Saudi Aramco | Egypt Oil & Gas - Part 11

Aramco Considers Two-Stage IPO

Saudi Aramco is considering a plan to split its awaited initial public offering (IPO) into two phases, the Wall Street Journal reported. The first phase of the IPO could be launched on the Saudi Stock Exchange (Tadawu...

Iraq Discusses Gas, Petrochemical Projects with Saudi Investors

A number of investment opportunities in Iraq’s gas and petrochemicals industry have been presented to Saudi investors, a senior Iraqi official told Asharq Al-Awsat. Talks are being held with Saudi Aramco and Saudi Bas...

Aramco Develops Carbon Capture Technique

Saudi Aramco announced that it has developed a new technique to reprocess captured CO2 emissions into high-value products, Mubasher reported. The technique, named Converge, converts CO2 and other gases into useful ind...

Aramco Awards LTHE, EMAS Offshore Deal

Saudi Aramco has awarded a consortium of L&T Hydrocarbon Engineering (LTHE) and EMAS AMC, a Subsea 7 company, a large engineering, procurement, construction and installation (EPCI) project, TradeArabia reported. T...

Saudi Aramco Asks Banks for IPO Roles

Saudi Aramco has recently asked major banks to submit proposals for potential roles in its planned initial public offering (IPO), Reuters reported. The requests were reportedly sent to banks a few days day ago for wha...

Aramco Cuts Arab Light Septrmber Prices for Asian Markets

Saudi Aramco announced that the price of the Arab Light crude to Asian customers has been decreased by $0.75 per barrel for September delivery, compared with a premium of $1.70 per barrel to the Oman/Dubai crude avera...

Saudi Aramco Awards NESR $660 MM Contract

National Energy Services Reunited Corporation (NESR) announced that it has been awarded a number of contracts in Saudi Arabia worth a combined $660 million. The contracts awarded by Saudi Aramco to the National Petrol...

Aramco Slashes Propane August Price by $5 per Ton

Saudi Aramco has cut propane prices for August delivery by $5 a ton, Mubasher reported. Propane contract prices now stand at $370 per ton for August delivery, compared to $375 in July. The price provides a benchmark a...

SABIC Not Seeking to Acquire Clariant

Saudi Basic Industries Corporation (SABIC) has denied interest in acquiring Switzerland’s Clariant, SABIC CEO Yousef Al-Benyan told Asharq Al-Awasat. SABIC owns a 25% stake in Clarent, which recently revealed th...

Aramco Awards LTHE Marjan Field Contract

Saudi Aramco has awarded L&T Hydrocarbon Engineering (LTHE) a new project in the Marjan Field, Saudi Gazette reported. The project is part of the oil facilities for the Marjan Incremental Development Project and c...

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