Author: feliciastones9
Aramco expands European downstream presence with PKN Orlen investments
-Investments widen Aramcos presence in European downstream sector
-MoU with PKN Orlen and SABIC to explore joint opportunities in region
-Companies assess potential research and development collaboration DHAHRAN – WEBWIRE – Wednesday, January 12, 2022
The Saudi Arabian Oil Company (Aramco or the Company), the worlds largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Polands refining, wholesale, and jet fuel marketing segments.
The Company has agreed to acquire equity stakes of 30% in a 210,000 barrels per day refinery in Gdansk; 100% in an associated wholesale business; and 50% ... Read more