Saudi Aramco has agreed to purchase a 22.5% stake in the petrochemical joint venture Petro Rabigh from Japan’s Sumitomo Chemical for $702 million, as announced in a joint statement on Wednesday.

S audi state oil giant Aramco said on Wednesday that it has agreed to acquire an additional 22.5 per cent stake in Petro Rabigh, its petrochemical joint venture with Japan’s Sumitomo Chemical ...

Aramco has signed a definitive agreement to acquire an additional stake of approximately 22.5 per cent in Rabigh Refining and Petrochemical (Petro Rabigh), the refining and petrochemical complex ...

Saudi state oil giant Aramco said on Wednesday that it has agreed to acquire an additional 22.5 per cent stake in Petro Rabigh, its petrochemical joint venture with Japan’s Sumitomo Chemical ...

A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries ...

Southern California air regulators have adopt more stringent rules to monitor and curb smog-forming pollution from fuel storage tanks. This 2021 photo shows oil storage tanks in Huntington Beach.

While TAQAT confirmed via its website the December 2020 signing of its agreement with Petro Rabigh’s refinery for the needle coke plant’s development and associated feedstock supply, the ...

CARLYSS, La. (KPLC) - Lightning strikes a crude oil tank at a plant in Carlyss Saturday afternoon causing it to catch fire. The tank was located at Texas Petroleum, according to Office Homeland ...

Aramco acquires further Petro Rabigh stake. Upon the completion of the transaction, in which a share is priced at SAR7, Aramco will become Petro Rabigh’s largest shareholder with an equity stake of ...

Petro Rabigh is the largest integrated refinery and petrochemical complex in Saudi Arabia, producing fuels and high-value petrochemical products. Honeywell has been a key player in the region for over ...

By Myra P. Saefong . Oil producers face several challenges. Here's what's going on. A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since ...