SABIC Not Seeking to Acquire Clariant
Saudi Basic Industries Corporation (SABIC) has denied interest in acquiring Clariant chemicals company.
Saudi Basic Industries Corporation (SABIC) has denied interest in acquiring Clariant chemicals company.
Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to avoid exporting oil through the Strait of Hormuz.
Saudi Arabia and Kuwait have discussed resuming crude oil production in jointly operated fields in the Neutral Zone.
Saudi Aramco has awarded L&T Hydrocarbon Engineering (LTHE) another new project in the Marjan Field.
Saudi Steel Pipe Company announced that it was awarded a contract for the supply of oil and gas steel pipe.
Saudi Arabia’s Public Investment Fund (PIF) has bought a 40% stake in Jasara Program Management Company, a joint venture between Saudi Aramco and Jacobs Engineering Group.
The Saudi Industrial Development Fund (SIDF) has signed an agreement with Masdar for the construction of a solar panels factory that will be the largest in the Arab world.
Saudi Aramco and Russia’s Lukoil are considering a partnership for two natural gas projects in Uzbekistan.
The government of Iraq and the China State Construction Engineering Corporation (CSCEC) see a lot of opportunities for cooperation in oil projects.
Gasoline prices in Saudi Arabia witnessed another increase on July 14, and remain subject to changes in global export prices.