Saudi Arabian chemical industry news

The deal involves leasing Jafurah gas assets, boosting gas production by 60% by 2030. Aramco retains 51% stake, with GIP and others holding 49%. The transaction supports asset optimization.

EPS up 4% to $3.24; operating income up 7% to $791M. Adjusted EPS down 3% to $3.09. FY25 EPS guidance: $11.90-$12.10. Capital expenditures: $5B.

Since March 2025, refineries process non-Russian oil, enhancing regional energy security through global sourcing and infrastructure upgrades.

A new Iron-Vanadium flow battery supports gas operations, enhancing energy efficiency and reducing emissions, with a 25-year lifespan and adaptability to extreme climates.

Aramco's $90B MoUs target LNG, chemicals, AI, and more, enhancing shareholder value and fostering innovation with US partners.

The agreement aims to enhance vehicle efficiency and environmental performance through joint R&D, focusing on innovative technologies for energy transition and climate solutions.

The agreement aims to develop a fully-integrated petrochemical complex at Yasref, enhancing production and diversifying output, coinciding with Yasref's 10th anniversary.