Tag Archive

Saudi Aramco Intends to Float on Tadawul

Saudi Aramco Intends to Float on Tadawul

November 4, 2019 No Comments

Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia (the “Kingdom”, the “Government” or the “Selling Shareholder”), today announces its intention to proceed with an initial public offering on the Main Market of Tadawul. Source / More : Saudi Aramco Oil and Gas News Undiluted […]

Saudi Aramco signs seven MoUs at The Future Investment Initiative in Saudi Arabia

Saudi Aramco signs seven MoUs at The Future Investment Initiative in Saudi Arabia

October 29, 2019 No Comments

Saudi Aramco today announced its intention to establish the Jazan Power Joint Venture. The JV will be 46% owned by Air Products, 25% by ACWA Power, 20% by Saudi Aramco and 9% by Air Products Qudra. In addition, the Company signed seven MoUs at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. Ahmad A. […]

McDermott Awarded Contract for Mixed Feed Cracker in Saudi Arabia

McDermott Awarded Contract for Mixed Feed Cracker in Saudi Arabia

October 22, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) announced it has been awarded a large contract by Saudi Aramco and Total Raffinage Chimie (Total) to provide licenses, basic engineering package, extended basic engineering, training, technical services and supply of proprietary equipment for what will be one of the world’s largest mixed feed crackers. As part of the contract, […]

Saudi Aramco signs 1 SPA and 9 MOUs with Russian companies

Saudi Aramco signs 1 SPA and 9 MOUs with Russian companies

October 15, 2019 No Comments

Saudi Aramco President & CEO Amin H. Nasser attended the Saudi – Russian CEO Forum hosted in Riyadh as part of the state visit of the Russian President Vladimir Putin. At the Forum, Nasser noted the growing importance of Saudi Aramco’s evolving strategic relationship with Russian companies. After the CEO Forum, Saudi Arabia’s King Salman […]

World Media Delegation Pay Visit to Saudi Aramco Oil Plants

World Media Delegation Pay Visit to Saudi Aramco Oil Plants

September 20, 2019 No Comments

25 news outlets represented by as many as 80 journalists, on Friday, took a tour at oil facilities damaged by the sabotage attacks. The delegation met with various Saudi Aramco senior staff, engineers and workers, and saw endeavors exerted by the company to refunction the damaged facilities, attain production objectives. The world press delegation was […]

Saudi Arabia Subscribes to the IMF’s Special Data Dissemination Standard

Saudi Arabia Subscribes to the IMF’s Special Data Dissemination Standard

September 18, 2019 No Comments

Saudi Arabia subscribed today to the International Monetary Fund’s Special Data Dissemination Standard (SDDS), marking a major step forward for official statistics in the country. Subscription to the SDDS is expected to enhance the country’s availability of timely and comprehensive statistics and contribute to the pursuit of sound macroeconomic policies. Saudi Arabia is the first […]

Saudi Aramco completes acquisition of Shell’s share of the SASREF refining JV

Saudi Aramco completes acquisition of Shell’s share of the SASREF refining JV

September 18, 2019 No Comments

Today (September 18, 2019) the Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia (Refining) Limited’s (Shell) 50% interest in the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million. Completion follows receipt of all necessary regulatory consents. The acquisition supports Saudi Aramco’s […]

OIL PRICE SPIKE AFTER SAUDI ATTACK LIKELY SHORT-LIVED

OIL PRICE SPIKE AFTER SAUDI ATTACK LIKELY SHORT-LIVED

September 16, 2019 No Comments

In an update to clients after the biggest attack on oil infrastructure since the Gulf War, Bjørnar Tonhaugen, head of oil market research at Rystad Energy, made the following remarks: “The bullish reaction in oil prices will likely be limited by Saudi Arabia’s vast quantities of crude in storage, estimated to equal roughly 26 days […]

IEA statement on situation in Saudi Arabia

IEA statement on situation in Saudi Arabia

September 16, 2019 No Comments

The IEA is monitoring the situation in Saudi Arabia closely. We are in contact with the Saudi authorities as well as major producer and consumer nations. For now, markets are well supplied with ample commercial stocks.

Drone attack on Saudi Arabia is a ‘turning point’ for world fuel supplies

Drone attack on Saudi Arabia is a ‘turning point’ for world fuel supplies

September 16, 2019 No Comments

The drone attacks on a refinery and an oil field in Saudi Arabia disrupted the supply of some 5.7million barrels per day, or 5 per cent of global supply, with experts warning that petrol prices could rise by up to 24 cents per gallon in the US and four pence per litre in the UK […]

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