Gulf Oil and Gas accountACCOUNT

SABIC announces the beginning of the process for creating YANSAB as a Joint-Stock Company

Source: www.gulfoilandgas.com 6/5/2005, Location: Middle East

Saudi Basic Industries Corporation (SABIC) has announced that it is in the process of establishing a Joint-Stock Company named: The National Petrochemicals Company (YANSAB) with a fully paid-up capital of SR 5.625 billion, at Yanbu Industrial City. The company is the newest SABIC affiliate and is planned to produce 4 million MTY of Ethylene, Propylene, Polyethylene, Ethylene Glycol and other petrochemical products.

SABIC has allowed its partners in the affiliates IBN RUSHED and TAIF to hold 10% of YANSAB shares. SABIC plans to obtain the necessary approvals as required by law to float 35% of capital for public subscription. SABIC will hold 55% of the paid-up capital.

Polyethylene >>

Polyethylene News in Saudi Arabia >>

Oman >>  2/18/2019 - Global drilling and engineering contractor KCA Deutag (“KCAD”) announces that its land drilling operation has won new contracts and contract extension...
Qatar >>  2/18/2019 - Baker Hughes, a GE company, the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP)...

Saudi Arabia >>  2/15/2019 - Saudi Aramco and National Oilwell Varco Incorporated (NOV) recently held the first Arabian Rig Manufacturing (ARM) Board of Managers meeting. ARM is a...
United Arab Emirates >>  2/2/2019 - The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding an onshore block – known as Onshore Block 3 – to US based international oil a...

United Arab Emirates >>  1/27/2019 - The Abu Dhabi National Oil Company (ADNOC) signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new tradin...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.