SABIC | Egypt Oil & Gas - Part 2
Saudi Aramco Intends to Boost Capacity by 1 MMBBL/D
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), acc...
Aramco Seals Rights to Majority Stake in SABIC
Saudi Arabia’s Aramco has secured unconditional clearance from the European Commission to obtain a majority stake in SABIC, Reuters reported. This clearance symbolizes the last major hurdle that the Saudi Arabian comp... SABIC’s Strategy Remains Stable
Saudi Basic Industries Corp (SABIC) expects its strategy to remain on its growth track in light of the company’s acquisition by Saudi Aramco, according to the company’s CEO, Yousef al-Benyan, Zawya reporte...
SABIC Holds Technical Summit in India
Saudi Basic Industries Corporation (SABIC) has recently organized a technical summit in Bengaluru, India, according to a company statement. The SABIC Technology Center in Bengaluru was the location for the latest in a...
Iraq Discusses Gas, Petrochemical Projects with Saudi Investors
A number of investment opportunities in Iraq’s gas and petrochemicals industry have been presented to Saudi investors, a senior Iraqi official told Asharq Al-Awsat. Talks are being held with Saudi Aramco and Saudi Bas...
SABIC Not Seeking to Acquire Clariant
Saudi Basic Industries Corporation (SABIC) has denied interest in acquiring Switzerland’s Clariant, SABIC CEO Yousef Al-Benyan told Asharq Al-Awasat. SABIC owns a 25% stake in Clarent, which recently revealed th...
Aramco Considers Cooperation with Lukoil in Uzbekistan
Saudi Aramco and Russia’s Lukoil are considering a partnership for two natural gas projects in Uzbekistan, Reuters reported. This partnership would come in line with a protocol that was signed by Saudi Arabi and Russi... SABIC Extends Ar-Razi Partnership Deal for 20 Years
Saudi Basic Industries Corporation (SABIC) announced that it has renewed its partnership agreement with the Japan Saudi Arabia Methanol Company (JSMC) for another 20 years. The agreement concerns the Saudi Methanol Co...
