#Petro Rabigh

petrochemical

Global petrochemical firms shape up in oversupply crisis

Saudi Aramco’s recent acquisition of additional stake in Japan’s Sumitomo Chemical is a sign of consolidation in the petrochemical industry

Aramco to buy stake in JV Petro Rabigh from Sumitomo

Oil giant Aramco to acquire additional 22.5% stake in Petro Rabigh

The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals