SABIC | Egypt Oil & Gas - Part 3
Aramco to Issue $10 B Bonds
Saudi Aramco is preparing a $10 billion bond issuance in early April 2019, CNBC reported, citing the Wall Street Journal. For the world largest oil firm, the move is seen as an indicator of how well the company operat...
Aramco to Acquire 70% Stake in SABIC
Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in the Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans, Reuters reported. R...
Saudi Arabia Signs $2 B Deal with SUMED
Saudi Arabia’s Aramco and Saudi Basic Industries Corporation (SABIC) signed agreements with the Arab Petroleum Pipelines Company (SUMED) worth $2 billion to establish petrochemical projects in the Mediterranean ... Saudi Aramco IPO will ‘Certainly’ Happen: CEO
Saudi Aramco chief executive Amin Nasser has said that the delayed initial public offering (IPO) of the state oil giant will “certainly” happen when conditions are right, Reuters reported. Saudi Aramco is still in tal...
Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast, Reuters reporte...
SABIC Posts $1.6B Q3 Net Profit
Saudi Basic Industries Corp (SABIC) has announced a net profit of $1.6 billion in Q3 2018 on the back of rising average prices and sales, Pipeline Oil and Gas Magazine reported. Profits rose 5.4% from the $1.5 billion...
Saudi Aramco IPO by Early 2021: Crown Prince
Saudi Aramco’s initial public offering (IPO) will take place by 2021, Crown Prince Mohammed bin Salman has said. “I believe late 2020, early 2021,” he said during an interivew with Bloomberg. “The in... SABIC Approved to Purchase Clariant Stake
Regulators have approved SABIC’s purchase of a 24.99% stake in Swiss chemical company Clariant, a company press release announced. The Saudi manufacturing company will close the purchase in mid-September, making...
