Aramco | Egypt Oil & Gas - Part 2

Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria

Nigeria and Saudi Arabia’s state oil giant, Aramco, are facing challenges in finalising a landmark $5 billion oil-backed loan, according to Reuters. The falling crude prices have raised concerns among banks expect ...

Aramco Completes $5Bn Bonds Issuance

Aramco, a world leader in integrated energy, announced the successful completion of a $5 billion bonds issuance.
The issuance was carried out in three tranches at the London Stock Exchange, under its Global ...

Aramco Deploys First-Ever Iron-Vanadium Flow Battery for Natural Gas Operations

Aramco, one of the world’s leading integrated energy and chemicals companies, launched the first megawatt (MW)-scale renewable energy storage system using Iron-Vanadium (Fe/V) flow battery to store solar power for ...

EDC Drills 200 Wells in 2024, Targets Expansion in New Markets

The Chairman of the Egyptian Drilling Company (EDC), Osama Kamel, revealed that the company was able to drill 200 new wells and repair over 600 in 2024. He showcased the company's performance, noting that it added ...

Aramco Signs $90bn in Agreements with US Companies During Trump Gulf Tour  

Aramco, the Saudi oil giant, signed 34 Memoranda of Understanding (MoUs) and agreements totalling $90 billion with major US companies on the fringe of  US President Trump's tour in which Saudi Arabia was the first ...

Aramco Successfully Acquires 50% of APQ’s Interests in BHIG

Aramco and Air Products Qudra (APQ) announced that Aramco completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG).

Aramco Reports 12% Profit Decline in 2024 Amid Lower Crude Prices

Aramco has reported a 12.4% decline in net income in its fiscal year results of 2024, reaching 398.4 billion riyals ($106.25 billion), from 454.8 billion riyals ($121 billion) recorded in 2023 due to lower realize ...

Baker Hughes Secures Gas Technology Order for Jafurah Gas Field’s Third Expansion Phase

Baker Hughes has secured an order to provide six gas compression trains and six propane compressors for the third expansion phase of Aramco’s Jafurah gas field in Saudi Arabia. The order awarded by Tecnicas Reunid ...

Aramco Secures First US Crude Cargo, Shaping Brent Oil Market

Saudi Aramco has purchased its first cargo of WTI Midland, a U.S. crude oil grade that underpins the global Brent benchmark, according to Reuters. The transaction took place on Tuesday in the Platts trading window ...

Sinopec, Aramco Start Building Petrochemical Complex in China

Sinopec has announced the start of constructing a refinery and a petrochemical complex in cooperation with Aramco in Southeast China’s Fujian province.

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