Aramco signs a partnership with PKN Orlen in Poland

Saudi Aramco has completed its purchase of a joint ownership stake in Polish oil refiner and retailer PKN Orlen in Poland. The Aramco acquisition value amounted to about $256 million. Aramco, SABIC and PKN Orlen also signed an agreement to evaluate the potential of a petrochemical project that includes the construction of an integrated chemical complex at the refinery consisting of a large-scale mixed steam cracker and derivatives units.