Petrochemicals

China receives first cargo of Arabian crude oil from Saudi Aramco

Aram2The China National Offshore Oil Corporation (Cnooc) has received first cargo of Arabian crude oil from Saudi Aramco at the Huizhou refinery in South China’s Guangdong province

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Dow and Saudi Aramco sign MoU to restructure ownership in Sadara

SadaraSaudi Aramco has signed a MoU with the US multinational Dow Chemical Company that aims to set forth a process for Dow to acquire an additional 15 per cent ownership interest from Saudi Aramco in Sadara Chemical Company, a joint venture of the two companies

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Oman secures US$728mn ammonia project

AmmoniaOman’s Salalah Methanol Company (SMC), a wholly-owned subsidiary of the Oman Oil Company (OOC), has secured US$728mn for funding Salalah ammonia plant from a mix of 12 international, regional and local banks

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Saipem wins US$850mn pipeline contract in Kuwait’s Al Zour oil refinery

Al ZourItalian engineering company Saipem has received a contract worth US$850mn from Kuwait Oil Company (KOC) to build 450km pipeline system for the new Al Zour refinery located in the south of Kuwait

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Shell complete SADAF chemicals sale in KSA to SABIC for US$820mn

three people walkingShell has completed the sale of its 50 per cent share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for US$820 million

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