News
08 August 2024

Aramco to buy stake in JV Petro Rabigh from Sumitomo Chemical

In:
Chemicals/Petrochemicals
Region:
Middle East & Africa

Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical JV Petro Rabigh for $702 million as part of a turnaround plan for the loss-making venture.Under the deal, Aramco and Sumitomo Chemical will each provide $702 million in funding to Petro Rabigh and waive...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like

Never write off Türkiye
Perspective
28 March 2025

Never write off Türkiye

Türkiye is the rising star of the export finance community as a source of demand and as a home for internationally renowned EPC contractors. A surge in activity has defied...

Exiled: Catherine Lang Anderson, A&O
Video
31 March 2025

Exiled: Catherine Lang Anderson, A&O

Welcome to Exiled: The Real Assets People, a podcast where we ‘strand’ a guest on a desert island and ask them who from their professional past, present, and future they’d...

Must See

Perfect 10: Export Finance Deals of the Year
Perspective
25 March 2025

Perfect 10: Export Finance Deals of the Year

This year's winners of the TXF Perfect 10 weren't only about size, although there were benchmark deals in terms of volume and sectors. They were more symptomatic of the broadening ECA mandate and the focus on energy transition.

Perspective
28 March 2025

Never write off Türkiye

Türkiye is the rising star of the export finance community as a source of demand and as a home for internationally renowned EPC contractors. A surge in activity has defied official credit ratings, which still reflect a heightened risk environment. What has driven strong volumes and interest?

Video
31 March 2025

Exiled: Catherine Lang Anderson, A&O

Welcome to Exiled: The Real Assets People, a podcast where we ‘strand’ a guest on a desert island and ask them who from their professional past, present, and future they’d choose to be stranded with. After all, it’s people that make a profession. Our first guest is Catherine Lang Anderson, Partner & Head of Trade & Commodity Finance Practice at A&O Shearman. Recorded live from the Royal Academy of Arts, it will be no surprise to anyone who knows Catherine that her Exile is going to be a party!

Events

Americas 2025: Agency, Energy & Infrastructure Finance
Conference
Mar 31 - Apr 2, 2025

Americas 2025: Agency, Energy & Infrastructure Finance

Get ready to spice up your pipeline - join us in Miami to blaze a trail with the biggest dealmakers in the industry.

View more
Middle East & Africa 2025: Agency, Energy & Infrastructure Finance
Conference
Apr 14 - Apr 16, 2025

Middle East & Africa 2025: Agency, Energy & Infrastructure Finance

We're bringing the Middle East and Africa together for one mega event—the Middle East & Africa Congress! More connections, more opportunities, all in one place!

View more
Request access to TXF Intelligence