Maaden has bought out its partner in a mining joint venture, the US aluminium producer Alcoa. The Saudi listed company acquired Alcoa’s 25.1 percent stake after increasing its capital by 2.3 percent ...

Alcoa (NYSE:AA) +1.7% pre-market Wednesday after saying it finalized the sale of its 25.1% ownership in the Ma'aden joint ...

Alcoa Corporation (NYSE: AA; ASX: AAI) ("Alcoa" or the "Company") today announced the successful closing of the Company’s ...

The Aden Harbour Authority’s latest statistics indicated that the refinery dock received 1.7 million tons of local and foreign crude oil during the same period, reported SABA.

U.S. firm Critical Metals signed a nonbinding MOU last year to explore the construction of a lithium refinery in Saudi Arabia with Riyadh-based Obeikan Group. Ma'aden, which is controlled by the Saudi ...

Federal officials have sanctioned a Chinese oil refinery, as well as an oil storage facility and their owners to cut off Iranian revenues from illicit oil sales that violate international sanctions.

The Aden refinery, which will cost more than $112 million, will process 100,000 bbls. of Kuwait and other Persian Gulf crude a day. It will fuel ships at Aden, serve the whole Red Sea area and ...

Environmental and economic impact When fully operational, Ma’aden I will provide 65% of the steam required at Ma’aden’s refinery, reducing carbon emissions by 600,000 tons annually—equivalent to ...

Pro forma for the transaction, Alcoa would own approximately 2% of Ma’aden’s current shares outstanding. “We deeply value our partnership with Ma’aden.

The Aden Refinery, established in 1954, ceased its operations for refining oil derivatives due to the conflict that erupted in the temporary capital in 2015.

Aden refinery, which produces large quantities of furnace oil, needs an investment of some $500 million in order to upgrade the production of gas oil. (menareport.com) ...