Oct. 22, 2019News & Opinions
BP has signed a Memorandum of Understanding (MoU) with Zheijiang Petroleum and Chemical Corporation (ZPCC) to explore establishing a 50:50 joint venture to build and operate a 1 million t/y acetic acid plant in eastern China.
Sep. 16, 2019News & Opinions
Saudi Aramco plans to list 1% of its shares on the Riyadh Stock Exchange by the end of 2019 and another 1% in 2020, sources familiar with the matter have told Reuters newswire.
Aug. 15, 2019News & Opinions
Following up plans hinted at last spring by The Times of India, Saudi Aramco has signed a non-binding Letter of Intent (LOI) to acquire a 20% stake in the Oil-to-Chemicals division of India’s Reliance Industries (RIL).
Aug. 06, 2019News & Opinions
US engineering contractor McDermott International has acquired the assets and intellectual property of Siluria Technologies for an undisclosed sum. The transaction, which McDermott announced on Jul. 29 during the presentation of its ...
Apr. 11, 2019News & Opinions
Saudi Aramco‘s international bond issue, launched to finance the company’s $69.1 billion acquisition of a 70% stake in compatriot SABIC from the Kingdom’s Public Investment Fund (PIF), has raised $12 billion.
Feb. 25, 2019News & Opinions
Saudi Aramco has signed several agreements to form joint ventures in China. The deals were done during a visit to Beijing by Saudi Arabia’s Crown Prince Mohammed bin Salman on Feb. 21-22 as part of a three-country tour earlier last ...
Jan. 16, 2019News & Opinions
Saudi Aramco may tap the bond market for about $10 billion to help fund the acquisition of compatriot petrochemicals producer SABIC, Saudi Energy Minister Khalid Al-Falih told journalists in Dubai this week.
Jan. 03, 2019News & Opinions
At the end of 2018, German chemical producer Lanxess exited its legacy synthetic rubber business, completing the sale of its 50% share in the joint venture Arlanxeo to partner Saudi Aramco for €1.4 billion.
Nov. 27, 2018News & Opinions
Saudi Aramco has abandoned the idea of a major bond issue to finance its acquisition of the Saudi government’s 70% stake in compatriot petrochemicals and plastics producer SABIC, the Wall Street Journal (WSJ) reports.
Nov. 14, 2018News & Opinions
Saudi Aramco continues to dangle possible dates for its several times delayed initial public offering in front of the market. At the ADIPEC oil forum in Abu Dhabi last weekend, the company’s CEO Amin Nasser said the listing is ...
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