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Farabi inaugurates USD 950 mn petrochem plant in Yanbu
The facility expands Farabi’s annual LAB capacity by 120k tons
New petroleum law requires companies, exporters to obtain license
The new law enforces strict penalties, including fines up to SAR 30 mn and prison time
Aramco reportedly scraps plans for Ras Al Khair refining and chemical plant
The oil giant is gearing its downstream operations towards Asia
KSA + Philippines ink energy MoU on energy
PLUS: Petro Rabigh and China’s Jiahua Chemicals mull new petrochem facility in Rabigh
Sipchem awards EPC contracts worth USD 169 mn for expansion of a chemical plant
The expansion will boost annual production capacity by 150k tones of polypropylene
Sabic to boost its footprint in China with new advanced plastics facility
New plant to produce materials for electronics, automotive, and 5g sectors.
Alujain finalizes SAR 1.9 bn sale of 35% stake in NATPET
Alujain will pay down debt and make new investments
US Secretary of State Antony Blinken is due back in Saudi for World Economic Forum special meeting + talks with Crown Prince
Plus: Tense talks continue in Ottawa on global plastics treaty
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