The merger of the fleets would make Bahri the world's fourth largest owner of very large crude carriers, or VLCCs, and it would become the exclusive provider of VLCC crude oil shipping services to Saudi Aramco, under a long-term agreement.
June 28, 2012 11:20
State oil giant Saudi Aramco and Japan's Sumitomo Chemical are close to signing multi-billion-dollar contracts to expand their petrochemical complex in Saudi Arabia, industry sources said.
June 21, 2012 5:17
Four banks to arrange project sukuk; Part of $12.5 bln debt package for Aramco/Dow petchem JV; Will be only the second project sukuk from Saudi Arabia
June 13, 2012 10:41
State-owned oil giant Saudi Aramco is seeking to raise $12.5 billion in debt to help finance its joint venture with Dow Chemical, according to a report in Project Finance International (PFI), a unit of Thomson Reuters.
May 31, 2012 11:34