Saudi Arabia’s government is considering a plan under which Aramco would buy a stake in Saudi petrochemical maker SABIC, a move that could boost the state oil giant’s market valuation ahead of a planned initial public...
LyondellBasell in exclusive talks to acquire control of Braskem
LyondellBasell Industries NV (LYB.N) and Odebrecht SA, the controlling owner of petrochemicals producer Braskem, said on Friday they have entered into exclusive talks for Lyondell to acquire control of Braskem, and two...
Essar Oil to invest $250 mn in Stanlow refinery
Essar Oil UK looks to invest $250 million in its Stanlow refinery to increase production, improve focus on high-value products and expand its crude oil sourcing basket to save costs and improve margins. “Essar...
ExxonMobil says completes Singapore refining-petchem plant acquisition
ExxonMobil (XOM.N) said on Monday it has completed the acquisition of Jurong Aromatics, a refining and petrochemical plant in Singapore, that will meet fast-growing demand in Asia. The acquisition will boost the U.S...
Exxon Mobil buys Singapore petrochemical plant, boosts output in Asia
Exxon Mobil Corp (XOM.N) said on Thursday it has reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore that will boost its output and meet demand in Asia. The...
Lohia family’s Indorama Ventures eyes stake in Haldia Petrochemicals
Indorama Ventures Public Co. Ltd, the Bangkok-based chemicals maker controlled by the Lohia family, is in initial talks with The Chatterjee Group (TCG) to buy a stake in Haldia Petrochemicals Ltd (HPL), two people aware...
ExxonMobil says in talks to buy Singapore’s Jurong Aromatics
ExxonMobil (XOM.N) said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia. “We can confirm that we are currently negotiating...
Saudi Aramco to invest $7 billion in Petronas’ RAPID oil refinery
Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion in an oil refinery and petrochemical project in Malaysia’s southern...
Merger of Abu Dhabi’s IPIC and Mubadala creates $125-bn behemoth giant
Government of Abu Dhabi has merged two leading domestic companies – International Petroleum Investment Company (IPIC) and Mubadala Development Company – to create Mubadala Investment Company, a firm wholly-owned...
SK Innovation to invest up to $2.5 billion in 2017 to boost growth
SK Innovation Co Ltd (096770.KS), which owns South Korea’s top refiner SK Energy, said on Sunday it will spend up to 3 trillion won ($2.49 billion) in chemicals, oil exploration and battery businesses to boost its...
Bhatinda Refinery eyes Rs5,000 crore for expansion
The Guru Gobind Singh refinery at Bhatinda in Punjab will increase its refining capacity to 18 million metric tonnes per annum (mmtpa) and set up a petrochemical complex, people aware of the development said. The unit...
Manali Petro soars nearly 12% on acquisition of UK-based firm
NEW DELHI: Shares of Manali PetrochemicalsBSE -1.57 % today surged nearly 12 per cent after the company announced an acquisition of UK-based Notedome for about Rs 120 crore. The scrip soared 11.78 per cent to Rs 42.20...
