Aramco | Egypt Oil & Gas - Part 14

Saudi Aramco to Ink a Deal with SABIC

National oil giant Saudi Aramco expects soon to sign a Memorandum of Understanding (MoU) with Saudi Basic Industries for a joint oil-to-chemicals project.

Saudi Aramco Raising Oil Output Ahead IPO

Saudi Aramco is raising output levels to capture more customers as it pushes ahead with Initial Public Offerings (IPOs). According to the CEO, the proposals for the partial privatization will be presented "soon" to t ...

Saudi Arabia Replaces Oil Minister

Saudi Arabia announced the ouster of its powerful oil minister, Ali Al-Naimi, marking the departure of a long key industry player.

Egypt to Receive 700,000 Tons of Petroleum Products from KSA

Saudi Arabia will provide Egypt with 700,000 tons of petroleum products a month under a $23b deal over five years signed between Saudi Aramco and the Egyptian General Petroleum Corporation (EGPC), an EGPC official said.

Saudi Fund May Raise $106b From Aramco Stake Sale

Saudi Arabia’s sovereign wealth fund could receive $106b in cash from the sale to the public of a 5% stake in oil giant Aramco’s parent company, according to the Sovereign Wealth Fund Institute.

Saudi Aramco Maintains All Planned Oil, Gas, Refining Projects

The world’s biggest oil exporter, Saudi Aramco, will not cancel any oil, gas or refining projects, company’s CEO Amin Nasser told press. In addition, Aramco is studying a possible expansion of the country’s largest o ...

Aramco Seeking to Issue Islamic Bonds

Saudi Aramco has held talks with banks about creating a program that would include selling Islamic bonds over the next years.

Kuwait to Resume Operations from Oilfields Shared with Saudi

Kuwait's Emir, Sheikh Sabah al-Ahmed al-Sabah, announced that stalled operations and exports from oil fields run jointly with Saudi Arabia would resume soon.

Riyadh’s Oil Outputs to Impact Global Economy, Not Aramco IPOs

Saudi Arabia’s oil production levels will be far more significant to the global economy than Aramco's plans for the initial public offerings (IPOs) selling shares in its upstream and downstream facilities, according ...

Aramco Targets Downstream Sector in Privatization Bid

Saudi Aramco's publicized plans to sell its shares on the open market are expected to target the downstream sector exclusively, according to initial announcements.

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