Saudi Arabia | Egypt Oil & Gas - Part 25

Aramco IPO Unlikely to Happen in 2019

Recent drone attacks on Saudi Aramco’s facilities are making it less likely for the Saudi company to go through with its initial public offering (IPO) this year, Reuters reported. Attacks hit Saudi Arabia’s largest oi...

SABIC Holds Technical Summit in India

Saudi Basic Industries Corporation (SABIC) has recently organized a technical summit in Bengaluru, India, according to a company statement. The SABIC Technology Center in Bengaluru was the location for the latest in a...

Aramco Promotes iktva Program in Asia

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, according to a company statement. Two fo...

Saudi Arabia Ranked Third in Gas Processing Projects

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, Argaam reported. Ranked as the world’s th...

Saudi Aramco Acquires Shell’s Stake in SASREF

Saudi Aramco announced that it has completed the acquisition of Shell Saudi Arabia Refining’s 50% interest of the Saudi Aramco Shell Refinery (SASREF) joint venture (JV) in Jubail Industrial City for $631 million. Ara...

Saudi Arabia Restores Oil Supply Capacity: Minister

Saudi oil supply is fully back online, recovering from recent drone attacks that targeted facilities in Khurais and Abqaiq, the Saudi Minister of Energy, Prince Abdulaziz bin Salman told reporters. Saudi Arabia will r...

Bapco Refinery Maintains Operations

Facilities at the Bahrain Petroleum Company’s (Bapco) refinery continues to operate normally, according to the Bahraini National Oil and Gas Authority (NOGA), Reuters reported. This comes despite the shutting down of ...

Saudi Aramco Resumes Oil Loadings

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, according to Reuters. The Saudi Oil Su...

Restoring Saudi Oil Production Could Take Weeks

It could take weeks before Saudi Arabia restores its full oil production capacity after two Aramco oil plants were subject to drone attacks, Reuters reported. Attacks on Aramco’s largest Saudi oilfields in Khurais and...

Aramco to List 1% Stake on Tadawul before Year-End

Saudi Aramco is planning to list 1% of its shares on the Saudi Stock Exchange (Tadawul) before the end of 2019, and then list another 1% in 2020, Reuters reported. The news comes shortly after media reports pointed to...

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