News // Companies
Saudi Aramco to sign deal with Russian Sibur for joint venture project
28 September 2017 , 11:00Neftegaz.RU1578
According to Bloomberg, Saudi Aramco and Russian petrochemical producer Sibur Holding are in talks to potentially form a joint venture to make synthetic rubber in the kingdom.
The 2 companies are expected to sign a memorandum of understanding for the project in October 2017, when Saudi King Salman Bin Abdulaziz visits Russia.
The agreement will be the 1st project with a Russian company that will not involve energy exploration or production.
Talks are said to be in the initial stages.
Saudi Aramco and Sibur aspire to expand in the petrochemical field since Aramco is willing to diversify income sources through introducing several projects in the refining and petrochemical fields.
15:19 26.03.2019Turkmenistan intends to offer Japan to invest in TAPI project
09:38 26.03.2019Energy Transfer and Shell sign agreement to further progress Lake Charles LNG project
13:00 25.03.2019Nord Stream 2 pipeline construction on schedule: project company
00:01 25.03.2019Germany's Wintershall eyes Russian expansion after DEA merger