Tag Archives: Sinopec Sabic Tianjin Petrochemical

U.S. exports of liquefied natural gas (LNG) to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID-19 pandemic, Eikon trade data shows. As with the ramp-up of U.S. oil exports that …

China'.s gas demand is expected to reach 510 Bcm by 2030.

The spending would be in addition to the oil giant'.s proposed purchase of a majority stake in SABIC.

Saudi Aramco is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic).

The investments required to build the complex will be shared equally by both companies.

Sinopec and CNPC are skipping bookings for November because it is unclear if Chinese buyers could win waivers from the sanctions.

The supply deal will likely start ahead of this winter and it will be for about three years.

Aramco. the world’s biggest oil producing company. is in talks to acquire a stake in Sabic. the region’s biggest petchems producer.

Aramco has appointed JPMorgan Chase &. Co and Morgan Stanley to advise on the SABIC deal.

JPMorgan and Morgan Stanley have been picked to advise on Aramco’s plan to buy up to a 70 percent stake in the petrochemical maker.