India and Saudi Arabia are in discussions to explore joint projects in the fields of refineries and petrochemicals, as stated by Indian Prime Minister Narendra Modi in an interview with Arab News. This announcement comes as Modi begins a two-day visit to Saudi Arabia on Tuesday. During the interview, Modi emphasized that the two nations...
Saudi Aramco, China Petroleum & Chemical Corporation (Sinopec), and Yanbu Aramco Sinopec Refining Company (Yasref) have announced the signing of a Venture Framework Agreement (VFA) aimed at expanding Yasref’s petrochemical capabilities. The agreement, which marks a significant milestone for Yasref, is expected to enhance its global standing in the petrochemical sector and meet the growing...
The Abu Dhabi National Oil Company and Austria’s OMV have announced the creation of a new joint venture called Borouge Group International, which is valued at $60 billion. This new entity will combine their shareholdings in Borouge plc and Borealis AG and will also acquire the North American producer NOVA Chemicals Corporation for AED49.2 billion....
The Egyptian government has agreed to build a $7 billion industrial complex with the help of a group made up of Shard Capital Partners from the UK, Royal Strategic Partners from the UAE, and Al-Qahtani Group from Saudi Arabia. Shard Capital Partners made the statement. They are the lead firm in the alliance and have...