Aramco to Acquire 70% Stake in SABIC

• Thursday, 28th March 2019
• by Mai El Ghandour

Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in the Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans, Reuters reported. R...

EMC Signs a 10-Year Agreement with Jordan’s Arab Potash

• Wednesday, 27th March 2019
• by Sarah Samir

Egyptian Maintenance Company (EMC) signed a 10 year-agreement with Jordan’s Arab Potash Company to provide maintenance services for gas turbines, stated Mohamed El Sheimy, EMC head, Egypt Oil & Gas reports. The Eg...

Aramco to Reduce its Carbon Footprint

• Tuesday, 26th March 2019
• by Editorial Team

Saudi Aramco has been establishing an international gas business in a way that diminishes its carbon footprint by converting more crude oil into chemicals, Amin Nasser, Aramco’s CEO said, Reuters reported. The company...

Noga, SFD Sign Financing Agreement

• Sunday, 24th March 2019
• by Editorial Team

Bahrain’s National Oil and Gas Authority (Noga) has signed a financing agreement with the Saudi Fund for Development (SFD), according to Saudi government agency, Zawya reported citing Gulf Daily News. The $300 million...

Renewable Energy Project to Meet its Deadline: Saudi Energy Minister

• Wednesday, 13th March 2019
• by Editorial Team

The Sakaka independent power photovoltaic solar plant, the first renewable energy project under the King Salman Renewable Energy Initiative, is expected to be done at its planned deadline which is by the end of 2019, ...

Saudi Arabia Discovers Gas Fields in Red Sea

• Monday, 11th March 2019
• by Editorial Team

Saudi Arabia discovered new natural gas fields in the Red Sea, according to the Saudi Press Agency (SPA) citing the Saudi Energy Minister Khalid Al Falih saying, Mubasher reported. Saudi Aramco will carry out feasibil...

Saudi Arabia to Increase China’s Oil Exports

• Monday, 4th March 2019
• by Editorial Team

Saudi Arabia plans to increase crude exports to China as a response to the increase in oil demand, Gulf Business reported. The crude exports to China is expected to increase, reaching 1.5 million barrels per day (b/d)...

Sadara Inaugurates Pipeline Project at PlasChem Park

• Monday, 4th March 2019
• by Editorial Team

Sadara Chemical Company (Sadara) inaugurated the Ethylene Oxide (EO) and Propylene Oxide (PO) pipeline to serve as a key industrial cluster in PlasChem Park in Saudi Arabia, Pipeline Oil and Gas Magazine reported. The...

Tecnimont Wins EPC Contract for Yanbu Plant

• Sunday, 3rd March 2019
• by Editorial Team

Maire Tecnimont’s subsidiary announced winning a $65 million Engineering, Procurement and Construction (EPC) contract by National Petrochemical Industrial Company, Pipeline Oil and Gas Magazine reported. The contract ...

Saudi Arabia to Export 3 B cf/d of Gas Before 2030

• Wednesday, 27th February 2019
• by Editorial Team

Saudi Arabia plans to increase its gas exports from conventional and non-conventional resources to reach three billion cubic feet per day (cf/d) before 2030, Saudi Aramco CEO Amin Nasser said on February 26, Reuters r...