Egyptian Ministry of Petroleum and Mineral Resources announced major deals in developing sector
refining and petrochemicals
Latest in refining and petrochemicals
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
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
Aramco IPO
Finance chief who steered Saudi Aramco through IPO to step down
Al-Dabbagh, 59, will reportedly join the company’s board and retain the chairmanship of Aramco’s chemicals subsidiary, Saudi Basic Industries Corp.
Abu Dhabi National Oil Company
India’s Reliance to invest in Abu Dhabi petrochemicals hub
Investment in Abu Dhabi National Oil Co.’s Ruwais refining hub could amount to as much as $1.5bn
Mukesh Ambani
Indian giant Reliance Industries to formalise partnership deal with Saudi Aramco this year, says chairman Mukesh Ambani
Ambani also announced the joining of Yasir Al-Rumayyan, chairman of Saudi Aramco and the governor of the Public Investment Fund, on the board of Reliance as an independent director
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.
exploration and production
India set to ease licensing requirements for fuel marketing
Companies like Saudi Aramco are required to invest a minimum of $282m
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
ADNOC
Adnoc says no plans to acquire Reliance Industries refinery stake
Saudi Aramco is said to be in ‘serious discussions’ to acquire the stake, with a possible agreement on valuation by early as June
Amin Nasser
Saudi Aramco in talks to acquire 25% stake in India’s Reliance refining businesses
Reliance Industries sale could fetch between $10 and $15 billion, according to media reports
Aramco IPO
Saudi Aramco’s $1.6bn Hyundai stake deepens refiner ties in Asia
Saudi Arabia was South Korea’s biggest crude supplier last year, with its nearly 876,000 barrels a day of shipments accounting for about 29 percent of total imports
Abu Dhabi National Oil Company
Adnoc agrees $5.8bn deal with Eni, OMV for stake in Abu Dhabi refineries
Deal values Abu Dhabi National Oil Co. Refining at $19.3 billion
automotive industry
India’s petroleum ministry to drive sales of electric vehicles
Electric vehicle marketshare in India is expected to reach 40% by 2030
Abu Dhabi
ADNOC launches new unit to extract heavy oils and slurry
Carbon black and concentrated coke are essential elements in various industrial processes.