Saudi Aramco. SABIC to Sign MoU on $25 Billion Oil to Chemicals Complex

core November 26, 2017 Companies Leave a comment 3 Views

State oil giant Saudi Aramco and Saudi Basic Industries Corp are about to sign a memorandum of understanding to build a complex converting crude oil to chemicals in the kingdom. sources told Reuters on Sunday.
The two companies had agreed in June 2016 to conduct a feasibility study for the project. which industry sources have estimated would cost around $25 billion to build.

Tags

About core

Check Also

Shell Returns to Angola as Oil Majors Circle a Declining Basin

Shell is making a quiet but pointed return to Angola’s offshore oil patch, signing a …

Leave a Reply

Your email address will not be published. Required fields are marked *

Design & Developed by: Arya Media Group
© 2020 | All Rights Reserved by ARYA MEDIA GROUP.