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FINANCIAL NEWS
Saudi Aramco to triple chemicals output by 2030
29 Nov 2016
(MENAFN) Saudi Aramco plans to triple its chemicals production to 34mn metric tons per year by 2030, while it is predicted to grow from 12mn to 34mn metric tons.
Moreover, over the same period the firm”s global refining capacity will rise to 8-10mn barrels per day (bpd) from more than 5mn bpd recently.
In addition, developing petrochemicals is part of the Saudi Vision 2030 economic reform plan, which aims to spread the economy away from oil.
The company has been integrating its refineries with petrochemical infrastructure as it develops its downstream business and spreads its trading of refined products.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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