Saudi Arabia To Build Oil-To-Chemical Plant In Yanbu – ValueWalk Premium
Oil
14Mar

Saudi Arabia To Build Oil-To-Chemical Plant In Yanbu

Saudi Arabia's Aramco has been researching for years ways to extract chemicals directly from crude oil, without having to refine it first. According to a recent press release, the government of Saudi Arabia has been successful in its endeavors and is planning to construct an oil-to-chemical plant in the city of Yanbu.

The nation’s oil minister, Ali bin Ibrahim Al-Naimi, released this information in a press conference on Tuesday. Saudi Basic Industries Corporation (TADAWUL:2010), one of the largest petrochemical corporations in the world, has collaborated with the government for the development of this technology . . .

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Author

Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.

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