Saudi Aramco has completed acquiring 17% stakes of South Korea's Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion.

Saudi Aramco has been establishing an international gas business in a way that diminishes its carbon footprint by converting more crude oil into chemicals.

Saudi Basic Industries Corporation (SABIC), one of the largest chemical producers in the world, announced a decline in its profits for the Q4 of 2018 because of the drop in average selling prices.

Sidi Kerir Petrochemicals Company (Sidpec) held a board meeting to discuss acquiring one of the Egyptian chemicals' companies.

Saudi Aramco has signed an agreement with two US companies to use their technologies in order to turn crude oil to chemicals, which will help the kingdom boost its petrochemical business.

Saudi Arabia's Sadara Basic Services said on Tuesday that its parent firm signed a SR14.13 billion ($3.77 billion) deal with Saudi Electricity Company to supply electric power to its chemicals complex in Jubail Industrial City.