Saudi Aramco | Egypt Oil & Gas - Part 10

Saudi Aramco Delays PetroChina Oil Loadings

Saudi Aramco has delayed light crude oil loadings to PetroChina for October delivery by about 10 days, Reuters reported. The Saudi oil giant has committed to supplying the same amounts and grades of crude oil. Aramco ...

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 Selects Nine IPO Managers

Saudi Aramco has hired nine banks as joint managers of the company’s planned initial public offering (IPO), Reuters reported. The chosen banks are Saudi National Commercial Bank (NCB) and Samba Financial Group, as wel...

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...

Aramco Close to Announcing IPO Managers

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), Reuters reported. JPMorgan Chase is close to win...

Aramco Awards EPCI Contracts to Subsea 7-Led Consortium

Subsea 7 confirmed that it was has been awarded three offshore contracts by Saudi Aramco, under the long term agreement between the two companies, according to a statement. The engineering, procurement, construction, ...

Aramco Expands Downstream Investments in China’s Zhejiang FTZ

Saudi Aramco announced that it has signed a Memorandum of Understanding (MoU) with the Zhejiang Free Trade Zone (FTZ), during a visit by Yuan Jiajun, the Governor of the Chinese province of Zhejiang to Aramco’s ...

Saudi Aramco Awards GESi Contract to Dar Al-Handasah

Saudi Aramco has awarded Dar Al-Handasah a general engineering and project management services infrastructure (GESi) contract, Trade Arabia reported. Through the five-year deal, which covers existing and new infrastru...

Saudi Arabia Names New Aramco Chairman

The Governor of the Saudi Public Investment Fund (PIF), Yasir Al-Rumayyan, has been appointed as the new Chairman of Saudi Aramco. Al-Rumayyan replaces the Saudi Minister of Energy, Khalid Al-Falih, who congratulated ...

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