Author: feliciastones9

Aramco expands European downstream presence with PKN Orlen investments

-Investments widen Aramco’s 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 world’s largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Poland’s 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