SABIC Holds Technical Summit in India
Saudi Basic Industries Corporation (SABIC) has recently organized a technical summit in Bengaluru, India.
Saudi Basic Industries Corporation (SABIC) has recently organized a technical summit in Bengaluru, India.
Aramco Asia has recently organized a series of events in the Asia-Pacific region to promote Saudi Aramco’s iktva localization program and attract Asian investors and suppliers.
Saudi Arabia is expected to add new-build gas processing capacities of 7.8 billion standard cubic feet per day (scf/d) between 2019 and 2023, as shown by a GlobalData report.
Saudi Aramco announced that it has completed the acquisition of Shell Saudi Arabia Refining’s 50% interest of the Saudi Aramco Shell Refinery (SASREF).
Saudi oil supply is fully back online, recovering from recent drone attacks that targeted facilities in Khurais and Abqaiq, according to Saudi Minister of Energy Prince Abdulaziz bin Salman.
Facilities at the Bahrain Petroleum Company’s (Bapco) refinery continues to operate normally, according to the Bahraini National Oil and Gas Authority (NOGA).
Saudi Aramco has reportedly told some of its clients that vessel loading has resumed following disruptions caused by recent drone attacks on oil facilities in Khurais and Abqaiq.
It could take weeks before Saudi Arabia restores its full oil production capacity after two Aramco oil plants were subject to drone attacks.
Saudi Aramco is planning to list 1% of its shares on the Saudi Stock Exchange (Tadawul) before the end of 2019, and then another 1% stake next year.
Saudi Aramco is expected to give lead roles to JPMorgan Chase, Morgan Stanley, and National Commercial Bank (Al-Ahli NCB) for its planned initial public offering (IPO).