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.
Aramco | Egypt Oil & Gas - Part 10
Saudi Arabia Signs $2 B Deal with SUMED
Saudi Arabia's Aramco and SABIC signed agreements with SUMED worth $2 billion to establish petrochemical projects in the Mediterranean region.
Egypt, Aramco Discuss Oil Cooperation
Ibrahim al-Buainain, CEO of Aramco Trading Company, has said that there are good opportunities for investment and expansion of existing cooperation between Egypt and Saudi Aramco.
Aramco Facilities Remain Operational after Missile Report
Saudi Aramco affirmed that their plants and facilities in the Najran province are fully operational, after reports of a short-range ballistic missile being fired towards an Aramco facility.
Construction Begins on Aramco Shipyard
Construction has begun on Saudi Aramco joint venture shipyard on Saudi Arabia’s eastern coast following the agreement for a loan from the Saudi Industrial Development Fund (SIDF).
Aramco: $20 Trillion Needed for Global Petroleum Sector
The global oil and gas sector needs over $20 trillion investments through the coming 25 years in order to achieve the forecasted demand growth and to compensate for the developed fields’ natural decline, said Amin ...
Saudi Aramco to Supply China’s Huajin with 12 M Oil Barrels
Saudi Aramco has approved providing 12 million barrels of crude oil to China’s Huajin Chemical Industries Group Corporation based on an annual deal.
Saudi Arabia, Russia Increase Energy Cooperation
Saudi Arabia and Russia are continuing to strengthen their relations in the energy sector.
Aramco Signs Chemical Technology Agreement
Saudi Aramco has signed an agreement with two US companies to use their technologies in order to turn crude oil to chemicals, which will help the kingdom boost its petrochemical business.
Aramco Seeks Cheap Loans ahead of IPO
Saudi Aramco is seeking to raise billions of dollars through cheap bank loans in order encourage strong ties with banks before its stock listing.
