Middle East oil giants speed up the layout of downstream sections

Currently, oil and gas giants in the Middle East are planning a number of large petrochemical projects

ADNOC polyolefin expansion

Sultan Ahmed al-Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), said that ADNOC hopes to create greater value per barrel of oil through chemical production

ADNOC is implementing a US$45 billion investment plan.

In February, Borouge awarded the front-end engineering and design (FEED) contract for the Ruwais Phase IV expansion project, including a 1.

COTC project attracts attention

Saudi Aramco and the Saudi Basic Industries Corporation (SABIC) cooperation crude oil-to-chemicals (COTC) integrated plant project may be the project of most global concern because it may have a revolutionary impact on the petrochemical industry

In October 2018, Saudi Aramco and Total signed a joint development agreement to carry out front-end engineering and design for the planned joint venture petrochemical plant in Jubail, Saudi Arabia

Saudi Aramco's acquisition of 70% of SABIC's equity is also in order to be more conducive to the development of downstream business

　　Expand the global market

　　Saudi Aramco and ADNOC have not only invested a large amount of capital in China, but also built a number of large-scale petrochemical complexes in other parts of the world

　　The refinery has a crude oil processing capacity of 1.

　　In February of this year, the crown prince of Saudi Arabia embarked on a trip to Asia and signed many memorandums of understanding