petrochemicals

Rongsheng is negotiating to sell Aramco an up to a 50 per cent stake in its unit Ningbo Zhongjin Petrochemical.

China’s Rongsheng, Saudi Aramco in talks to buy stake in each other’s units

CHINESE privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50 per cent stake in the Saudi company’s refining unit SASREF, a filing show...

The global petrochemical market continues to witness weak global demand and an increase in supply for most products.

Companies & Markets

Saudi Arabian petrochemicals giant Sabic falls to Q3 loss

Saudi Basic Industries Corp (Sabic), one of the world’s biggest petrochemical companies, on Thursday (Nov 2) posted an almost 17 per cent fall in third-quarter revenue and a net loss.

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