Aramco’s Crude Oil Distributions Rise by 2.3% in 2018
Saudi Aramco’s crude oil distributions increased by around 235,000 barrels per day (b/d), which represent around a 2.3% increase year-on-year (YOY) during 2018.
News / International
Saudi Consortium to Build Gas Pipeline in Bulgaria
The consortium was selected because it offers the most economically advantageous tender in the awarding criteria.
Siemens, EGA Ink First Power Services Agreement
Siemens and Emirates Global Aluminum (EGA) have inked the first power services agreement for an H-class gas turbine in the United Arab Emirates (UAE).
Chariot Wins Morocco’s Lixus Offshore License
The license will provide a technical program of 3D seismic reprocessing and evaluation to access the additional exploration potential of Lixus.
Japan Imports 22 M Barrels of Oil in February from UAE
The UAE’s imported crude oil represents around 25.5% of Japan’s total imports during February, which was around 86.604 million barrels.
Aramco to Finalize SABIC’s Acquisition Deal by 2020
Aramco announced on March 27 acquiring the 70% stake in SABIC for $69.1 billion to develop Aramco’s downstream growth plans.
ADNOC Inks Sales Agreement with China for Base Oil
The agreement supports ADNOC’s plan to enhance its downstream sector and petrochemical operations.
NPCC’s Profit Rises by 27% in 2018
The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) reached around $243 million in 2018, with revenues around $1.4 billion.
Oman Oil, Orpic Group Inaugurate SRIP
The $2.7 billion project is expected to add around 82,000 barrels per day (b/d) to the current capacity of 116,000 b/d, which will increase the total capacity to around 198,000 b/d.
Ghawar’s Field Production Reaches 58 B boe in 2018
The largest oil field in the world, Saudi Aramco’s Ghawar field, reached a production capacity of around 58 billion barrels of oil equivalent (boe) in combined reserves and 48.3 billion in liquid reserves.
