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, reported Reuters. “The only thing to do now is...
Saudi Arabia is moving ahead with the expansion of its giant Khurais oilfield but the project would move slower than originally planned because of budgetary reasons, reported the Saudi Daily Record. Saudi Aramco has s...
Saudi Arabia has reduced its official selling price for Medium grade crude to Asia for November to a discount of $3.20 a barrel, reported Bloomberg. This is below the regional benchmark, set in Dubai, and compared to ...
Saudi Aramco has almost finished the construction of its giant Wasit gas project, reported Gulf Business, but it is currently processing gas from the Karan gas field instead of the offshore fields as originally planne...
China’s Shandong Electric Power Construction Corp (SEPCO) will install two booster gas compressor stations for Aramco, reported Gulf Business News. Saudi Aramco had contracted the Chinese group for its master gas syst...
Huawei–a global information and communications technology (ICT) solutions provider–has launched a new Joint Innovation Center (JIC) in Saudi Arabia together with Saudi Aramco and King Fahad University of P...
The Ministry of Petroleum announced signing of an agreement with Saudi Aramco – the largest energy company in the world – to provide Egypt with its needs of petroleum products for three months, reported Reuters. Repay...
Sources told Reuters that Saudi Arabia’s plan to issue bids for its first solar power projects, announced in 2013, has been postponed. “It hasn’t been approved yet, we are in a waiting mode,” s...
Informed sources, on condition of anonymity, told Reuters that Saudi Aramco is talking to banks about raising a $5b loan to help out a refinery it built in collaboration with China’s Sinopec. The finances, if ra...
The planned expansion of the Khurais oilfield in Saudi Arabia has reportedly been delayed beyond the original 2017 schedule, said Gulf Digital News. “The project is important because of the associated gas that c...