Sep. 12, 2019News & Opinions
Shortly after he was replaced as chairman of Saudi Aramco, the Saudi government has replaced Khalid al-Falih as energy minister. Taking this job will be Prince Abdulaziz bin Salman bin Abdulaziz al-Saud, half-brother of crown prince ...
Sep. 09, 2019News & Opinions
Saudi Arabia’s energy minister Khalid al-Falih has been removed as chairman of the country’s flagship company Saudi Aramco, which is also the world’s largest oil company. The move by the Saudi government is being seen as ...
Jun. 04, 2019News & Opinions
In its first foray into the Middle East, Ineos has signed a Memorandum of Understanding with Saudi Aramco and French energy and chemicals group Total to build three new plants in Saudi Arabia’s Jubail 2 complex.
Apr. 25, 2019News & Opinions
Saudi Aramco has agreed to buy Shell’s 50% stake in their Sasref oil refinery joint venture for $631 million. The deal, one of several that Aramco has struck in recent weeks, is part of the oil giant’s plan to increase the ...
Apr. 23, 2019News & Opinions
Saudi Aramco is continuing its buying spree. Just before the Easter holiday, the oil giant and Hyundai Heavy Industries Holdings announced an agreement for Aramco’s Netherlands-headquartered offshoot Aramco Overseas Company (AOC) to ...
Apr. 18, 2019News & Opinions
After successfully raising more than $12 billion in a bond issue, Saudi Aramco, the world’s largest crude oil producer and newly identified as the world’s most profitable company, has a stash of cash.
Mar. 29, 2019News & Opinions
Saudi Aramco has agreed to buy a 70% controlling stake in SABIC from the Kingdom’s Public Investment Fund (PIF) for $69.1 billion.
Feb. 08, 2019News & Opinions
Saudi Aramco, through its wholly owned subsidiary Saudi Aramco Technologies, has signed an agreement with Axens and TechnipFMC to accelerate the development and commercialization of its catalytic crude-to-chemicals (CC2C) technology.
Jan. 15, 2019News & Opinions
Leveraging part of the €1.4 billion proceeds from the sale of its 50% stake in synthetic rubber producer Arlanxeo to Saudi Aramco, German specialty chemicals producer Lanxess has launched a share buyback program.
Dec. 05, 2018News & Opinions
Hanwha Total Petrochemical, a 50:50 joint venture between French energy and petrochemicals company Total and South Korea’s Hanwha Group, plans to spend nearly $500 million to expand its complex in Daesan, South Korea.
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