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.
Egypt has awarded petroleum tenders to a number of companies to supply Egypt with oil products in the month of January, until a five year deal with Saudi Arabia is concluded as expected in early 2016, according to Pe ...
Saudi Arabia's Sadara Chemical Company has successfully started up its first linear low density polyethylene (LLDPE) production plant at its Jubail complex.
Saudi Aramco has announced its plan to double the amount of local sources used in its supply chain to 70 %, and thus increase its overall direct domestic investments worth $300b by 2021.
China's Shandong Electric Power Construction Corp (SEPCO) has signed a contract to build a gas compressor station as part of the expansion of Saudi Arabia's main gas pipeline.
Saudi Aramco's Chairman Khalid al-Falih said on Sunday that the company has no plans to cut oil production and he foresees the oil market rebalancing in 2016.