Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Multibillion-riyal chemical ventures to sell shares  Join our daily free Newsletter

MENAFN - Arab News - 11/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The government plans to sell shares of Saudi Aramco Total Refining and Petrochemical Company (Satorp) and Sadara Chemical Company to citizens in an initial public offering, said Petroleum and Mineral Resources Minister Ali Al-Naimi



"We'll sell part of Sadara and Satorp to citizens in the future at cost rate," the minister said after inspecting progress of work at the two projects



The Satrop, a joint venture between Saudi Aramco and Total of France, involves a total capital investment of SR52.87 billion.



The initial stages of the project started in 2006, with construction commencing in 2010.



The world-class refinery, Satrop will process 400,000 barrels per day of Arabian Heavy crude oil into high-quality fuels.



It will also produce petrochemicals that can be feedstock for small- and medium-sized manufacturing businesses.



Saudi Aramco and the Dow Chemical Company established Sadara, a joint venture that will construct, own and operate a world-scale integrated chemicals complex in Jubail Industrial City II



Sadara and the adjoining conversion parks will establish a world-scale manufacturing footprint that delivers a full range of value-added, performance products destined for the emerging markets of Asia, the Middle East and Africa



Employing best-in-class technologies from Dow, the Sadara world-scale chemical complex will produce over 3.2 million tons of performance, value-added chemical and plastics products



The minister, who was accompanied by top officials, also visited Jubail Energy Services Company

 


Arab News




  MENA News Headlines
 Apr 27 2015 - Omani Tourists Stranded In Nepal Foreign Ministry Forms Evacuation TeamMuscat Daily
(MENAFN - Muscat Daily) The Nepal Embassy in Muscat has said that five Omanis are stranded in Kathmandu which has been left devastated by the earthquake.Bharat Kumar Regmi, chargé d'affaires at the ...

 Apr 27 2015 - H E Rumhi To Open Comex TodayMuscat Daily
(MENAFN - Muscat Daily) The IT, Telecom and Technology Show (Comex 2015) will begin at the Oman International Exhibition Centre on Monday under the patronage of H E Dr Mohammad bin Hamad al Rumhi, ...

 Apr 27 2015 - Agreement On Direct Shipping Line Between Iran And Sohar SignedMuscat Daily
(MENAFN - Muscat Daily) A direct shipping line between Oman and Iran came to fruition with the signing of an agreement between the two countries on Saturday.The new route will be created between ...

 Apr 27 2015 - Eshtaghal EXPO employment fair open for 2 daysDaily News Egypt
(MENAFN - Daily News Egypt) The Eshtaghal EXPO kicked off Friday with the aim of breaking the barrier between youth and more than 25 companies."We are creating real work and training opportunities," ...

 Apr 27 2015 - $300m needed to complete Grand Egyptian Museum: Antiquities MinistryDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Antiquities is working towards securing $300m to complete the Grand Egyptian Museum's construction, after costs rose from $800m to $1.1bn, Antiquities ...

 Apr 27 2015 - Housing ministry requests tightened measures to avoid construction violationsDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Housing Mostafa Madbouly asked Minister of Local Development Adel Labib to tighten measures, place the necessary procedures and abide by the provisions of the ...

 Apr 27 2015 - Petroleum Ministry owes EGP 100bn to Finance MinistryDaily News Egypt
(MENAFN - Daily News Egypt) The Petroleum Ministry's crisis regarding its obligation to pay dues of foreign partners was aggravated recently, due to the petroleum sector paying support expenses from ...

 Apr 27 2015 - Surplus cement supply stabilises prices for 5th monthDaily News Egypt
(MENAFN - Daily News Egypt) Cement producers have decided to keep the prices of cement stable for the fifth consecutive month, Minister of Supply Khaled Hanafy announced Sunday.Medhat Stephanos, head ...

 Apr 27 2015 - Egypt- EGAS studies preparing Adabiya Port to receive 2nd gasification shipDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Natural Gas Holding Company (EGAS) is looking into preparing Adabiya Port in Suez to be able to receive the second gasification ship, after being unable to ...

 Apr 27 2015 - Tourism minister, Egyptian ambassador discuss tourism relationsJordan News Agency
(MENAFN - Jordan News Agency) Minister of Tourism and Antiquities, Nayef Al Fayez, and Egyptian Ambassador to Jordan Khaled Tharwat, discussed ways to enhance relations in the tourism field.The ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help