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Saudi Aramco, the state-owned oil company of Saudi Arabia, and Total, a French oil and gas company, have announced the start of joint work on the development of documentation for a petrochemical complex in Al Jubail. As previously reported, the new complex will be integrated with the existing SATORP refinery, with a capacity of 440,000 barrels per day. The share owned by Saudi Aramco in the existing plant is 62.5%, the share of Total is 37.5%. About 9 billion dollars will be invested in the new complex, the launch of which is planned for 2024. The project should help diversify the economy of Saudi Arabia.
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
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