Saudi Aramco, TechnipFMC and Axens advance crude-to-chemicals technology
The technology has the potential to convert more than 60% of a barrel of crude oil into chemicals.
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The financial impact of full commercial operations will be reflected in the company's financial results as of 1Q19.
The JV company will market and provide integrated defensive cybersecurity software and hardware capabilities, and perform research and development activities.
SABIC will raise its stake in Ar-Razi to 75%, purchasing 50% of JSMC’s share.
The King Salman Energy Park will target exploration, production, refining, petrochemicals, conventional power and water production and treatment.
The company has announced the safe completion of activities at the IMC’s facility.
Amin H. Nasser told delegates that the company’s objective is to bring its downstream business to the same level as its upstream.
Agreements take the total 2019 COSA volume to 1.67 million bpd, the largest in China’s history.
Under the MoU, ADNOC could store crude in two compartments of the facility in Karnataka, India.
Agreement explores potential collaboration as the energy producers seek to boost revenues from natural gas and LNG business segments.
