Aramco to Issue $10 B Bonds
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
News / International
Aramco to Acquire 70% Stake in SABIC
Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans.
Algeria’s Unrest not to Affect Oil, Gas Production
Algeria’s production levels of oil and gas seems to be unaffected by the wave of political unrest that is taking over the country.
Lukoil, Inpex Tests Eridu’s Drilling Well
The well has a production capacity of around 1,500 cubic meters of oil per day from the Mishrif formation.
Mubadala, Uzbekistan Ink Strategic Energy Deals
Abu Dhabi’s Mubadala Investment Company inked strategic agreements with the Republic of Uzbekistan to discuss potential opportunities in power generation, oil and gas and renewables.
Aramco, Mcdermott to Establish New Oil Facility
The facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules.
Oman to Construct Petroleum Coke Plant
The plant will have an expected production capacity of around 450,000 metric tonnes of calcined petroleum coke.
Aramco to Reduce its Carbon Footprint
Saudi Aramco has been establishing an international gas business in a way that diminishes its carbon footprint by converting more crude oil into chemicals.
Bahrain’s LNG Terminal to Operate in May
The LNG terminal is 98% ready with a capacity of 800 mcf/d.
Senaat’s Pipes to Operate in Q2 2019
Al Gharbia Pipe Company plant, a joint venture between manufacturing giant Senaat General Holding Corporation and two Japanese steel companies, will be operational in Q2 2019.
