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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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