Petrochemicals

Aramco’s planned acquisition of SABIC is expected to involve buying all or nearly all of the 70 percent stake in the chemicals company.

Aramco is the world’s most important and most valuable oil company.

The expected investment of US$175 million will be funded by the JV.

The move comes as it seeks to finance the acquisition of petrochemical giant Sabic.

The two chemical compounds are used largely in the manufacture of synthetic rubber.

The activities carried out in the special economic zone of the energy consuming industry of Parsian are significant in the petrochemical sector.

BP and SOCAR expect to work towards a potential final investment decision in 2019.

Paying due attention to the Makran region will change the country'.s future and pave the way for progress.

PRTC was taking steps towards commercialization of the catalysts it produces.

PRTC signed a contract with Sabtech Company for developing process control systems.