Aramco Awards Saipem $3.5 B Gas Contracts
Saudi Aramco and Italy’s oil contractor, Saipem, signed two contracts at $3.5 billion for natural gas, Reuters reported.
Saudi Aramco and Italy’s oil contractor, Saipem, signed two contracts at $3.5 billion for natural gas, Reuters reported.
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement, and construction of the Marjan and Berri increment programs.
The British delegation visiting Riyadh will discuss the initial public offering (IPO) of Saudi Aramco, for which the London Stock Exchange (LSE) is a potential candidate.
Prices for Asia are affected by the monthly average price of Platts Dubai and the Oman Dubai Mercantile Exchange (DME).
The two companies will expand their reliance on non-metallic materials in a wide range of applied application areas, led by the automotive industry.
"The process was never fully suspended. I believe we are ready to start planning for the IPO of Aramco," said the Saudi Minister of Energy, Khalid Al-Falih.
The facility will help serve a number of industries, such as oil and gas, construction, automotive, packaging, and renewable energy.
The agreements were signed with a diverse set of companies that work on ship building, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage.
Saudi Aramco signed a memorandum of understanding (MoU) with S-Oil, one of South Korea’s top refiners by capacity, for technical advice petrochemical plant worth $6 billion.
Saudi Aramco and Air Products inaugurated the first hydrogen fueling station.