Related to Ventures
DHAHRAN, December 21, 2020
Saudi Aramco Development Company, a subsidiary of Aramco, and Cognite AS (“Cognite”) have signed an agreement to establish a joint venture (“JV”) as part of their strategic digitalization partnership.
DHAHRAN, December 08, 2020
Aramco and Baker Hughes (NYSE:BKR) have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector.
DHAHRAN, Saudi Arabia and THE HAGUE, The Netherlands, September 18, 2019
Acquisition of Shell 50% interest of the SASREF joint venture in Jubail for $631 million.
DHAHRAN, April 21, 2019
The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries, as part of its long-term Downstream growth strategy.
AMSTERDAM, NETHERLANDS, December 31, 2018
Saudi Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced today the completion of Saudi Aramco’s acquisition of LANXESS‘s interest in ARLANXEO Holding B.V.
DHAHRAN, November 01, 2018
The announcement by Saudi Aramco and SABIC, the two largest industrial entities in the Kingdom, reflects the high importance both companies place on making the Kingdom a key hub for global chemicals production.
DHAHRAN, October 08, 2018
Complex to be integrated with SATORP refinery, adding a new slate of products in the Kingdom, boosting revenue, and further diversifying its economic and industrial activities.
DHAHRAN, August 12, 2018
Saudi Aramco, Air Products, and ACWA Power today announced the signing of a Term Sheet to form a Gasification/Power joint venture located at Jazan Economic City in Saudi Arabia.
AMSTERDAM, The Netherlands, August 08, 2018
Purchase of synthetic rubber and elastomer company would further diversify Aramco’s downstream portfolio, strengthen capabilities along petroleum and chemicals value chains.
DHAHRAN, August 28, 2017
The Dow Chemical Company and Saudi Aramco today announced a non-binding Memorandum of Understanding that sets forth a process for Dow to potentially increase equity ownership in Sadara to 50 percent.
JUBAIL, August 16, 2017
Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and The Dow Chemical Company, on Monday celebrated the commissioning of the last of its 26 plants.
Sadara is not just another project; it is the cornerstone of our downstream strategy to become a leading global integrated energy and chemicals enterprise, continuously increasing the value we deliver from the Kingdom’s hydrocarbon resources.