Saudi Arabia

Aramco’s trading arm is ramping up activity as the state firm seeks to max revenue. A Singapore office opened in 2017, and this week saw a Fujairah branch.

UK firm Ineos plans to build three specialty chemicals plants within the $9bn Amiral complex next to the 440,000 b/d Aramco/Total Satorp JV refinery.

Aramco is poised to make its long-anticipated debut in the US gas sector with a preliminary agreement to enter Sempra’s Port Arthur LNG.

Saudi petchems firms Sipchem and Sahara Petrochemical have completed a “mergers of equals” to create a new company Sahara...

This week’s attacks on vessels offshore the UAE’s Fujairah port and on a critical Saudi crude oil pipeline raise questions about the key Hormuz-bypass options of two of the world’s largest oil producers. Meanwhile, the US is withdrawing staff from Iraq amid rising tension with Iran.

Saudi says it is ready and willing to make up any crude shortfall on global markets. But in hiking its OSPs to near-record levels its customers will have to pay top dollar.

Qatar and Saudi Arabia each have five petchems JVs with international majors: and Saudi is making it six with Aramco’s Amiral tie-up with Total.

Sabic has split out income from operations by the company’s three business groups for the first time, following Aramco’s 70% purchase agreement.

Saudi Arabia posted its first budget surplus in five years in the first quarter of 2019. Normal service is set to resume for the rest of the year.

The Sasref equity deal will give Aramco total control of one of Jubail’s two refineries, where it will have a major petchems hub following its Sabic takeover.

Saudi Arabia toppled Russia as China’s top supplier of crude in the first quarter of 2019, thanks to a...

The Saudi Capital Market Authority (CMA) has approved a request by petrochemicals producer Sipchem to issue almost 367 million...