Wednesday, 22nd September 2021
Bently Nevada, a Baker Hughes business, has finalized a strategic framework alliance agreement with Saudi Basic Industries Corporation (SABIC) to supply asset performance management services.
Monday, 20th September 2021
Saudi Basic Industries Corporation ( SABIC), majority owned by Saudi Aramco, announced that it has started commissioning activities and preparations for initial start-up of the joint venture project with ExxonMobil in the US Gulf Coast.
Thursday, 5th August 2021
In Q2 2021, the company's sales increased by 72.3% reaching around $11.3 billion, compared to approximately $6.6 billion a year earlier.
Monday, 19th October 2020
The world’s largest oil company, Saudi Aramco, and Saudi Basic Industries (SABIC) have re-evaluated their $20 billion crude-oil-to-chemicals project with a view to integrating existing facilities instead.
Monday, 28th September 2020
Aramco and the Institute of Energy Economics Japan (IEEJ), in partnership with SABIC, have successfully produced and shipped the world’s first batch of blue ammonia from Saudi Arabia.
Monday, 21st September 2020
Saudi Industrial Investment Group and National Petrochemical Company have initiated talks to merge the two companies, resulting in an $11 billion petrochemical enterprise.
Thursday, 13th August 2020
Saudi Aramco plans to further cut capital expenditure (Capex) in an attempt to try and pay for the $75 billion dividends that were promised to investors.
Tuesday, 11th August 2020
Saudi Aramco has announced its intention to boost crude output by an estimated 1 million barrels of oil per day (mmbbl/d) to a total of 13 mmbbl/d, despite the company’s recent cuts in capital expenditure (Capex).
Sunday, 1st March 2020
Saudi Arabia’s Aramco has secured unconditional clearance from the European Commission to obtain a majority stake in SABIC.
Monday, 28th October 2019
Saudi Basic Industries Corp (SABIC) expects its strategy to remain on its growth track in light of the company's acquisition by Saudi Aramco.