Agreement to proceed with FEED for Gulf refining/petchems integration reflects the two firms’ global pursuit of increased value from petroleum assets

Saudi State firm Aramco and France’s Total this week signed a joint development agreement for front-end engineering and design of a $5bn world-scale mixed feed cracker and polyethylene unit in the Jubail 2 industrial zone on the Saudi Gulf coast. The plant will be integrated with the 440,000 b/d Satorp joint venture refinery...