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1.96 MB
Extraction Summary
1
People
10
Organizations
4
Locations
2
Events
2
Relationships
3
Quotes
Document Information
Type:
Financial research report / gems paper
File Size:
1.96 MB
Summary
This document is page 70 of a Merrill Lynch 'GEMs Paper #26' dated June 30, 2016. It details the financial economics of petrochemical production in Saudi Arabia, specifically focusing on Saudi Aramco's diversification strategies, cost structures, and government revenues. The text discusses joint ventures, specifically the split with Shell (Motiva JV), and the development of major projects like Sadara and Petro Rabigh II. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it is part of a document production for a US Congressional investigation, though the content itself is strictly financial analysis of the Saudi energy sector and contains no direct mention of Jeffrey Epstein.
People (1)
| Name | Role | Context |
|---|---|---|
| Senior Aramco officials | Source |
Cited by local press regarding return increases on specialty chemicals.
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Organizations (10)
| Name | Type | Context |
|---|---|---|
| Merrill Lynch |
Author of the GEMs Paper #26.
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| BofA Merrill Lynch Global Research |
Source of data in Table 25.
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| IHS Chemical |
Source of data in Table 25.
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| Saudi Aramco |
Central subject of the report regarding petrochemical expansion and downstream operations.
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| SABIC |
Mentioned as a historical government-owned entity in downstream operations.
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| Shell |
Mentioned regarding a split in US operations with Aramco.
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| Ministry of Energy, Industry and Mineral Resources |
Constructing value-parks in Jubail and Rabigh.
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| Sadara |
Standalone petrochemical facility; expected to be world's largest integrated chemicals complex.
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| Petro Rabigh |
Existing plant undergoing expansion (Petro Rabigh II).
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| Motiva JV |
Mentioned regarding a recent split between Saudi and Shell.
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Timeline (2 events)
1993-07
Royal Decree issued merging all state-owned refineries, distribution activities and marketing operations under Saudi Aramco.
Saudi Arabia
Saudi Government
Saudi Aramco
Locations (4)
| Location | Context |
|---|---|
|
Primary subject of the economic analysis.
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Location of value-parks and the Sadara project.
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Location of value-parks and Petro Rabigh project.
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Referenced in 'US Spot' prices and the 'US split with Shell'.
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Relationships (2)
Mentions 'US split with Shell' and 'breakup was due to different strategies'.
Both mentioned as government-owned entities operating in downstream operations.
Key Quotes (3)
"Saudi Arabia is emerging as one of the largest petrochemicals producers globally."Source
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Quote #1
"The recent announcement of the US split with Shell was followed by comments that the breakup was due to different strategies by both companies with Aramco increasing its focus on petrochemicals."Source
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Quote #2
"This diversification into specialty chemicals could increase returns from the current US$500/ton level to around US$2000/ton by 2040..."Source
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Quote #3
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