Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
17-11-22
Saudi Aramco to invest USD7B into largest petchem deal in South Korea
(MENAFN) Saudi Aramco prepares for a USD7-billion funds at a South Korean affiliate’s workshop in the port city of Ulsan to turn out additional high-value petrochemical outputs, as announced by the Saudi firm on Thursday.
The venture, under the name of Shaheen, is the Saudi company’s largest investment in the Asian country to improve one of the glob’s biggest refinery-integrated petrochemical steam crackers, Aramco mentioned in an announcement.
Saudi Aramco possesses higher than 63 percent of South Korean refiner S-Oil Corp.
Building of the additional plant is going to start next year and be finished with the next 4 years (2026). It is going to have an output volume of higher than 3.2 million tons on a yearly basis, in line with a facility to output high-value polymers, Aramco reported.
The steam cracker is anticipated to process by-outputs from crude processing, such as naphtha as well as off-gas, to make ethylene, on top of that it is also projected to manufacture propylene, butadiene in addition to other basic chemicals.
MENAFN17112022000045014228ID1105196337
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us