Aramco, a global leader in integrated energy and chemicals, has signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (GO). This marks Aramco’s first venture into the Pakistani fuels retail market, signifying a strategic move to bolster its downstream value chain on an international scale. Gas & Oil Pakistan, […]
In a significant move marking global integration in the energy sector, Saudi Arabian oil magnate, Aramco, has inked a Memorandum of Understanding (MoU) with China’s Shandong Yulong Petrochemical Co., Ltd. The pivotal agreement could see Aramco acquiring a 10% strategic equity in the Shandong-based petrochemical powerhouse, reinforcing its footprint in China’s burgeoning petrochemical landscape. Key […]
Aramco, a global leader in integrated energy and chemicals, has finalized a deal to buy a 100% equity stake in Esmax Distribusción SpA from Southern Cross Group, a private equity firm focused on Latin America. The acquisition is pending regulatory approval and other customary conditions. Esmax is a prominent downstream fuels and lubricants retailer with […]
In a significant breakthrough for the Middle East and North Africa, TotalEnergies, Aramco, and SABIC have successfully converted plastic waste into ISCC+ certified circular polymers for the first time. This innovative process, which took place at the SATORP refinery in Jubail, Saudi Arabia, involves turning plastic pyrolysis oil or plastic waste derived oil (PDO) into […]