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Sabic and MRC to build the world largest MMA plant The Saudi Basic Industries Corporation (Sabic) and the Mitsubishi Rayon Company (MRC) are preparing the call for tender for two chemical facilities to be added in Sabic al-Jubail existing chemical plant. In August 2009, Sabic and Mitsubishi Rayon had signed a letter of intend (LOI) to prepare […]

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E.ON to acquire stake in GDF-Suez Austen (ex Jacqui) On May 30th 2013, the German-based E.ON signed an agreement with the French GDF-Suez to take 25% stake in the Austen discovery in the Central UK North Sea. Until then, GDF-Suez was the solely owner of the working interests in Austen. After the transaction, GDF-Suez will hold 75% […]

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