Aramco assesses possible investment in Shandong Yulong Petrochemical
Aramco, Nanshan Group, Shandong Energy Group and Shandong Yulong Petrochemical have signed a Memorandum of Understanding (MoU).
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Aramco's subsidiary, SAAC, has signed a Memorandum of Understanding (MoU) with Sinopec for potential downstream collaboration in China.
The companies have signed a joint collaboration and license agreement to co-develop and license Saudi Aramco's Heavy Oil Processing Initiative (HOPI+) technology.
Technip Energies has been awarded an EPC contract by Borouge for the construction of a new ethane cracker unit, to be integrated in the Borouge 4 petrochemical complex in the UAE.
The company has continued its multi-year achievements of zero lost time incidents and a zero total recordable incident rate.
Samsung Engineering has been awarded heavy lifting and transport scope to Mammoet in Saudi Arabia.
With the US$69 billion acquisition of SABIC in June and investments in oil-to-chemicals technology, Aramco has positioned itself for downstream growth.
SABIC has said the two companies are now considering the integration of Saudi Aramco’s existing refineries in Yanbu with a mixed feed steam cracker and downstream olefin derivative units.
Sumitomo Chemical and Saudi Aramco have made a loan of US$2 billion to Petro Rabigh in response to the challenging market conditions.
Siemens Energy is to supply 20 compression trains for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage project.
