Company Insights Sabic Petrochemicals Sabic News Analysis Oil & Gas Aramco focuses spending on gas and Jafurah fields Saudi Aramco, the world’s largest oil company by value, has said it is focusing its spending on developing natural gas over oil reserves because of higher returns. The Saudi kingdom, the world’s second-largest oil producer after the US, is developing its gas reserves to supply its petrochemical and fertiliser industries and to power its electricity-generating […] March 7, 2025 Analysis Markets Gulf investors urged to switch from petrochems to fertiliser Gulf fertiliser companies are trading below their fair value, with investors not seeming to price in a rebound in product prices that analysts say is more than just a seasonal upswing. In the Gulf, fertilisers and petrochemicals are considered adjacent industries, since both rely on natural gas as a feedstock. While petrochemical companies’ earnings have […] March 7, 2025 Energy Aramco slashes blue ammonia output to reduce costs Saudi Aramco has scaled down its low carbon ammonia production target by 80 percent because of high costs and low demand. The company has adjusted its production objective from 11 million tonnes per annum (mpta) by 2030 to 2.5 mpta, it has said. The new target is still subject to the availability of commercially viable […] March 6, 2025 Petrochemicals Aramco-owned Sabic turns $400m profit in 2024 Saudi Basic Industries Corporation, a listed petrochemicals company that is 70 percent owned by Saudi Aramco, turned a profit last year after losing money in 2023. Sabic’s profit was SAR1.5 billion ($400 million) in 2024, compared with a loss of SAR2.8 billion in 2023. Annual revenue fell 1 percent to SAR140 billion and sales volumes […] February 26, 2025 Analysis Petrochemicals Petrochemicals ‘won’t even get fleeting respite’, analysts warn Executives and investors in Saudi petrochemicals could be forgiven for needing a break from industry news after its biggest companies report what are widely expected to be lacklustre results for the final quarter of 2024. They won’t be getting that pause any time soon, however. Extra production capacity that was expected in 2024 is instead […] February 26, 2025 Analysis Petrochemicals Gloomy outlook for Saudi petrochemicals Saudi Arabia’s 10 listed petrochemical companies are likely to report lacklustre earnings for the fourth quarter of 2024 because of an ongoing downturn in the global chemicals industry, analysts predict. The sector’s prolonged malaise means they are likely to be of little interest to international institutional investors – although all enjoy significant cost advantages over […] February 25, 2025 Manufacturing Alba and Ma’aden end merger discussions Aluminium Bahrain (Alba) and the Saudi Arabian Mining Company (Ma’aden) have ended talks over a merger of the two Gulf manufacturing giants. Discussions had been taking place since last year and it had been hoped that a deal could be completed in the first quarter of 2025, according to Alba’s chief executive, Ali Al Baqali. […] January 13, 2025 Giga-projects Rising fuel and feedstock prices could fund Vision 2030 Higher feedstock and fuel prices introduced in Saudi Arabia are likely to play a part in funding the kingdom’s trillion-dollar Vision 2030 programme, according to a leading ratings agency. From the start of the month, the price of methane, the main component of natural gas and commonly used as a fuel in cement kilns, rose […] January 10, 2025 Manufacturing Alba and Ma’aden delay merger to Q2 2025 The deadline on a potential merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has been extended into the second quarter of 2025. It had been hoped that a deal between the two manufacturing giants could be completed in the first quarter, according to Alba’s chief executive, Ali Al Baqali. But a note […] December 23, 2024 Energy Aramco starts work on mega petrochem complex in China Saudi Aramco has started constructing a new integrated refining and petrochemical complex in Fujian Province in China as part of its liquids-to-chemicals strategy. The complex is being developed with China Petroleum & Chemical Corporation (Sinopec) and Fujian Petrochemical Company Limited (FPCL). The facility will have a 16 million tonnes-per-year, or 320,000 barrels per day, oil refining […] November 19, 2024 Posts navigation Previous 1 2 3 … 9 Next
Analysis Oil & Gas Aramco focuses spending on gas and Jafurah fields Saudi Aramco, the world’s largest oil company by value, has said it is focusing its spending on developing natural gas over oil reserves because of higher returns. The Saudi kingdom, the world’s second-largest oil producer after the US, is developing its gas reserves to supply its petrochemical and fertiliser industries and to power its electricity-generating […] March 7, 2025
Analysis Markets Gulf investors urged to switch from petrochems to fertiliser Gulf fertiliser companies are trading below their fair value, with investors not seeming to price in a rebound in product prices that analysts say is more than just a seasonal upswing. In the Gulf, fertilisers and petrochemicals are considered adjacent industries, since both rely on natural gas as a feedstock. While petrochemical companies’ earnings have […] March 7, 2025
Energy Aramco slashes blue ammonia output to reduce costs Saudi Aramco has scaled down its low carbon ammonia production target by 80 percent because of high costs and low demand. The company has adjusted its production objective from 11 million tonnes per annum (mpta) by 2030 to 2.5 mpta, it has said. The new target is still subject to the availability of commercially viable […] March 6, 2025
Petrochemicals Aramco-owned Sabic turns $400m profit in 2024 Saudi Basic Industries Corporation, a listed petrochemicals company that is 70 percent owned by Saudi Aramco, turned a profit last year after losing money in 2023. Sabic’s profit was SAR1.5 billion ($400 million) in 2024, compared with a loss of SAR2.8 billion in 2023. Annual revenue fell 1 percent to SAR140 billion and sales volumes […] February 26, 2025
Analysis Petrochemicals Petrochemicals ‘won’t even get fleeting respite’, analysts warn Executives and investors in Saudi petrochemicals could be forgiven for needing a break from industry news after its biggest companies report what are widely expected to be lacklustre results for the final quarter of 2024. They won’t be getting that pause any time soon, however. Extra production capacity that was expected in 2024 is instead […] February 26, 2025
Analysis Petrochemicals Gloomy outlook for Saudi petrochemicals Saudi Arabia’s 10 listed petrochemical companies are likely to report lacklustre earnings for the fourth quarter of 2024 because of an ongoing downturn in the global chemicals industry, analysts predict. The sector’s prolonged malaise means they are likely to be of little interest to international institutional investors – although all enjoy significant cost advantages over […] February 25, 2025
Manufacturing Alba and Ma’aden end merger discussions Aluminium Bahrain (Alba) and the Saudi Arabian Mining Company (Ma’aden) have ended talks over a merger of the two Gulf manufacturing giants. Discussions had been taking place since last year and it had been hoped that a deal could be completed in the first quarter of 2025, according to Alba’s chief executive, Ali Al Baqali. […] January 13, 2025
Giga-projects Rising fuel and feedstock prices could fund Vision 2030 Higher feedstock and fuel prices introduced in Saudi Arabia are likely to play a part in funding the kingdom’s trillion-dollar Vision 2030 programme, according to a leading ratings agency. From the start of the month, the price of methane, the main component of natural gas and commonly used as a fuel in cement kilns, rose […] January 10, 2025
Manufacturing Alba and Ma’aden delay merger to Q2 2025 The deadline on a potential merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has been extended into the second quarter of 2025. It had been hoped that a deal between the two manufacturing giants could be completed in the first quarter, according to Alba’s chief executive, Ali Al Baqali. But a note […] December 23, 2024
Energy Aramco starts work on mega petrochem complex in China Saudi Aramco has started constructing a new integrated refining and petrochemical complex in Fujian Province in China as part of its liquids-to-chemicals strategy. The complex is being developed with China Petroleum & Chemical Corporation (Sinopec) and Fujian Petrochemical Company Limited (FPCL). The facility will have a 16 million tonnes-per-year, or 320,000 barrels per day, oil refining […] November 19, 2024
