Aramco, Petronas Start Operations at Pengerang Naphtha Cracker

• Thursday, 20th June 2019
• by Editorial Team

Saudi Aramco and Malaysia’s Petroliam Nasional Berhad (Petronas) have begun operations at their new naphtha cracker, industry sources told Reuters. The cracker, which is part of the $2.7 billion Refinery and Petrochem...

Saudi Oil Exports Increase by 0.8% in April

• Wednesday, 19th June 2019
• by Editorial Team

Saudi Arabia’s oil exports increased in April by 0.8% year-on-year (YoY), according to the General Authority for Statistics (GaStat), Asharq Al-Awsat reported. Crude exports recorded around $18.49 billion in April 201...

Saudi Arabia Calls for Securing Energy Supply Routes

• Tuesday, 18th June 2019
• by Editorial Team

Saudi Arabia is calling for increased cooperative efforts between countries to secure the shipping pathways of oil and energy supplies products, according to Saudi Minister of Energy Khaled Al-Falih, Asharq Al-Awsat r...

Saudi Arabia Voices Support for Extending OPEC Cuts

• Sunday, 16th June 2019
• by Editorial Team

Saudi Arabia believes that the Organization of the Petroleum Exporting Countries (OPEC) should decide to extend the production cut agreement during the Vienna summit in July, according to Saudi Energy Minister Khalid ...

Saudi Arabia Renews Commitment to Aramco’s IPO

• Sunday, 16th June 2019
• by Editorial Team

The Crown Prince of Saudi Arabia, Mohammed bin Salman, has expressed his commitment to go through with the anticipated initial public offering (IPO) of Saudi Aramco. “We are committed to the IPO of Saudi Aramco, but u...

SABIC Gets Nod for ExxonMobil Petrochemical Project

• Thursday, 13th June 2019
• by Editorial Team

Saudi Basic Industries Corporation (SABIC) has obtained the needed regulatory approvals, including environmental permits, to establish a petrochemical joint venture (JV) project with ExxonMobil in the US Gulf Coast. S...

Aramco to Reveal H1 Financials in August

• Thursday, 13th June 2019
• by Editorial Team

Saudi Aramco will soon reveal its first-ever earnings call, according to the company’s newly launched website segment for investors, Bloomberg noted. The Investors page on the Saudi company’s website is showing that t...

BP Raises Saudi Oil Reserve Estimitates by 12%

• Thursday, 13th June 2019
• by Editorial Team

BP has increased the evaluations for crude oil reserves in Saudi Arabia by 12%, the first change in Saudi reserve estimates since 1989, Reuters reported. Saudi’s proved oil reserves were estimated to be around 297.7 b...

OPEC Edges Closer to Extending Production Cuts

• Wednesday, 12th June 2019
• by Editorial Team

The Organization of the Petroleum Exporting Countries (OPEC) is about to make its decision to extend the production cut agreement, the UAE energy minister Suhail Al-Mazroui revealed during the International Economic F...

Sipchem Announces Hydrogen Supply Deal with SASREF

• Tuesday, 11th June 2019
• by Editorial Team

Sahara International Petrochemical Company (Sipchem) announced that it has signed a 20-year hydrogen supply agreement with Saudi Aramco Shell Refinery Company (SASREF). The deal was signed on May 30 by Abdullah Al-Saa...