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Saudi Arabia’s PIF Bulks Up Energy Holdings with $1 Billion in Four Major European Oil Companies

mbs-putin
Saudi Arabia’s Public Investment Fund has "amassed stakes worth roughly $1 billion in four major European oil companies," the WSJ reports, as the deep-pocketed sovereign wealth fund goes on a buying spree of assets on the cheap amidst a global economic downturn.

ARAMCO-SABIC

Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020

SABIC.
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
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