO rather than a sale of Spanish oil firm Cepsa
Abu Dhabi
ADNOC launches new unit to extract heavy oils and slurry
Carbon black and concentrated coke are essential elements in various industrial processes.
Abu Dhabi National Oil Company
ADNOC sees ‘considerable’ interest in $45bn downstream expansion plan
Abu Dhabi National Oil Company explores a range of new growth options and initiatives to accelerate the delivery of its recently announced downstream strategy
ADNOC
ADNOC’s $45bn downstream, facilities investment to create 15,000 jobs
ADNOC’s investment programme will see the creation of new Ruwais conversion and derivatives parks