{"id":379179,"date":"2020-10-19T09:20:51","date_gmt":"2020-10-19T03:50:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379179"},"modified":"2020-10-19T09:54:05","modified_gmt":"2020-10-19T04:24:05","slug":"saudi-aramco-and-sabic-reassess-crude-oil-to-chemicals-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-and-sabic-reassess-crude-oil-to-chemicals-project\/","title":{"rendered":"Saudi Aramco and SABIC reassess crude-oil-to-chemicals project"},"content":{"rendered":"<p>Saudi Aramco and Saudi Basic Industries have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead. <\/p>\n<p>The decision comes as oil companies globally re-assess energy projects to conserve cash, with a collapse in demand caused by the coronavirus pandemic threatening to keep crude prices weak for a long time.<\/p>\n<p>Aramco and petrochemical producer SABIC in 2017 signed a preliminary deal to build a $20 billion complex to convert crude oil to chemicals.<\/p>\n<p>But in a statement on Sunday, SABIC said the two companies were now considering the integration of Aramco&#8217;s existing refineries in Yanbu with a mixed feed steam cracker and downstream olefin derivative units.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco and Saudi Basic Industries have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead. The decision comes as oil companies globally re-assess energy projects to conserve cash, with a collapse in demand caused by the coronavirus pandemic threatening to keep crude prices weak for a long time. Aramco and petrochemical producer SABIC in 2017 signed a preliminary deal to build a $20 billion complex to convert crude oil to chemicals. But in a statement on Sunday, SABIC said the two companies were now considering the integration of Aramco&#8217;s existing refineries [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-379179","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379179"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379179\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}