Aramco | Egypt Oil & Gas - Part 10
Aramco’s Production Averages at 12.4 mmbbloe/d in 2020
Saudi Aramco achieved an average production of hydrocarbon of 12.4 million barrels per day of oil equivalent (mmbbloe/d) in 2020, of which 9.2 million barrels per day (mmbbl/d) were of crude oil. The company reached a...
Aramco to Sell More Shares to Reinforce State’s Sovereign Wealth Fund
Saudi Crown Prince Mohamed bin Salman announced that the state-owned Aramco Company will sell more shares as apart of its plan to reinforce the Kingdom’s Sovereign Wealth Fund. This came during his speech at the Futur...
Aramco, stc Launch Dammam 7 Supercomputer
Aramco and stc announced the launch of a new supercomputer under the name of Dammam 7 which is one of the top ten supercomputers in the world, a press release reported. The supercomputer center provides new opportunit...
Aramco Seeks a $7.5 B Loan for Pipelines Investors
Saudi Aramco is seeking a loan worth $7.5 billion for potential investors in its oil pipelines, sources familiar with the matter told Bloomberg. According to the sources, the Saudi company started discussions with len...
Japan Reaches Joint Storage Deal with KPC
Japan announced that it reached a joint deal for oil storage with Kuwait Petroleum Corporation (KPC), Reuters reported. According to the deal, KPC can use a capacity of 3.14 million barrels for free. In return, Japan ...
Aramco Signs Six MoUs to Boost Flagship Prgram
Aramco company announced that it has signed six memorandum of standings (MoUs) with companies of Shell, AMG Recycling BV, Suzhou XDM, Xinfoo, SUPCON and Posco to boost its flagship localization program, according to a...
Saudi Aramco Completes Issuance of $8 B International Bonds
Saudi Aramco, the world’s largest oil company, has completed the issuance of $8 billion worth of senior international bonds, according to a press release. A total of 40,000 bonds were issued at a value of $200,000 eac...
Aramco Awards Enppi LTA for Brownfield Development
Aramco awarded the Engineering for The Petroleum and Process Industries (Enppi) a long-term agreement (LTA) for its oil and gas brownfield projects, according to a statement. The agreement between Aramco and Enppi is...
